Acquisitions in Nigeria

Flutterwave has acquired Mono, an open banking infrastructure provider, to expand bank-based and authenticated payment capabilities and strengthen open banking infrastructure across Africa. Mono will continue to operate independently with no leadership or day-to-day operational changes, while its APIs for financial data access, identity verification, and account-to-account payments are integrated into Flutterwave’s broader payments ecosystem to improve onboarding, verification, and fraud reduction.

Wakanow, an African online travel group, has acquired Nairabox, a Nigerian digital platform for event and cinema ticketing. The acquisition expands Wakanow beyond travel bookings into entertainment as part of its broader lifestyle ecosystem, with plans to scale Nairabox across Africa. Financial terms of the deal were not disclosed.

Readen Holding Corporation (RHCO) signed a final agreement to acquire an 80% controlling stake in Morrich Lottery Limited, a fully licensed lottery operator in Nigeria. Following the closing, RHCO holds Nigerian licenses for lottery, sportsbook, and casino operations and plans to integrate its Readies payment system across Morrich’s platforms.

Seplat Energy Plc announced the completion of its acquisition of Mobil Producing Nigeria Unlimited (MPNU) from ExxonMobil Corporation. MPNU comprises ExxonMobil’s offshore shallow-water business in Nigeria, and the deal was completed for $672 million in cash funded through Seplat Energy’s cash and debt facilities.