GJO & Partners

Energy in Nigeria: funding deals and active investors

One of the best-documented segments on the platform. Latest rounds, investors who lead them, tickets and instruments — Energy, Nigeria.

47

deals recorded

24

over 12 months

15 M$

median disclosed ticket

37

identified investors

Key findings

  • 47 funding deals recorded (Energy, Nigeria) since 2012, involving 38 companies and 37 identified investors. 24 of them over the last 12 months (10 the previous year).
  • Median disclosed ticket: 15 M$; half of the deals fall between 4 M$ and 163.6 M$ (29 amounts disclosed out of 47, 12.2 bn $ in total).
  • Where the money goes: Oil and gas (upstream and gas infrastructure) (32 %), Off-grid solar and solar kits (17 %), Commercial & industrial energy (11 %).
  • Most frequent stage: Growth (45 %); most used instrument: Equity (55 %).
  • Most active investors: All On (5), Afreximbank (Banque africaine d'import-export) (4), Cascador (3).
  • 21 % of deals are syndicated (at least two investors around the table).

Industries

  • Oil and gas (upstream and gas infrastructure)15
  • Off-grid solar and solar kits8
  • Commercial & industrial energy5
  • Mini-grids and rural electrification5
  • Productive use: solar cooling and pumping5

Stages

  • Growth21
  • Debt9
  • Pre-Seed4
  • Seed2
  • Series A1

Instruments

  • Equity26
  • Senior debt14
  • Quasi-equity2

Deals per year

YearDealsDisclosed amounts
20211—
20221—
202317 M$
202452.4 bn $
2025111.1 bn $
2026218.6 bn $

Most active investors

Latest deals

CompanyDateDisclosed amountsLead
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
Dangote Petroleum Refinery & PetrochemicalsOil and gas (upstream and gas infrastructure) · Nigeria · GrowthSept 20261.6 bn $undisclosedsource
Dangote Petroleum Refinery & PetrochemicalsOil and gas (upstream and gas infrastructure) · Nigeria · GrowthJul 20262.5 bn $Africa Finance Corporation (AFC)source
Seplat Energy PlcOil and gas (upstream and gas infrastructure) · NigeriaJun 2026undisclosedundisclosedsource
Eja-Ice NigeriaProductive use: solar cooling and pumping · Nigeria · GrowthJun 20261 M$All Onsource
Shoreline Power CompanyOil and gas (upstream and gas infrastructure) · Nigeria · DebtJun 2026200 M$Afreximbank (Banque africaine d'import-export)source
First ElectricCommercial & industrial energy · Nigeria · GrowthJun 2026357 k$Cascadorsource
KoolboksProductive use: solar cooling and pumping · Nigeria · GrowthJun 20261.4 M$Cascadorsource
PowerstoveClean cooking · Nigeria · GrowthJun 20261.2 M$Cascadorsource
MAXElectric mobility · Nigeria · DebtMay 20268 M$Triple Jumpsource
InstollarOff-grid solar and solar kits · Nigeria · SeedApr 2026undisclosedDelta40source
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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.