This is our summary of some of the notable Corporate Deals that affected Nigerian companies in 2020.
 
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January 2020
 
@Paga announced investment in Ethiopian-based software development firm, Apposit for an undisclosed amount. The deal gave Paga full access to the expertise of Apposit’s engineers and technicians.

a Nigerian payment firm raised a sum of $35m in series B funding, led by VC firms, eVentures and Greycoft. The deal allows Flutterwave to embark on its expansion plans to Francophone and northern African countries.

Also, @Bolt received $55.8m debt financing from the EU Inv. Bank (EIB) in order to improve on technology as well as launch into new businesses.
@AccessBank acquired Kenyan Based TNB for an undisclosed amount.

February 2020
@LeapFrog III Insurance acquired 38.8% major equity stake in AIICO Insurance for N5.28bn. This was a move to boost the capital base of AIICO Insurance.