Firms To Watch: Commercial, corporate and M&A

Chief Rotimi Williams' Chambers‘ corporate practice is jointly led by Zevbokun Alade Williams and Cyril Anichukwueze. Other key practitioners include M&A and project finance expert Folarin Rotimi Williams and Alade Williams, who is very experienced in advising on corporate governance and corporate restructuring.

Commercial, corporate and M&A in Nigeria


With a solid track record in handling instructions from the oil and gas, infrastructure, and technology sectors, AELEX also acts for sizeable private equity funds as buyers and sellers. Well known for his tax expertise, practice head Theophilus Emuwa advises on corporate governance, M&A, and joint ventures. Chinyerugo Ugoji is experienced in handling share and asset acquisitions, and Onyinyechi Chima represents development finance institutions. Tiwalola Osazuwa handles foreign investment matters. Chioma Olibie  has left the firm.

Practice head(s):

Theophilus Emuwa

Other key lawyers:

Chinyerugo Ugoji; Tiwalola Osazuwa; Onyinyechi Chima; Peretimi Pere

Key clients


The Coca-Cola Company

Total Nigeria Plc

Oppenheimer Partners Limited

Justrite Limited


Kasada Albatross Holdings Limited


Development Partners International

Tiger Brands Limited


SAP Africa

KLM Line Maintenance International

The Rise Fund Management LLC (an affiliate of TPG Global LLC)


Shoprite Holdings

Chevron Nigeria Limited

Mobil Producing Nigeria Limited

Azura Power West Africa Limited

The Shell Petroleum Development Company of Nigeria Limited


AFEX Commodities Exchange Nigeria Limited

Adam Smith International

Interswitch Limited

British Telecommunications


Dangote Oil Refining Company Limited

Kedari Capital Limited

Reckitt Benckiser

De La Rue Commercial Services Limited

Lekoil Limited

SBM offshore

Grand Towers Limited

Seven-Up Bottling Company Plc

ALN Nigeria | Aluko & Oyebode

At ALN Nigeria | Aluko & Oyebode, the team has an excellent reputation for advising large corporations and foreign investors on commercial matters, and is well versed in handling oil and gas, insurance, and project finance matters. Kofo Dosekun brings experience in advising on foreign investment as well as project finance and transaction restructuring, while Olubunmi Fayokun handles energy and natural resources transactions. Olagoke Kuye and Michael Nwanneka are well versed in corporate governance matters. Oghogho Makinde and TMT expert Sumbo Akintola are also singled out for their contributions.

Practice head(s):

Kofo Dosekun; Olubunmi Fayokun; Oghogho Makinde; Sumbo Akintola

Other key lawyers:

Olagoke Kuye; Michael Nwanneka; Ayodeji Oyetunde, Timothy Ogele; Ajibola Asolo; Bukola Akinsulere


‘A&O stands out for its deep expertise. If a company needs clear guidance, a deep understanding of the local practices, and a fully involved team, this is the firm to contact.’

Key clients

Allianz S.E.

Access Bank Plc

Access Holdings Plc

Atom Consumer Services Limited (now Dot Ensure Limited)

Tangerine Life Insurance Limited

Schlumberger Nigeria Limited

Health 54


Work highlights

  • Advising Allianz SE on financial regulations and competition law aspects concerning a joint venture with Sanlam Limited.
  • Advised Access Holdings Plc on its acquisition of an indirect equity stake in Sigma Pensions Limited from Actis Golf B.V.
  • Advised Tangerine Life Insurance Limited on the sale of its annuity portfolio.

Banwo & Ighodalo

Banwo & Ighodalo‘s practice has a solid track record in acting for clients in the banking and financial services, education, manufacturing, and healthcare sectors. Asue Ighodalo and Ayotunde Owoigbe have extensive experience in transactional matters, and Femi Olubanwo and Isa Alade count corporate and project finance as key areas of strength. Toyin Bashir is adept at handling company formation and restructuring matters, while Azeezah Muse-Sadiq is well versed in advising on transactions in the banking space. Ayodele Adeyemi-Faboya represents development finance institutions and private equity firms, and Seyi Bella assists international banks and financial institutions with corporate and commercial work. Olumide Osundolire fields expertise in foreign investment matters.

Practice head(s):

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

Other key lawyers:

Mavis Abada; Tosin Oyebanjo; Ibiyemi Ajiboye


‘A top-notch M&A practice. It goes the extra mile.’

‘Excellent advice. The team understands what the client’s needs are.’

‘It provides advice that goes beyond pure legal assessments. A commercial mindset.’

Key clients

AAA Consortium Fund Managers

Payhippo Inc.

Africa Capital Alliance/Capital Alliance Nigeria Limited

Oando Plc

Ardova Plc

Flour Mills of Nigeria Plc

Access Holdings Plc

First Guarantee Pension Limited

XBTO Humla Ventures GP LLC

Luxaviation Group and Execujet South Africa (Pty) Limited

Work highlights

  • Advised Access Holdings and First Guarantee Pension in connection with the merger between the latter company and Sigma Pensions.
  • Advising Ardova Plc on a proposed scheme of arrangement relating to the company’s delisting from NGX.

G. Elias & Co

Led by corporate finance and private equity expert Segun Omoregie, G. Elias & Co's corporate team is active in the aviation, healthcare, oil and gas and infrastructure sectors. The group's workload includes M&A, foreign investment, tax issues, corporate restructurings and private equity matters. Fidelis Adewole is well versed in handling tax and restructuring matters in the corporate space, and Gbolahan Elias is highly regarded for his solid track record in advising on large-scale corporate transactions and M&A deals.

Practice head(s):

Segun Omoregie

Other key lawyers:

Gbolahan Elias; Fidelis Adewole; Lisa Onianwa; Ayodele Kadiri; Lolia Biobele-Georgewill; Oluwafunmilayo Mayowa


‘The team has a track record in providing reliable legal support to both local and international entities.’

‘Gbolahan Elias has the respect of his peers, which helps in difficult negotiations.’

Key clients

TGI and Titan Trust Bank Limited

Fund for Export Development in Africa

mPharma Africa B.V.

SWAP Technologies and Telecomms Ltd.

Massmart Holdings Limited

Ombrella Brokers Insurance Limited

Work highlights

  • Advised Titan Trust Bank Limited on the acquisition of a 93.41% equity stake in the Union Bank of Nigeria.
  • Advised mPharma B.V on its indirect acquisition of a majority stake in HealthPlus Group.
  • Advised Swap Technologies and Telecomms Plc on its merger with Pan African Towers Ltd.

Olaniwun Ajayi LP

The ‘responsive and easily accessible' team at Olaniwun Ajayi LP has a particularly strong offering in corporate restructurings. The practice is jointly led by Olayimika Phillips, Jonathan Aluju, and M&A expert Anu Balogun. Wolemi Esan brings expertise in corporate finance, and Olaniran Osotuyi is well versed in advising on regulatory issues. Other notable lawyers with experience in the corporate and commercial space are Comfort Agboola and Oluwaseyi Alao, who are very experienced in handling private equity matters.

Practice head(s):

Anu Balogun; Olayimika Phillips; Jonathan Aluju

Other key lawyers:

Wolemi Esan; Olaniran Osotuyi; Comfort Agboola; Oluwaseyi Alao; Damilola Salawu


‘Olaniwun Ajayi LP is very robust. The team offers intelligent opinions and comes up with creative and practical solutions.’

‘Very responsive and easily accessible.’

‘Solution-driven with a strong team of advisers.’

‘The team’s attention to detail makes them stand out. The individuals in the team were in touch almost every day to resolve issues.’

‘In-depth knowledge of both the Nigerian and UK law systems, with a very pragmatic approach to getting the deal done.’

‘The lawyers are very global in their perspective.’

Key clients

AfricInvest Anglophone West Africa

Suntory Beverage and Food Asia Pte Limited

First Pension Custodian Nigeria Limited

Kasada GP Limited

Sprint Technology Solutions Limited

Nigerian National Petroleum Company Limited

Rack Centre Limited

Moody’s Group Cyprus Limited

Sunbeth Global Concepts Limited


Templars is highly regarded for its strength in M&A, and regularly represents clients in the financial services, fast-moving consumer goods and oil and gas sectors. Chike Obianwu has strong capabilities in financing matters, and Olumide Akpata advises local and international corporations on corporate compliance, governance, and restructuring issues. Ijeoma Uju advises multinational clients on foreign investment matters. Inam Wilson and Obianuju Ifebunandu are also singled out for their contributions.

Practice head(s):

Olumide Akpata; Chike Obianwu; Inam Wilson; Ijeoma Uju

Other key lawyers:

Obianuju Ifebunandu; Zelda Akindele; Desmond Ogba; Oghomwen Akpaibor; Adenike Oyeledun


‘The team has great depth and versatility and has been at the forefront of some of the most major deals in Nigeria.’

‘The partners are hands-on and involved and do not defer work to hierarchical bureaucracies.’

‘Superb client service, attention to detail, and superior knowledge and command of the law.’

Key clients

Actis West Africa Income Manager

General Electric

Walmart Incorporated

American Towers Corporation

Alphabet Inc. (Google)

Venture Garden Group

Backbone Connectivity Network Limited

Brompton Industries Pte Limited

Fidelity Bank Plc


Kantar Group Holdings Limited

Sika AG

Fidelity Bank Plc

Tower Power Utilities Limited

Emerson Group

Petralon Energy Limited

Work highlights

  • Advising Actis on a potential acquisition of a 50% stake in Gruppo Investment Nigeria Limited.
  • Advised Backbone Connectivity Network Limited (BCN) on its acquisition of Cloud Exchange West Africa Nigeria Limited.
  • Advising MasterCard in connection with its US$200 million equity investment in MTN’s fintech business.

Udo Udoma & Belo-Osagie

The corporate practice at Udo Udoma & Belo-Osagie has an excellent reputation for its strength in private equity, and is also well regarded for its expertise in advising on acquisitions and disposals, corporate restructuring, and joint ventures. Daniel Agbor is well known for his experience in corporate transactional work, Jumoke Lambo specializes in foreign investment, and Folake Elias-Adebowale is experienced in advising on disposals and joint ventures. Other notable lawyers with experience in the corporate and commercial space are Yinka Edu and Ozofu Ogiemudia.

Practice head(s):

Daniel Agbor; Jumoke Lambo; Folake Elias-Adebowale; Yinka Edu; Ozofu Ogiemudia

Other key lawyers:

Tobechi Nwokocha; Aanuoluwapo Odunaike; Joseph Eimunjeze; Damilola Adedoyin; Itorobong Udom


‘Udo Udoma & Belo Osagie is very professional and is able to guide clients through complex transactions.’

‘Ozofu Ogiemudia stands out as one of the brightest lawyers I have ever worked with. It’s always a pleasure to work with her and her team.’

Key clients

Actis West Africa Real Estate Investment Fund LP

Tiger Brands Limited

African Capital Alliance

BioNTech SE

B Capital Global Growth Fund III L.P

GlaxoSmithKline Consumer Nigeria PLC

Capricorn Digital Limited

Union Global Partners Limited

SB Investment Advisers (UK) Limited

Aruwa Capital Management

Phatisa Food Fund 2

OMH Optimum Maritime Holdings Ltd/Advokatfirmaet Wiersholm AS

Seplat Energy Plc

Work highlights

  • Advising Seplat Energy Plc on the Nigerian law aspects of the client’s proposed acquisition of a 100% stake in two holding companies.
  • Advised OSM and Thome Group on their $33,750,000 global business combination, resulting in the creation of OSM Thome Ship Management.
  • Advised BioNTech SE on the acquisition of global technology company Instadeep.

Bloomfield LP

With an excellent track record in handling joint ventures for clients in a broad range of sectors, Bloomfield LP's practice is equally strong in handling corporate restructurings and transactional matters; Adedoyin Afun and Adebisi Lamidi have solid expertise in these areas. Ayodele Oni is active in the oil and gas and power sectors, and advises international clients on their entry into the Nigerian market. Ebele Folorunsho focuses on foreign investment and private equity matters.

Practice head(s):

Adedoyin Afun; Ayodele Oni

Other key lawyers:

Adebisi Lamidi; Ebele Folorunsho

Key clients

Optimera Energy LFZ Enterprise

Belbop Nigeria Limited

Globacom Limited

Capitaltrust Investments & Assets Management Limited

Sea Transport Services Nigeria Limited

Tetracore Energy Limited

Harbour Point Marine and Energy Limited (“Harbour Point”)

Expand Exploration & Production (Nigeria) Limited

Enaro Energy Limited


TVPX Aircraft Solutions Inc

Flying Bull Aviation Limited

NNPC Gas Marketing Limited

B.K Green Real Estate Limited

Purple Real Estate Income Plc

Work highlights

  • Advising Conoil Producing Limited on its crude oil trading contract.
  • Advised STAC Marine Offshore Limited on the proposed acquisition of the ABO FPSO vessel from BWO Abo Pte Ltd.

Dentons ACAS-Law

Dentons ACAS-Law's practice counts corporate finance and commercial transactions as key areas of strength, and the client roster includes government entities and domestic and foreign investors. Sola Adepetun has extensive knowledge of corporate structurings and restructurings, as well as M&A, and is often active in the oil and gas sector. Felicia Kemi Segun and Taiwo Afonja are sought after for their expertise in handling acquisitions, joint ventures, and disposals in the energy sector, and Sanford Mba advises borrowers and lenders on facility agreements. Afolabi Caxton-Martins handles cross-border corporate finance transactions and private M&A. Olujimi Bucknor is a key contact for foreign investors, and is particularly noted for his expertise in real estate transactions. Ben Unaegbunam is a key name to note.

Practice head(s):

Sola Adepetun; Afolabi Caxton-Martins; Felicia Kemi Segun; Taiwo Afonja; Ben Unaegbunam

Other key lawyers:

Olujimi Bucknor; Sanford Mba; Chinedu Kema; Adeleke Alao; Oluwakemi Oyebode; Ibiwunmi Adeyeri


‘The team is well-resourced. It has the capability to provide very effective legal support in important transactions. The legal opinions are also thoroughly researched and packaged in excellent prose.’

‘The corporate commercial team is made up of dynamic lawyers with diverse experience and expertise. The team’s commercially minded approach to legal issues has assisted our business in navigating routine and complex legal matters that arise from time to time.’

‘The team’s ability to efficiently utilize technology to reduce turnaround time has added significant value to our business.’

Abdulai, Taiwo & Co

Ladi Taiwo and Alayo Ogunbiyi co-lead Abdulai, Taiwo & Co's corporate team, which garners praise for its 'vast expertise in dealing with complicated matters' and is regularly instructed in domestic and international M&A mandates. Seyi Adebayo is a key contact for corporate regulatory matters, and Roselyn Alalade is active in the M&A space.

Practice head(s):

Ladi Taiwo; Alayo Ogunbiyi

Other key lawyers:

Seyi Adebayo; Roselyn Alalade; Fisayo Tifase


‘Abdulai, Taiwo & Co’s Commercial, Corporate, and M&A team has vast expertise in dealing with complicated matters especially while navigating the socio-economic issues on the ground in Nigeria.’

‘The team provides practical solutions.’

‘Alayo Ogunbiyi provided excellent legal services by giving practical solutions as opposed to textbook answers. The team is always a phone call away and have availed themselves whenever we’ve had a crisis on the ground.’

Key clients

Movenpick Ikoyi Hotel

Pernix Federal, Inc.

Central Electric and Utilities Ltd

China Energy Engineering Co. Ltd

The Procter and Gamble Co.

Presco Plc

Bureau of Public Enterprises

National Council on Privatisation

Betts India Private Ltd. (Albea)

CRCC Construction Company Ltd.

Coca-Cola Nigeria Ltd.

Banarly Nigeria Ltd.

Clina-Lancet Laboratories Ltd.

Shenzhen Mindray Bio-Medical Electronics Ltd.

CRCC International Investments Group Ltd.

Solar Sisters, Entrepreneur Ltd. Gte.

Lloyds Register EMEA Ltd. Gte

Siat N.V.

Work highlights

  • Advising Central Electric and Utilities + China Energy Engineering Company Ltd on an acquisition bid for the Olorunsogo II Power Plant and Benin (Ihovbor) Generation from the Nigerian government.
  • Advising a client on the acquisition of a majority stake in Ikoyi Hotel, via a cross-border transaction.

DealHQ Partners

DealHQ Partners’ expertise includes corporate restructuring and M&A matters. Tosin Ajose fields experience in handling a broad range of transactions for clients in the real estate and construction, financial, and technology sectors. Izuchukwu Ubadinma is well versed in advising on private equity work. Tolulope Egbochue is a notable lawyer.

Practice head(s):

Tosin Ajose; Izuchukwu Ubadinma

Other key lawyers:

Tolulope Egbochue

Key clients

CFG Africa Limited

AP Renewables

KSDL Development Resources Limited

Meristem Wealth Management Limited

FSL Asset Management Limited

Laborhack Limited

African Pits and Quarries Limited

Team 33

Fig Finance

Optima Energy Resources Limited

FlyforValue Aviation Limited

Crowdy Vest Limited

C24 Limited

Yes Microfinance Bank

Bloom Buddy Limited

Ardova Plc

FCMB Asset Management Limited

Infracredit Limited

Work highlights

  • Advised AP Renewables on a joint venture for the implementation of “power as a service” renewable energy projects.
  • Advised Bloom Buddy Limited on the establishment of an health technology company in Nigeria and other countries.

Duale, Ovia & Alex-Adedipe

Duale, Ovia & Alex-Adedipe is active in the construction, healthcare, oil and gas, renewables, and transport sectors. Adeleke Alex-Adedipe fields experience in M&A, and Sodeek Oluwatobi Oyedeji has extensive knowledge of tax and venture capital matters. Adeniyi Duale handles disposals, equity and debt matters, and private equity work. Oluwaseye Ayinla is a key name in the group.

Practice head(s):

Adeleke Alex-Adedipe; Adeniyi Duale; Oluwaseye Ayinla

Other key lawyers:

Sodeek Oluwatobi Oyedeji

Key clients

InstaDeep Limited

Reliance Health Inc

Arca Payments Company Limited

Drosk Company Limited

Duport Midstream

Dorman Long Engineering Limited

Alitheia IDF Fund

Work highlights

  • Acted as Nigerian counsel to InstaDeep concerning its purchase by BioNTech.
  • Acted as Nigerian counsel to Reliance Health on its $40,000,000 Series B funding round.
  • Assisted with a $20,000,000 investment by Nobel Financial Services Limited for ARCA Payments Company Limited.

Jackson, Etti & Edu

The team at Jackson, Etti & Edu has notable strength in M&A, finance and private equity, and is regularly instructed by prominent corporations and government entities. Taiwo Adeshina is an expert in oil and gas matters, commercial agreements, PPP transactions, and project finance. Adekunle Soyibo advises on private equity and M&A matters in the banking, insurance, and manufacturing sectors, and Folasade Olusanya acts for developers and development finance institutions. Benjamin Amans and Richmond Idaeho are key names to note.

Practice head(s):

Taiwo Adeshina; Adekunle Soyibo

Other key lawyers:

Benjamin Amans; Folasade Olusanya; Richmond Idaeho; Koye Edu; Ngozi Aderibigbe; Yeye Nwidaa; Okey Nnebedum

Key clients

Africa Steel Mills (Nigeria) Limited

PZ Wilmar Limited

Providus Bank PLC

Global Accelerex

Project Atlantic

River Jamieson SPV Limited

Tana Africa Capital

Olajide Oyewole LLP

Olajide Oyewole LLP has a strong track record in corporate restructuring, M&A, private equity, and venture capital matters, and is also noted for advising on corporate governance issues. With over two decades of experience in the arena, Samuel Salako regularly acts on corporate finance and acquisition mandates. Olufunke Fawehinmi is active in restructuring work, joint ventures, and domestic and international transactions. Bola Tinubu and Dayo Idowu are key figures in the practice.

Practice head(s):

Bola Tinubu; Samuel Salako; Dayo Idowu; Olufunke Fawehinmi


‘Olajide Oyewole LLP has provided legal and corporate services to our organisation with the highest level of professionalism.’

‘The team is very knowledgeable and adept in handling commercial matters.’

‘Timeliness and a wealth of experience.’

‘The quality and depth of knowledge from the partners and their uncompromising approach to rigour makes the team stand out.’

‘There is congruence in every aspect of the firm.’

‘The people we work with have displayed a thorough understanding of relevant subject matters, offering quality advice at all times.’

‘Olufunke Fawehinmi has been exceptional in providing the highest level of service to our organisation.’

Key clients

Mastercard Foundation

Palmpay Limited

Yamaha Motor Company Limited

The Baobab Network

Remote Medical International

Mitsubishi Power Europe Limited

Chemonics International

Halliburton Energy Services Nigeria Limited

Mainstream Energy Solutions Limited

General Electric

Marriott International Inc.

IMC Limited

Foodco Nigeria Limited

Rite Foods Limited

Rex Forestry Limited

Broll Property Services Limited

Unilever Nigeria Plc

Oando Plc

Argentil Capital partners Limited

aYo Holdings Limited

Binance Holdings Limited

Transsnet Financial Services Limited

Puma Energy Limited

Continental Broadcasting Services Limited

DHL International Nigeria Limited

Tecnimont Nigeria Limited

TGS-Petrodata Offshore Services Limited

Boulos Enterprise Limited

Samsung Heavy Industries Nigeria Limited

Oando Plc

The Company for Habitat and Housing in Africa (Shelter Afrique)

Mainstream Energy Solutions Limited

Mitsubishi Power Europe Limited

Argentil Capital Partners Limited

Powergas Nigeria Limited

Mobile Power Limited

BB Energy Nigeria Limited

First Modular Gas Systems Limited

Lekki Concession Company

Finnish Fund for Industrial Cooperation Limited

Norwegian Investment Fund for developing countries

Shell Plc

Nigerian National Petroleum Company Limited

Lagos State Government

Future Energies Africa Ltd

Lagata Group

Starsight Group

Work highlights

  • Advised IMC Limited on a 100% equity divestment in IMC Plantation to Oakenshields and Partners Limited.
  • Advised the Baobab Network Limited on its $25,000,000 equity investment in Oval Interactive Inc.
  • Advised IDP Education on the acquisition of a 100% equity stake in Intake Education Pte Ltd and its subsidiaries, valued at A$83 million.

The New Practice (TNP)

The ‘responsive and proactive’ team at The New Practice (TNP) advises clients on a broad spectrum of transactional matters. Baba Alokolaro stands out as 'a consummate professional’; Bukola Bankole’s practice includes corporate finance, M&A and private equity work. Sam Esuga brings experience in project finance and tax issues.

Practice head(s):

Baba Alokolaro; Bukola Bankole

Other key lawyers:

Sam Esuga; Temitope Sowunmi


‘Baba Alokolaro is a stand-out! He is a consummate professional and distinguishes himself by the quality of discourse with our board.’

‘Bukola and Baba each distinguish themselves through their agility, personalisation, and future-ready approach.’

‘The firm is collaborative and so team members are always on top of client matters. It is professional in its approach and anticipatory of our demands. The New Practice is nimble, responsive, proactive and displays a deep knowledge of the subject matter.’

‘TNP brings a fresh approach that aligns with the unique demands of contemporary businesses and investors in Nigeria, particularly from a venture capital perspective.’

‘TNP has established a forward-thinking focus on servicing start-ups and, innovators, catering to the unique needs of young businesses.’

Key clients

MFS Africa Limited

Microsoft Nigeria Limited

Flour Mills of Nigeria Plc

Nigerian Bottling Company

Capricorn Digital Limited

VFD Group

Paystack Payments Limited

Pagatech Limited

Nature’s Bounty Health Products Limited

Work highlights

  • Advised Flour Mills Group on a Scheme of Merger involving 13 different entities.
  • Advised Microsoft Group on the internal reorganisation of its Nigerian entities.
  • Advised Capricorn Digital Limited on the proposed acquisition of a Micro-Finance Bank.