Nigeria's Investment Banking Market Grows in 2025

According to the Sub-Saharan Africa Investment Banking Review published by LSEG, Nigeria is projected to retain its position as the second-largest investment banking market in Sub-Saharan Africa by 2025. The country recorded an overall investment banking fee revenue of $97.9 million, marking an 8% increase compared to 2023.

South Africa leads with 51.5% of total fees, while Nigeria accounts for 19.4%. The report indicates that total equity-related issuances in Nigeria reached $5.5 billion in 2025, a 58% increase from 2024, despite a 27% decline in equity deal values to $690.9 million.

Notably, Presco PLC completed a significant transaction worth $163.7 million in December 2025. The total value of announced merger and acquisition transactions involving Nigerian entities was $3 billion, making Nigeria the fourth target country in the region.

The report highlights the performance of local financial institutions, with Unit Capital PLC ranking 10th in the region's equity capital market.