Nigeria’s dealmaking landscape in 2025 reflected a year of strategic recalibration, capital consolidation, and selective big-ticket bets across the economy.
From fintech funding rounds and consumer goods divestments to energy megafinancings, power sector takeovers, and cross-border banking expansions, transaction activity underscored how capital continued to reposition itself around scale, resilience, and long-term growth.
Curated by the Nairametrics Research Team, this power list highlights some of the most consequential mega deals announced or completed during the year.
The selection is not exhaustive and spans multiple sectors, including financial services, fintech, energy, manufacturing, consumer goods, agribusiness, and infrastructure, reflecting the breadth of capital flows across Nigeria’s economy.
Beyond deal size, transactions featured in this list were selected based on their measurable impact on the economy, the level of transparency around deal structure and valuation, and the degree of completion or regulatory clarity achieved within the year. In a market where many large transactions are announced but never consummated, emphasis was placed on deals with verifiable execution milestones.
Energy, infrastructure, and industrials dominated the upper end of the deal spectrum. African Export-Import Bank anchored a $1.35 billion refinancing for Dangote Industries’ refinery, Transgrid acquired a controlling stake in Eko Electricity Distribution Company for N360 billion, and major exits in power and oil, and gas reshaped ownership across strategic assets.
Together, these transactions highlighted where long-term capital was committed decisively in 2025.
What follows is Nairametrics’ curated list of top mega deals of the year—transactions that stood out not just for their headline numbers, but for their execution, economic relevance, and lasting influence on Nigeria’s corporate landscape.
Deal size -$750 million
Billionaire Femi Otedola divested his 77% controlling stake in Geregu Power Plc in a $750 million landmark transaction, Nairametrics reported, marking one of the largest private power divestments in Nigeria’s history.
The deal, which officially closed on December 29, 2025, was executed through the sale of Otedola’s 95% stake in Amperion Power Distribution Company Limited to MA’AM Energy Ltd, a Nigerian integrated energy company.
Following the transaction, MA’AM Energy became the new controlling shareholder of Geregu Power, acquiring the indirect interest previously held by Otedola and Calvados Global Services Limited. MA’AM Energy, active in generation, supply, energy trading, and marketing, now holds majority control over Amperion Power, the main shareholder of Geregu Power.
