WorldStage– System integration, cultural alignment, regulation leadership, foreign exchange and repatriation are crippling mergers and acquisitions (M&As) in Nigeria.
Dayo Obisan, a financial and capital market expert, said this at the virtual 12th Fellowship and Inaugural Lecture of the Capital Market Academics of Nigeria (CMAN) in Abuja on Sunday.
He, however, highlighted how mergers and acquisitions can unlock scale and capabilities in Nigeria when the drivers are in place.
Nigeria recorded five mergers and acquisitions in 2024 and 2025—two in banking, two in oil and gas, and one in manufacturing.
For an economy like Nigeria’s just recovering from foreign exchange shock, M&As should happen more as stronger companies seeking consolidation acquire those badly hit.
According to him, market share expansion and consolidation, diversification and non-dependence, acquisition of technology and capabilities drive merger and acquisition.
“Success hinges on clear and measurable objectives, stakeholder communication, robust governance, and pre-close integration planning,” the former director at the Nigerian Security Exchange said.
He urged organisations in the money and capital markets to implement comprehensive cultural due diligence as part of the mergers and acquisitions processes.”Mergers and acquisitions planning should be appraised regularly to ensure conformity and minimise variance in the process,” he said.
