Banking, finance and capital markets in Nigeria

Aluko & Oyebode

Aluko & Oyebode advises multinational and Nigerian clients on the full range of financing matters, with notable work in Eurobonds and syndicated lending facilities. The firm’s prominent position in the market is evidenced by its membership of the Africa Legal Network, an alliance of leading independent African law firms. The practice is headed by ‘market leader’ Kofo Dosekun who also leads the firm’s corporate work, working primarily on project finance, syndicated lending, and structured trade finance. Other notable members of the team include Reginald Udom, who specialises in financing for energy and infrastructure, and Olubunmi Fayokun who heads the firm’s work on capital markets. Elsewhere, Oludare Senbore leads the power team, Ayodeji Oyetunde primarily advises on debt and equity capital markets, and Funmilayo Otsemobor has experience in financial regulatory issues.

Practice head(s):

Kofo Dosekun; Olubunmi Fayokun; Oghogho Makinde

Other key lawyers:

Reginald Udom; Oludare Senbore; Ayodeji Oyetunde; Funmilayo Otsemobor; Ajibola Asolo; Ozioma Agu

Testimonials

‘The firm has a great team of partners covering different practice areas relevant to my employer’s business. They have advised me on a couple of complex and high-value transactions over the last year.’

‘Kofo Dosekun is a solid market leader. Funmi Otsemobor is an emerging market force with clear knowledge of her sectors. Dare Senbore is a responsive and bright lawyer. Ozioma Agu is a bright and promising associate.’

‘They are technically strong, while also being pragmatic and commercial in negotiations.’

‘Oludare Senbore is excellent. He is available, commercial, technically very strong, and robust in negotiations.’

Key clients

MTN Nigeria Communications Plc

Access Bank Plc

Access Holding Plc

Guaranty Trust Bank Limited

Shelter Afrique

Citibank Nigeria Limited

Citibank N.A London Branch

Africa Finance Corporation

Shell Western Supply and Trading Limited

Stanbic IBTC Bank Plc

Standard Chartered Bank Nigeria Limited

Rand Merchant Bank

African Trade Finance Limited

Mashreqbank Psc

Work highlights

  • Acted as local counsel to Citibank Europe PLC and a syndicate of Lenders on three different transactions involving the same obligors.
  • Acted as Nigerian counsel to the senior lenders in connection with the restructuring of a US$175,000,000 reserve-based lending facility.
  • Acted as joint Nigerian legal counsel to Access Bank Plc in connection with its issuance of US$500 million Basel III compliant Perpetual Non-Call Additional Tier 1 Eurobond Notes.

Banwo & Ighodalo

Banwo & Ighodalo advises on a wide-range of banking and finance matters, with notable expertise in project finance, securitisation transactions, and regulatory issues. The firm’s offering is bolstered by a specialised practice aimed specifically at fintech and broader technology projects in the tech-based start-up space. In capital markets, the team has a debt specialism and has worked on some of the most high-profile issuance matters in the market. Founding partner Asue Ighodalo brings extensive experience in banking and capital markets, while Femi Olubanwo‘s expertise relates to project finance. Ayotunde Owoigbe has advised in relation to notable syndicated lending facilities and Eurobond issuances, whereas Azeezah Muse-Sadiq specialises in capital markets. Isa Alade brings expertise in fintech, and Seyi Bella focuses on secured lending and corporate finance.

Practice head(s):

Asue Ighodalo; Femi Olubanwo; Ayotunde Owoigbe; Azeezah Muse-Sadiq; Isa Alade; Seyi Bella; Ayodele Adeyemi-Faboya

Other key lawyers:

Olamide Oshikoya

Testimonials

‘The team is highly-skilled and treated all matters in a professional and timely manner.’

‘They always respond to the point and their advise is always targeted and accurate.’

‘Olamide Oshikoya is very responsive, experienced and client-oriented. His experience in the banking sector shows since he was able to provide specialized advice on different topics within the latest refinancing project we had as a client with one of the largest banks in Nigeria.’

Key clients

FirstRand Bank Limited (acting through its Rand Merchant Bank Division)

The Standard Bank of South Africa Limited

Stanbic IBTC Trustees Limited

Moove Nigeria B.V

Trafigura Pte Ltd

Sterling Bank Plc

FSDH Merchant Bank Limited

FBNQuest Merchant Bank Limited.

Kasi Cloud Investors II LLC

MTN Nigeria Communications PLC

M.R.S Oil and Gas Company Limited

The Nigerian National Petroleum Corporation

Tempo Paper Pulp and Packaging Ltd

The Mauritius Commercial Bank Limited

Ecobank Nigeria Limited. & Ecobank Development Company Limited

Banco BTG Pactual S.A

Bank Of Industry Limited

UAC of Nigeria Plc

Fidelity Bank Plc

Company for Habitat and Housing in Africa

North South Power Company Limited

The Federal Republic of Nigeria

Debt Management Office

TrustBanc Holdings Limited

Dangote Industries Limited

Mixta Real Estate Plc

Dangote Cement Plc

Access Bank Plc

Ardova Plc

Lagos State Government

Work highlights

  • Acted as Nigerian counsel to a syndicate of lenders in connection with a EUR1,000,000,000 unsecured two year term loan.
  • Advised Moove Nigeria B.V. in connection with the US$60,000,000 financing advanced by a consortium of banks.
  • Advised the Joint Bookrunners in connection with the issuance of US$500 million perpetual fixed-rate resettable non-cumulative non-call subordinated (AT1) notes.

G. Elias & Co

G. Elias & Co advises high-profile clients in the energy space, with an emphasis on oil-related investments, alongside international financial institutions and Nigerian state bodies, on a number of complex cross-border financial transactions and credit products. The prominent capital market practice has a broad offering, including IPOs, corporate, state and parastatal bonds, asset-backed securities, and commercial paper issuances. Fred Onuobia advises on notable financial transactions in both the public and private sectors, with a core practice in derivatives and repurchase transactions, while Gbolahan Elias has experience working in high-profile project finance and syndicated lending matters. Segun Omoregie works primarily in capital markets.

Practice head(s):

Gbolahan Elias; Fred Onuobia; Segun Omoregie

Other key lawyers:

Ockechukwu Okoro; Michelle Chikezie

Key clients

African Export-Import Bank

BUA Industries Limited

Lagos State Government

EDFI Management Company SA

MTN Nigeria Communication Plc

United Bank for Africa Plc

Citigroup Global Markets Europe AG

Mashreqbank psc

Standard Chartered Bank

Renaissance Securities (Cyprus) Limited

C&I Leasing Plc

Radix Trustees Limited

Leadway Capital

Lagos Free Zone Company (LFZC Funding SPV Plc)

Work highlights

  • Advised as Nigerian counsel to United Bank for Africa Plc on the establishment of a Eurobond.
  • Advised as transaction solicitors on the equity offering by MTN Nigeria Telecommunications Plc (“MTN”).
  • Advised Afreximbank on the financing of the Aba Independent Power Plant (“IPP”) sponsored by Geometric Power Aba Limited.

Olaniwun Ajayi LP

Olaniwun Ajayi LP advises on the full scope of financial transactions and products, with a particularly strong offering in project finance in the energy and infrastructure sectors. This is supplemented by equally high-profile work in the capital markets space, with novel and high-value work in Eurobonds, and state and corporate bonds. Yewande Senbore and Konyin Ajayi have extensive experience in banking, finance, and capital markets, both working on the novel EUR700 million Eurobond Issuance by the Bank of Industry. Tominiyi Owolabi and Wolemi Esan bring sector specialisation in energy, working on a number of high profile financing and facility restructuring mandates in that space, while Ibi Ogunbiyi  has overseen notable matters in the infrastructure and renewables sectors.

Practice head(s):

Wolemi Esan; Tominiyi Owolabi

 

Other key lawyers:

Yewande Senbore; Konyin Ajayi; Folake Alabi; Olamide Aiyeola; Ejemen Ofoman; Ibi Ogunbiyi; Folake Alabi; Ogechi Onuoha

 

Key clients

African Finance Corporation

Bank of Industry

Coronation Merchant Bank Limited

Citigroup Global Markets Ltd

Dangote Cement Plc

DLM Capital Group Limited

Infrastructure Credit Guarantee Company Limited

International Finance Corporation

Katsina State Government

Lagos State Government

Nigerian Bottling Company Limited

Nigeria Liquefied Natural Gas Company

Seplat Petroleum Development Company Plc.

StanbicIBTC Asset Management Ltd

Sterling Oil Exploration & Energy Company Limited

United Capital Plc

Seplat Energy Plc

ANOH Gas Processing Company Limited

First Bank of Nigeria Limited

GuarantCo Limited

Ecobank Nigeria Limited

Union Bank of Nigeria Plc

First City Monument Bank Limited

United Bank for Africa Plc

Work highlights

  • Advised the Joint Global Coordinators on the EUR700 million Eurobond Issuance by the Bank of Industry, the first Eurobond issuance by an African DFI.
  • Advised the Africa Finance Corporation on the USD200 Million financing of the construction and operation of a sugar plant with a capacity per annum of 220,000 tonnes.
  • Advised on the establishment of a NGN300 billion bond issuance programme by Dangote Industries Funding Plc.

Templars

Templars provides a full range of financial services with a particular focus on project finance mandates, the team having worked on numerous high-profile matters across the energy, infrastructure, and shipping sectors. The firm is also active in the capital market space, working on a variety of equity and debt-backed instruments, advising on a range of products. Practice head, Chike Obianwu, focusses on capital markets where his expertise is primarily in international issuances. Zelda Akindele has a broad experience in fund formation, structuring, and administration in addition to project finance matters, while Desmond Ogba focuses on structured and corporate finance.

Practice head(s):

Chike Obianwu

Other key lawyers:

Zelda Akindele; Desmond Ogba; Modupe Dabiri; Obianuju Ifebunandu

Testimonials

‘Excellent practice knowledge.’

‘Zelda Akindele is a responsive and knowledgeable partner.’

‘Excellent service delivery.’

‘The lawyers, especially Zelda Akindele and Obianuju Ifebunadu, are unique in the level of attention they pay to our business needs.’

Key clients

Lagos Free Zone Company

IHS Towers

Coronation Merchant Bank Limited

Citigroup Global Markets Limited

JP Morgan Securities Plc

Renaissance Securities (Cyprus) Limited

Absa Bank Limited

Chapel Hill Denham Advisory Limited

Barclays Bank Plc,

Rand Merchant Bank

Firstrand Bank Limited

Standard Chartered Bank.

Access Bank

Stanbic IBTC Bank

Asset Management Corporation of Nigeria

Prime Oil & Gas B. V

Islamic Corporation for the Development of the Private Sector

Chapel Hill Denham Management Limited

Kuda Bank

Babban Gona Farmer Services Nigeria Limited

International Finance Corporation

NBK Capital Partners

Blueorchard Finance Ltd

Fidelity Bank

ARM Trustees Limited

Cardinal Stone Trustees Limited

United Capital Trustees Limited

Alpha Mead Development Company Limited

KBC Bank NV

ING Belgium NV/SA, The Mauritius Commercial Bank Limited and Société Belge d’Investissement International SA

Work highlights

  • Acted as Nigerian legal counsel to IHS and INT in the issuance of US$500,000,000 5.625% Senior notes due 2026, and US$500,000,000 6.250% Senior notes due 2028.
  • Advised the joint bookrunners on two back-to-back Eurobond issuances with a combined value of US$1 billion by Access Bank plc.
  • Advised Access Bank, Stanbic IBTC Bank, and the Asset Management Corporation of Nigeria in connection with the restructuring and refinancing of a US$500 million debt provided to the Geometric Power Group.

Udo Udoma & Belo-Osagie

Udo Udoma & Belo-Osagie advises on the full spectrum of financial matters, with high profile work in relation to real estate investment trusts, infrastructure financing, and bond and notes programmes. The firm remains active in a number of other sectors, servicing international clients in their financial mandates in energy, manufacturing, finance, TMT, and healthcare. Managing partner Aniekan Ukpanah has expertise in project financing across a variety of sectors, working alongside Daniel Agbor with his wide-ranging experience in banking, finance, and capital markets. Yinka Edu‘s broad expertise covers Islamic finance, capital markets, fintech, and regulatory matters, and is active alongside Onyinye Okafor in derivatives and structured finance.

Practice head(s):

Dan Agbor; Aniekan Ukpanah

Other key lawyers:

Yinka Edu; Nicholas Okafor; Adeola Sunmola; Joseph Eimunjeze; Onyinye Okafor; Lisa Esamah

Testimonials

‘Mrs. Yinka Edu is a seasoned lawyer with several years of legal practice. Her capital market knowledge is really commendable and this enabled her to lead the transaction seamlessly.’

‘Lisa Esamah is an enigma. I even call her “indefatigable Lisa”: she was never tired, she was always ready to help resolve any issue, her turnaround time was excellent, and she has an excellent mastery of capital markets.’

‘Their vast knowledge of corporate practice allows for the satisfaction of each client.’

‘The firm’s Banking and Finance practice is a key area of its specialization preferring solutions in acquisition finance, secured and unsecured facilitations, syndicated loans and project finance.’

‘Their dedication to work is commendable.’

‘Strong knowledge and understanding of the financial markets and environment in Nigeria.’

‘UUBO has good depth in their team and has given solid advice and guidance.’

UUBO is a top notch law firm with very professional and brilliant lawyers. They are well-versed in banking & finance, energy law, Islamic financing, capital markets etc. They are also good in proffering opinions on legal issues.

Key clients

British International Investment plc (formerly CDC Group plc)

Africa Finance Corporation

Standard Chartered Bank

Citigroup Global Markets Limited

JP Morgan

STL Trustees Limited

FBN Quest Trustees Limited

ABSA Bank Limited

Rand Merchant Bank Nigeria Limited

European Investment Bank

Jotna Nigeria Limited

Engee PET Manufacturing Company Nigeria Limited

Barak Fund SPC Limited

BUA Cement Plc

BUA Foods PLC

Seplat Energy Plc

MTN International (Mauritius) Limited

FBNQuest Trustees Limited, Apel Capital & Trust Limited

Flour Mills Nigeria PLC

Fundco Capital Managers Limited

International Breweries PLC

MTN Nigeria Communications PLC

Emzor Pharmaceutical Industries Limited

UAC of Nigeria PLC

Dufil Prima Foods PLC

FSDH Merchant Bank Limited

Edo State Government

Daraju Industries Funding SPV PLC

Mainstreet Microfinance Bank Limited

Babban Gona Farmer Services Limited

Quantum Zenith Asset Management & Investments Limited’s Zenith Dollar Fund

Quantum Zenith Asset Management & Investments Limited

FSDH Asset Management Limited (Coral Money Market Fund)

Presco Plc

Industrial and Medical Gases Nigeria Limited

Stanbic IBTC Bank PLC

Work highlights

  • Acted as Local Counsel to the joint Arrangers/Dealers in connection with the USD 4 billion Eurobond issued by the Federal Government of Nigeria through the Debt Management Office.
  • Advised the International Finance Corporation in connection with its sustainable loan of the Naira equivalent to USD 50 million to the Lagos State Government.
  • Advised Geometric Power Limited on the debt restructuring of a facility of USD 560 million.

AELEX

AELEX advises on a number of notable project finance mandates, specifically in the oil, gas, maritime, and aviation sectors. The firm provides more general advisory, regulatory, and compliance services for a number of international financial institutions, alongside an active capital markets practice with particular strengths in the agriculture, manufacturing, real estate, financial services, and venture capital spaces. Practice head Lawrence Fubara Anga advises on the full scope of financial issues that affect projects in the oil and gas, transport, telecoms, and financial services sectors; he is supported by Sina Sipasi, who is called on in relation to acquisition finance and syndicated lending, and Chinyerugo Ugoji who acts primarily in capital markets, working for private equity, development finance, and other multinational institutions.

Practice head(s):

Lawrence Fubara; Davidson Oturu

Other key lawyers:

Sina Sipasi; Chinyerugo Ugoji

Key clients

EMTS (Etisalat)

Keystone Bank

Nigerian Stock Exchange

Securities Solutions Limited

Emerging Markets Payment West Africa Limited

PayU Payments Nigeria Limited

Sentinel Exploration & Production Company Ltd

Vitol SA

African Development Bank

Debevoise Plimpton

Cedar Consortium

Ecobank Nigeria Limited

FBN Capital Limited

Dangote Cement Plc

AFEX Commodities Exchange

Callphone Limited

Clickatell Nigeria Limited

Grand Towers PLC

AFEX Investment Limited

Sproutpay Limited

Piggytech Global Limited

Eagle Global Markets

CSL Stockbrokers Limited

International Islamic Trade Finance Corporation

CSL Pay Limited

The Shecluded Company Limited

Abeg Technologies Limited

Money Africa

Luno Fintech Nigeria Limited

Work highlights

    Bloomfield LP

    Bloomfield LP advises on the full range of banking, finance, and capital market transactions, with a longstanding relationship with some of Nigeria’s most high-profile financial institutions and a developing presence in the Islamic finance and green bonds spaces. The team is active in a number of other sectors, bringing experience in a number of different sectors to the banking and finance work, including shipping, energy, and real estate. Adedoyin Afun co-heads the practice and has worked on a number of complex deals, with a more recent focus on Islamic Finance, while co-head Ayodele Oni works on regulatory, compliance, and project finance matters.

    Practice head(s):

    Adedoyin Afun; Ayodele Oni

    Other key lawyers:

    Ebele Ikpeoyi; John Sunday

    Testimonials

    The team is young, flexible, and operates with a quick turnaround time. The team has a vast knowledge about multiple areas of banking and capital markets.

    Collaborative, diverse, and possessing technical knowhow.

    Adedoyin Afun is highly intelligent and a good leader. Ebele Ikpeoyi and John Sunday were both resourceful and hardworking.’

    Key clients

    Niger Delta Exploration and Production Plc

    ND Refineries Limited

    Purple Capital Partners Limited

    Purple Real Estate Development Company Plc

    Niger Delta Petroleum Resources Limited

    Nova Merchant Bank Limited

    Glomobile Limited

    Africa Pits and Quarries Limited

    Capitaltrust Investment & Assets Management Limited

    Telford Offshore Group

    Conoil Producing Limited

    Westfield Subsea Limited

    Stanbic IBTC Bank Plc.

    OneWattSolar Limited

    God is Good Motors

    DLM Trust Company Limited

    Alagbaka Power Limited

    Work highlights

    • Acting as borrower’s counsel to ND Refineries Limited on the financing of a modular refinery and a sulphur hydrotreatment units situated in Ogbele.
    • Advising Glomobile Nigeria Limited in relation to the credit facility of Thirty Billion Naira to be provided by First Bank of Nigeria Limited.
    • Advised Stanbic IBTC Bank Limited regarding the provision of a Three Million, Two Hundred Thousand United States Dollars facility to Propetrol Limited.

    Jackson, Etti & Edu

    Jackson, Etti & Edu is active in structured, trade, acquisition, project, and commodities financing, working with borrowers and lenders across the infrastructure, oil and gas, manufacturing, and telecoms sectors. The firm is also active in the capital markets space where it provides services for the full scope of IPOs, bond issuances, and related transactions. Fola Olusanya heads the practice, broadening her expertise in financing matters with experience in restructuring facilities and working on broader commercial matters. Managing partner Koye Edu is also of note, working with a number of high-profile international financial institutions in the oil and gas, IT, manufacturing, and pharmaceutical sectors.

    Practice head(s):

    Folasade Olusanya

    Other key lawyers:

    Koye Edu

    Testimonials

    ‘The firm has a team of experienced lawyers that provide top notch service across several sectors and are very accessible.’

    ‘The partners and counsels are down to earth, smart, collegiate and business-oriented.’

    Key clients

    SFC Finance Limited

    Fidelity Bank Plc

    Stanbic IBTC Capital Limited

    Stanbic IBTC Infrastructure Fund

    Deutsche Bank AG

    Providus Bank Plc

    African Capital Alliance

    Standard Chartered Bank

    River Jamieson SPV Limited

    Global Accelerex

    SMBC Nikko Capital Markets Limited and SMBC Capital Markets, Inc.

    FCMB Capital Markets Limited

    Work highlights

    • Advised Stanbic IBTC Infrastructure Fund on the NGN 12 billion senior term loan facility to AP LPG Limited for the construction of a mixed liquefied petroleum gas storage terminal.
    • Advising FCMB Capital Markets Limited and a syndicate of lenders on a USD80 million facility to Thor Investments BVI Limited.
    • Advised Providus Bank Limited on its notes issuance programme with an aggregate value not exceeding US $50 million.

    Abdulai, Taiwo & Co

    Abdulai, Taiwo & Co is particularly active in the PPP/PFI space and is routinely involved in a number of significant infrastructure and utilities projects in the Nigerian market. Alayo Ogunbiyi heads the team, working in finance transactions that cover a range of sectors such as transport, infrastructure, and utilities, operating alongside Ladi Taiwo and Kunle Ayansola who primarily support on project finance, with a focus on infrastructure and energy mandates.

    Practice head(s):

    Alayo Ogunbiyi; Ladi Taiwo

    Other key lawyers:

    Kunle Ayansola

    Key clients

    Debt Management Office

    Federal Govt. of Nigeria

    African Development Bank

    Federal Mortgage Bank

    Stanbic IBTC Bank

    Shelter Afrique

    Presco Plc

    Emzor Pharmaceuticals

    Procter & Gamble Financial Services SARL

    International Finance Company

    Proparco Groupe Agence Francaise

    Clina-Lancet Laboratories

    UTL Trust & Security Services

    Ibadan Inland Dry Port SPV

    CRCC International Investments Group of Hong Kong

    Olokun-Pisces Ltd.

    Banarly Nigeria Ltd.

    FGN Roads Sukuk Company 1 Plc

    International Islamic Trade Finance Corpn.

    Work highlights

    • Advised Debt Management Office on the NGN 250 Billion Federal Govt. of Nigeria Sovereign Sukuk 2021 to finance building of roads and infrastructure.
    • Advised Presco Plc as bond sponsor on the NGN 50 Billion Multiple Series Corporate Bond.
    • Advised Debt Management Office on the NGN 200 Billion Federal Govt. of Nigeria Sovereign Sukuk 2022 to finance building of roads and infrastructure.

    Alliance Law Firm

    Alliance Law Firm works on a number of notable facility restructurings and bond issuances with a particular emphasis on the energy sector. The principal of the firm, Uche Val Obi, provides the team with broad expertise, as does Gabriel Onojason, whose general experience in banking and finance encompasses work in project finance, capital markets, and regulatory compliance. Albert Adu is also of note, working primarily in capital markets though with further expertise in fintech and regulatory issues.

    Practice head(s):

    Uche Val Obi

    Other key lawyers:

    Gabriel Onojason; Albert Adu; Blessing Choko

    Key clients

    First Bank of Nigeria Limited

    Keystone Bank Limited

    Fidelity Bank Limited

    Heritage Bank Limited

    Zenith Bank Limited

    Securities and Exchange Commission

    Ecobank Nigeria Limited

    Independent Electoral Commission

    Frontier Risk Management Plc

    Sterling Bank Limited

    Guaranty Trust Bank Plc

    Drilpet International Limited

    Uniterm Nigeria Limited

    First City Monument Bank Limited

    Conoil Limited

    Guinness Nigeria Plc

    Union Bank of Nigeria

    Okoti Enterprises Nigeria Limited

    B&Q Dredging Limited

    Nigeria Mortgage Refinance Company Plc

    Cesad Industries Limited

    Transnational Corporation of Nigeria Plc

    Naturalle Nigeria Limited

    Bokkir International Company Limited

    Al – Keziah Nigeria Limited

    InfraCredit Limited

    Vorian Corelli

    Transcorp Hotels Plc

    Independent Infrastructure Limited

    HEIRS HOLDING NIGERIA LIMITED

    CropIT Limited

    11 Plc

    Work highlights

    • Advised Amaranta on a transaction valued at $1,950,000,000 relating to the revamping of an OML to boost its production and enhance its capabilities.
    • Advised Nestoil on the US$1,236,000,000.00 global restructuring and refinancing of the Company.
    • Advised trustees on a deal involving the issuer raising capital through private placement of N10,500,000,000 at a fixed rate of 14% through a secured bond.

    Dentons ACAS-Law

    Dentons ACAS-Law utilises the global resources of the firm to provide a particularly strong service in cross-border financing transactions, with work of note in the fintech, energy, and public sectors. Felicia Kemi Segun heads the team, overseeing the full range of banking and finance services; he is supported by Chinedu Kema who represents clients on bilateral and syndicated lending, and Omolola Coker who advises in relation to investments in start-up technology and fintech companies. The team is supplemented by Ben Unaegbunam who brings his commercial and corporate experience to project finance transactions.

    Practice head(s):

    Felicia Kemi Segun; Ben Unaegbunam

    Other key lawyers:

    Chinedu Kema; Omolola Coker

    Key clients

    Sterling Bank

    Maersk Group

    Luminate Fund

    Africa Finance Corporation

    Deutsche Investitious-Und Entwickhingsgesselschaft MBH

    Travelex Retail Nigeria Limited and Travelex Business Solutions Limited

    Work highlights

    • Advising a syndicate of five lenders on the grant of a syndicated facility to Pan Ocean Oil Corporation Nigeria Limited for the construction of a hydrocarbon pipeline and the development of OML 147.
    • Providing legal advisory services to Travelex Retail Nigeria Limited and Travelex Business Solutions Nigeria Limited on the restructuring of the Travelex group.
    • Providing legal advisory services to FBNQuest Trustees Ltd who have been appointed as security trustee in connection with an 18 Billion Naira facility provided by Access Bank Plc and Sterling Bank Plc to Retail Supermarkets Nigeria Limited.

    Duale, Ovia & Alex-Adedipe

    Duale, Ovia & Alex-Adedipe advises in relation to financing matters across a range of industries, working on mandates in real estate, renewables, oil and gas, banking and financial services, TMT, and healthcare. Managing partner Adeleke Alex-Adedipe primarily works in banking and capital markets, with a focus on the TMT sector.

    Practice head(s):

    Adeleke Alex-Adedipe

    Key clients

    Lagos State Government

    Dorman Long Engineering Limited

    BMCE Bank International Plc

    Alinea Ventures Partner Limited

    Parthian Partners Limited

    Spontalis Ventures Partners Limited

    Drosk Company Limited

    Life Bank Technology and Logistics Services Limited

    Solad Integrated Power Solutions Limited

    Connected Analytics Limited

    Arca Payment Limited

    Reliance HMO Limited

    TeamApt

    Mono Technologies

    Prestige Insurance Plc

    Eczellon Capital Limited

    Coleman Technical Industries Limited

    Platform Capital Investment Partners Limited

    Rusumo Fund Managers Limited

    Zrosk Investment Management Limited

    Fluna Capital

    Work highlights

    • Advised the Lagos State Government on a N100,000,0000,000.00 syndicated debt financing for the Phase 1 of the Lagos State Redline Rail Project.
    • Advised the sponsors of Dorman Long Engineering Limited on the acquisition finance to participate in a Rights Issue by the company valued at $3,900,000.
    • Advised Duport Midstream Company on the incorporation of the Special Purpose Vehicle to operate Ekpat Field which falls within OML 67 operated by Mobil Oil.

    Olajide Oyewole LLP

    Olajide Oyewole LLP advises clients on the financing of some of a number of notable energy and infrastructure projects in Nigeria, many of the mandates having a central cross-border element. Practice head Dayo Idowo has a strong focus on the energy and infrastructure sectors, and brings his industry experience as an investment banker to the practice.

    Practice head(s):

    Dayo Idowu

    Testimonials

    ‘We have worked with the firm on various cross-border transactions and the firm is excellent at simplifying complex transactions without creating legal risk. Our impression of the team is that they are very approachable and are commercially minded. This has made it easy to work with them as counsel on various transactions.’

    ‘The primary lawyer we have dealt with is Dayo Idowu. Working with Dayo has helped in ensuring a seamless conclusion of the transactions, primarily as he is commercially focused and always strives to a find a mutually acceptable solution where legal issues arise.’

    Key clients

    Mainstream Energy Solutions Limited

    Oando Plc.

    Samsung Heavy Industries Nigeria Limited

    SHI-MCI Free Zone Enterprise

    Nigerian National Petroleum Company

    Shelter Afrique

    Lagos State Government

    Finnish Fund for Industrial Cooperation Limited

    Norwegian Investment Fund for Developing Countries

    Lekki Concession Company

    Mobile Power Limited

    Argentil Development Company Limited

    First Modular Gas Limited Systems Limited

    Argentil Capital Partners Limited

    BB Energy Nigeria Limited

    Quest Electricity Nigeria Limited

    Work highlights

    • Acted as the borrower’s counsel for a debt and equity investment in the development, operation and maintenance of a gas processing plant.
    • Advised Quest Electricity Nigeria Limited in respect of the acquisition of 60% shareholding in Yola Electricity Distribution Plc for N19,000,000,000.
    • Advised FINNFUND and Norfund in respect of a USD 20 million financing for a renewable energy project in Nigeria.