The mergers & acquisitions that shaped Nigeria’s corporate landscape in H1

Chinwe Michael


Mergers and acquisitions is a general term that refers to the consolidation of companies or assets.
M&A transactions in Nigeria were valued at US$ 1.2 billion in 2016, according to data compiled by McKenzie, and the latter forecasts a 67.8 per cent decline to US$ 716.4 million in 2017.



After several years of subdued corporate dealmaking driven by economic uncertainty, Nigeria witnessed a resurgence in mergers and acquisitions (M&A) during the first half of 2026 as companies pursued acquisitions, strategic partnerships, and cross-border expansion to strengthen their competitive positions.

The transactions, spanning banking, telecommunications, consumer goods, and capital markets, underscore how businesses are adapting to a rapidly changing operating environment characterised by tighter regulation, technological disruption, higher capital requirements, and the search for economies of scale.

Unlike previous years when many companies focused primarily on survival, the first six months of 2026 showed that corporate boards were increasingly using mergers and acquisitions as strategic tools to expand market share, access new customers, diversify revenue streams, and improve operational efficiency.

Analysts say the deals also reflect growing confidence in the Nigerian economy following improving macroeconomic stability and renewed investor appetite for quality assets.

“The recent wave of transactions is less about distressed sales and more about strategic positioning,” said an investment analyst. “Companies are looking beyond organic growth because acquisitions can provide immediate scale, stronger distribution, and access to new markets.”

Below is a breakdown of the…



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