Tracking the major deals in Nigeria for 2024
Highlighting the biggest business transactions shaping Nigeria's economy this year.
LemFI
Series Funding
$53m series B
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Frequently Asked Questions About Deals in Nigeria
Nairametrics Dealsbook tracks a wide range of business transactions in Nigeria including venture capital funding, private equity investments, debt financing, mergers and acquisitions, commercial paper issuances, bond offerings, and seed funding rounds across all sectors of the economy.
Our deal data is updated regularly as new transactions are announced and verified. We track deals from news sources, official announcements, FMDQ securities listings, and direct submissions from companies and investment firms to ensure the information is current and reliable.
You can search for active deals using the Nairametrics Dealsbook search and filter tools. Filter by deal type (funding, M&A, debt), sector (fintech, agriculture, energy), amount range, and date to quickly find relevant transactions in the Nigerian market.
Series A is early-stage funding for startups with a proven product and user base, typically ranging from $2 million to $15 million. Series B helps companies scale operations and market reach, usually $7 million to $30 million. Series C and beyond are for mature companies expanding into new markets or preparing for an IPO, often exceeding $30 million.
Use the Dealsbook to identify active investors in the Nigerian ecosystem by examining recent deals in your sector. Look for venture capital firms, angel investors, and corporate venture arms that have funded similar-stage companies. The platform also tracks investor profiles and their investment preferences across Nigerian startups.
Yes, Dealsbook tracks debt financing transactions including commercial paper issuances, corporate bonds, term loans, and other debt instruments. These are sourced from FMDQ securities listings, bank announcements, and regulatory filings with the Securities and Exchange Commission (SEC).
Yes, companies and investment firms can submit their transactions for inclusion. Submissions are verified against public announcements and official sources before being published. This helps ensure the integrity and accuracy of the deal data available to all users.
Fintech continues to lead deal activity in Nigeria, followed by agriculture technology (agritech), logistics and supply chain, healthcare technology (healthtech), and renewable energy. The financial services sector also sees significant M&A and capital-raising activity from banks and insurance companies.
