DEAP Capital Management & Trust Plc has raised ₦1.0 billion in equity from Banklink Africa Private Equities Limited, marking a significant milestone in the company’s recapitalisation and strategic realignment.

Also read: Nigerian Stock Market Downturn Wipes N324bn in One Day

The investment, disclosed in a regulatory filing with the Nigerian Exchange (NGX), will support DEAP Capital’s capital expansion and operational restructuring, aligned with a growth-focused business strategy targeting Africa’s rising mineral and rare earth markets.

Chairman Dr. Kenneth Olise described the investment as a “watershed moment” for the firm, highlighting Africa’s growing strategic importance in critical minerals.

The ₦1.0 billion constitutes the first tranche of a ₦6.0 billion equity partnership, with the second tranche scheduled following DEAP Capital’s Annual General Meeting on 10 March 2026, subject to shareholder approval and regulatory clearance.

The arrangement builds on a December 2025 Memorandum of Understanding, under which Banklink Africa’s Equity Fund II committed to supporting DEAP Capital’s mineral and metals projects.

With the first tranche now received, DEAP Capital moves closer to meeting the Securities and Exchange Commission’s recapitalisation requirements for a Tier 1 Issuing House licence a key step to enhance its capital markets credentials.

Financially, DEAP Capital has begun showing early signs of recovery. After posting a pre-tax loss of ₦28.8 million for the 2025 financial year, the company recorded a profit after tax of ₦2.4 million for the December 2025 quarter. Its total equity improved from -₦2.3 billion to -₦1.97 billion.

Investor sentiment reacted positively, with DEAP Capital shares trading at ₦9.07 by midday on 11 February, up 10% intraday.

Also read: Nigerian Stock Market Closes Week Down 0.56%, Loses ₦516 Billion in Value

The Banklink Africa investment reinforces institutional confidence in African financial players with exposure to the continent’s resource economy, positioning DEAP Capital for regulatory compliance, operational expansion, and long-term competitiveness.