Nigeria has been ranked as the second-largest investment banking hub in Sub-Saharan Africa (SSA), according to the latest regional investment banking review.
The report indicates that Nigeria accounted for 19.4 per cent of total investment banking fee revenue in the region, generating approximately $97.9 million in fees during the review period. This represents an 8 per cent increase year-on-year, highlighting steady growth in the country’s deal-making and advisory market.
South Africa maintained its position as the largest investment banking market in SSA, contributing more than half of the region’s total fee pool, while Ivory Coast ranked behind Nigeria.
Analysts attribute Nigeria’s strong performance largely to increased activity in the debt capital market, alongside advisory services and structured finance transactions. Although equity and merger deals experienced some moderation, the overall market demonstrated resilience amid economic headwinds.
The ranking reinforces Nigeria’s growing influence in Africa’s financial services sector and underscores its importance as a key destination for investment banking transactions within the region.
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