Q1 2026 Edition

The numbers behind the practice.

Published 15 May 2026. Next update: Q2 2026 (15 August 2026). Data sourced from CBN, NBS, SEC Nigeria, NIPC, and proprietary firm engagement data.

Methodology

All public data sourced from official Nigerian government datasets. Firm engagement data is anonymised and aggregated to preserve client confidentiality.

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Capital Importation
$3.4bn
▲ 18.2%vs Q4 2025
FDI Component
$891m
▼ 4.1%vs Q4 2025
FPI Component
$1.6bn
▲ 32.6%vs Q4 2025
CCI Issuance Time
14days avg
▲ improvedvs Q4 2025
Capital importation by sector — Q1 2026
USD millions · Top sectors receiving inbound capital
Banking
$1,142m
Production
$720m
Financing
$546m
Telecoms
$398m
Trading
$310m
Agriculture
$224m
Other
$60m
Source: Central Bank of Nigeria capital importation data, processed by the firm. Q1 2026 covers January–March 2026.
FCT Transactions
2,847
▲ 12.4%vs Q4 2025
Avg Transaction Value
₦184m
▲ 8.1%vs Q4 2025
Commercial vs Residential
31/ 69
— flatvs Q4 2025
Governor's Consent (avg)
87days
▼ slowervs Q4 2025
FCT real estate transaction volume by district — Q1 2026
Number of recorded transactions · Top FCT districts by volume
Maitama
412
Asokoro
347
Wuse II
309
Garki
258
Jabi
224
Gwarinpa
196
CBD
178
Source: FCT Department of Lands transaction records, processed by the firm. Commercial and residential transactions combined.
NDPC Investigations
47
▲ 56.7%vs Q4 2025
CBN Enforcement
23
▲ 21.1%vs Q4 2025
SEC Sanctions
31
▲ 14.8%vs Q4 2025
EFCC Active Cases
198
▲ 7.6%vs Q4 2025
Regulator enforcement activity — Q1 2026
Number of recorded actions, by Nigerian regulator
EFCC
198
FIRS (tax)
124
NDPC
47
SEC
31
CBN
23
FCCPC
18
Source: Compiled from regulator press releases, gazettes, and public dockets. Includes formal enforcement actions only; does not include ongoing investigations.
Nigerian M&A Deals
87
▲ 9.4%vs Q4 2025
Aggregate Deal Value
$2.1bn
▲ 14.7%vs Q4 2025
Cross-Border Share
41%
▲ 6.2ppvs Q4 2025
FCCPC Reviews
52
▲ 11.8%vs Q4 2025
M&A activity by sector — Q1 2026
Deal count by acquirer sector
Financial Services
24
Technology
18
Real Estate
13
Energy
11
Consumer
9
Manufacturing
6
Other
6
Source: Aggregated from SEC Nigeria filings, FCCPC merger notifications, and publicly-announced transactions. Excludes private deals under $1m.
Quarterly Report

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The full Q1 2026 Dashboard is published as a 28-page PDF report with extended analysis, sectoral deep-dives, and the firm's commentary on what the data implies for matters currently in market.

Q1 2026 Dashboard
PDF · 28 pages · 4.1 MB

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