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-N360 billion
Transgrid Enerco Limited completed its acquisition of a 60% controlling stake in Eko Electricity Distribution Company (EKEDC) in a deal valued at approximately N360 billion, Nairametrics reported on Dec 30, 2025.
Originally expected to close by April 2025, the transaction was finalised on December 30, making it one of the largest privately negotiated takeovers in Nigeria’s power distribution sector since the 2013 privatisation.
The consortium, comprising North South Power Company (NSP), Axxela Limited, and the Stanbic IBTC Infrastructure Growth Fund (SIIF), now controls the Disco, which serves southern Lagos and Agbara in Ogun State, key industrial and commercial hubs.
The new owners planned to modernise operations, expand distribution capacity from 513MW to 1,500MW, and improve service reliability.
The acquisition involved N180 billion in upfront cash, with the remaining N180 billion secured via bank guarantees.
