When Legend Internet Plc rang the bell at the Nigerian Exchange on April 24, 2025, it became Nigeria’s first ISP to go public, listing by introduction and offering two billion shares at ₦5.64 each. Though no new shares were issued, the move added ₦11.28 billion to the NGX’s market cap, and Legend’s stock quickly surged over 58%. Founded in 2014, the company quietly built an extensive fiber network across Abuja, connecting over 250,000 homes and offering bundled internet, TV, and voice services via a single fiber line and a digital platform, MyLegend.
Led by CEO Aisha Abdulaziz, Legend overcame market challenges such as high infrastructure costs and competition from mobile operators by focusing on affordability, efficiency, and innovation. The company now plans to raise ₦150 billion to expand nationwide, while maintaining stable subscription pricing. With over 180 free public WiFi hotspots and services like LegendMail, LegendPay, and the upcoming MailPay, Legend is turning underserved Nigerians into digital participants. Its listing is just the first step in building what it calls the “foundation layer” of Nigeria’s digital economy.
