GJO & Partners

Funding and investors in Nigeria: market analysis

Who invests in Nigeria, in which sectors, with which tickets and instruments: every figure below is computed from the funding deals recorded on the platform.

276

deals recorded

105

over 12 months

8 M$

median disclosed ticket

243

identified investors

Key findings

  • 276 funding deals recorded (Nigeria) since 2001, involving 240 companies and 243 identified investors. 105 of them over the last 12 months (47 the previous year).
  • Median disclosed ticket: 8 M$; half of the deals fall between 2.1 M$ and 41.5 M$ (166 amounts disclosed out of 276, 20.1 bn $ in total).
  • Where the money goes: Fintech (22 %), Energy (17 %), Financial services (13 %).
  • Most frequent stage: Growth (39 %); most used instrument: Equity (67 %).
  • Most active investors: Helios Investment Partners (16), TLcom Capital (16), IFC (International Finance Corporation) (12).
  • 33 % of deals are syndicated (at least two investors around the table).

Sectors

  • Fintech62
  • Energy47
  • Financial services36
  • Agribusiness26
  • SaaS19

Industries

  • Banking21
  • Payments and mobile money19
  • Oil and gas (upstream and gas infrastructure)15
  • Crypto and blockchain10
  • Digital lending and scoring9

Stages

  • Growth107
  • Seed37
  • Pre-Seed36
  • Debt28
  • Series A11

Instruments

  • Equity184
  • Senior debt37
  • Quasi-equity4
  • Grant4
  • Mezzanine debt2

Deals per year

YearDealsDisclosed amounts
2021972.4 M$
202216110.6 M$
202314606.6 M$
2024472.8 bn $
2025451.5 bn $
20269914.6 bn $

Most active investors

Latest deals

CompanyDateDisclosed amountsLead
InfraCreditVehicle and productive-asset finance · Nigeria · DebtSept 202650 M$IFC (International Finance Corporation)source
Seplat Energy PlcOil and gas (upstream and gas infrastructure) · NigeriaSept 2026undisclosedundisclosedsource
Nayo Tropical TechnologyMini-grids and rural electrification · Nigeria · DebtSept 20268.6 M$IFC (International Finance Corporation)source
AeonCybersecurity · Nigeria · Pre-SeedSept 20261 M$Terra Industriessource
Biochar Industrial GroupForestry, agroforestry and carbon · Nigeria · Pre-SeedSept 20261.5 M$Catalyst Fundsource
Biochar Industrial Group (BIG)Agricultural inputs and services · Nigeria · Pre-SeedSept 20261.5 M$Breegasource
Drive45Passenger transport · Nigeria · DebtSept 20263 M$TLG Capitalsource
Dangote Petroleum Refinery & PetrochemicalsOil and gas (upstream and gas infrastructure) · Nigeria · GrowthSept 20261.6 bn $undisclosedsource
Noma Services ConsolidatedGrains and field crops · Nigeria · DebtSept 2026650 k$Sahel Capitalsource
TolaramConsumer goods (FMCG) · Nigeria · DebtSept 202651 M$Mauritius Commercial Bank (MCB)source
PewbeamVertical software · NigeriaSept 2026undisclosedResilience17source
NombaPayments and mobile money · Nigeria · DebtSept 20263 M$CardinalStonesource
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See also

Method: published funding deals (press releases, specialised media), recorded by Invest Matching's news monitoring and reviewed before integration. Amounts in US dollars; deals without a disclosed amount count in the totals, not in the medians.