Thomas Wyatt Nigeria Plc has announced the acquisition of a substantial equity stake in the company by FPNG Co-Nvest Limited.
In a disclosure signed by the Company Secretary, Chijioke Onwuka & Co., and filed with the Nigerian Exchange Limited (NGX), Thomas Wyatt confirmed that FPNG Co-Nvest Limited acquired 27,756,510 ordinary shares or 7.01 percent of the company’s 396 million outstanding shares as of October 10, 2025.
The transaction establishes FPNG Co-Nvest as one of the company’s notable shareholders, strengthening investor confidence in the paper and packaging manufacturer.
Thomas Wyatt Nigeria Plc, one of the country’s oldest paper and stationery producers, operates from its headquarters at Abebe Village Road, Iganmu, Lagos, and manufactures a wide range of paper-based products serving the educational, corporate, and industrial sectors.
The company’s board of directors is chaired by Stephen S. Mayaki, with Ayodele Kudaisi (Mrs.), Oladele Lawore, and Senator Nenadi Usman (Mrs.) as members.
Market analysts say the new equity position could signal growing investor interest in Nigeria’s manufacturing and industrial goods segment, particularly in paper and packaging, which have seen rising demand following the government’s emphasis on local production and import substitution.
Thomas Wyatt’s shares remain listed on the Nigerian Exchange under the Industrial Goods sector, and the company continues to pursue strategic partnerships aimed at driving growth, operational efficiency, and long-term value for shareholders.