Nigeria's Deal Landscape Has Shifted In The Past Decade (2015-2025) - Here's What You Need to Know

Over the past decade, Nigeria's deal landscape has told a story of momentum, volatility, and shifting investor priorities - but most importantly, it's revealing where the real opportunities now lie.

At Leonine Investment Services, we've taken a deep dive into Nigeria's deal activity from 2015 to 2025 - analyzing transaction volumes, capital flows, sector performance, and investor behavior.

Here's a snapshot of what we uncovered:

• Deal activity peaked in 2021, followed by a sharp slowdown
• Capital deployment has been highly volatile - dropping significantly in recent years
• Finance and Technology continue to dominate deal volume and value
• Private placements remain the primary driver of activity, far ahead of public markets
• Early-stage funding is active - but largely undisclosed and fragmented

Beyond the numbers, this report answers a more important question: What does this mean for businesses looking to raise capital today?

Whether you're preparing for a raise, exploring strategic transactions, or tracking market signals, this report gives you the clarity to make smarter decisions in an evolving market.

If you'd like to discuss what these trends mean for your business or upcoming transactions, we'd be happy to have a conversation.

P.S. The gap between capital availability and investor expectations is widening - understanding the data is now a competitive advantage.