Nigeria

Abdulai Taiwo & Co is a full-service Nigerian firm in founded in 1976 that now has offices in Abuja and Lagos.

Focusses / specialisms

The firm has a particular specialism in debt and equity capital markets and project finance work but is also very active in banking, M&A and infrastructure projects.

Key clients

The firm has developed strong relationships in the banking sector and works regularly with the African Development Bank, one of the first firms to do so. Other banking clients include The Infrastructure Bank, Federal Mortgage Bank of Nigeria, Shelter Afrique, and Stanbic IBTC Bank.  

In capital markets the firm has connections with National agencies, the State government, Capital Express Assets and Trust, and Mutual Benefit, Presco, Emzor Pharmaceuticals, Federal Mortgage Bank of Nigeria, UTL Trust Services, FBN Quest Merchant Bank, and Guinea Insurance among others.

In M&A it works with the National Council on Privatisations, Afam Power, Nitel, Proctor & Gamble, Lancet Services, Coca-Cola, and Michelin Tyre among others.

In project development the firm has bonds with African Refinery Port Harcourt, CRCC Construction, the Federal Ministry of Aviation, Marina Express Train Services, and Goldtrust.

In project finance the firm has relationships with CEXIM, CRCC International Investments Group, and Siat Nigeria among others.

Research period review: 33rd edition (2023/2024)

During the research period, the firm was active in banking, debt capital markets, equity capital markets, M&A, project development and project finance.

In banking the firm's work focused on acquisition, asset, real estate, and trade financings for clients connected with the financial services, banking and maritime sectors.

In debt capital markets the firm worked on bond and sukuk issues for issuers and sponsors.

In equity capital markets the firm worked on secondary share offerings and IPO for clients linked to insurance and investment management sectors.

In M&A the firm worked on acquisitions, financial investments, and joint ventures for clients connected with a wide array of sectors including agriculture, tourism, energy, and healthcare.

In project development the firm worked on projects for clients in the energy, construction, transport, and public sectors.

In project finance the firm worked on financings for mainly sponsors linked with the life science, oil and gas and transportation sectors.

Deal highlights: 33rd edition (2023/2024)

Clina-Lancet Laboratories €15 million financing

Emzor Pharmaceuticals N50 billion bond issue

Federal Government of Nigeria N130 billion sovereign sukuk issue

Federal Government of Nigeria N250 billion sovereign sukuk issue

Ibadan Inland Dry Port PPP project

Presco $38 million acquisition of Siat Nigeria

Southern Sun Ikoyi Hotel $12.8 million refinancing

Advocaat Law Practice is a full-service commercial firm founded in 2005. The firm is based in Lagos and has grown to have four partners and eight associates.

Focusses / specialisms

The firm has a particular focus on project finance, energy projects and M&A transactions. The firm is a specialist in working with telecommunications connected clients.

Key clients

Key clients of the firm include Deltacom Group West Africa, Corridor Communications, Globeleq Power Solutions Nigeria, Union Bank, FBN Bank, FBN Bank Merchant Bank, First City Monument Bank, FCMB Financing, Gankco Energy Services, Powergas Africa, Tower Power Utility, Ibadan Electricity Distribution Company, Ikeja Electricity Distribution, Cummins Power Generation, Kunoch, Unique Grains and Foods, Airband Wireless, Tower Power Utility, and Powergas Africa.

Research period review: 33rd edition (2023/2024)

During the research period, the firm was active in banking, M&A, project development and project finance.

In banking the firm worked on loans and financings for mainly lenders in the banking sector.

In M&A the firm worked on acquisitions for mainly acquirers across wide spectrum of sectors including energy, pharmaceuticals, technology, and food and beverage.

In project development the firm worked on projects for clients connected to the energy, infrastructure, and technology & telecommunications sectors.

In project finance the firm worked on financings for clients in the banking sector.

Deal highlights: 33rd edition (2023/2024)

Unique Grains and Food acquisition of Gossy Warm Spring water

One of the biggest firms in Nigeria, full-service outfit AELEX was founded near the turn of the millennium by a four-way merger. It has offices in Lagos, Port Harcourt, and Abuja in Nigeria, as well as an office in Accra Ghana. 

Focusses / specialisms

The firm advises on financing and is competent in the capital markets space with experience in IPOs, Eurobonds, derivatives and rights issues. It also acts as counsel on large infrastructure projects in Nigeria. A regular stream of its mandates come from foreign clients looking to invest directly into Nigeria.

A core practice for the firm is energy and infrastructure where the firm acts as counsel to major players in the oil and gas sector. The firm is prominent on the corporate side of oil and gas work and often works on farm-ins, farm-outs and M&A involving the industry.  

Key clients

The firm has developed strong relationships within the banking practice with FBNQuest Merchant Bank, Export-Import Bank of the United States, African Export-import Bank, EMTS, Keystone Bank, Nigerian Stock Exchange, Securities Solutions, Emerging Markets Payment West Africa, PayU Payments Nigeria, Sentinel Exploration & Production, Vitol, African Development Bank, Cedar Consortium, Ecobank Nigeria, FBN Capital, and Dangote Cement. 

In capital markets the firm has connections with Food Concepts, Stanbic IBTC, Securities Solutions, Coca-Cola, 7UP Bottling Company, and Securities Exchange Commission. 

In M&A the firm has ties to Google, Helios Investment Partners, Petrobras, Nampack Nigeria, SAP Africa, KLM Line Maintenance International, Lufthansa, Shoprite Holdings, Chevron Nigeria, Mobil Producing Nigeria, Azura Power West Africa, The Shell Petroleum Company of Nigeria, CNOOC E&P, and Beacon Power Services Nigeria.

In project development the firm has relationships with All Grace Energy Nigeria, ADDAX Petroleum, Benue Minerals, Shelf Drilling, Nagarjuna Fertilizer and Chemicals Nigeria, Blue Power Energy, Modandola Group, SDP Services, and Rusal Aluminium Smelting Company of Nigeria. 

In project finance the firm has developed bonds with Global Telecommunications Company, Africa Finance Corporation, PetroMetrics, Gigagas, Honeywell Group, SacOil Nigeria, SDP Services, APR Energy, and Van Oord Dredging & Marine Contractors.

Research period review: 33rd edition (2023/2024)

During the research period, the firm was active in banking, debt capital markets, M&A, project development and project finance.

In banking the firm worked on project, acquisition, trade, debtor, and Islamic financings and refinancings for clients linked to the banking, oil and gas, power, and infrastructure sectors.

In debt capital markets the firm worked on bond issuances and asset backed commercial papers for clients linked to financial services, infrastructure, and consumer goods.

In M&A the firm worked on acquisitions, divestments and joint ventures for clients linked to diverse industry sectors but active in the financial services, banking, and technology sectors.

In project development the firm worked on projects for clients connected to banking, oil and gas and power sectors.

In project finance the firm worked on financings for clients linked to the oil and gas, power, and banking sectors.

Deal highlights: 33rd edition (2023/2024)

Kasada Albatross Holdings $30.3 million acquisition of SS Ikoyi Holdings

Ajumogobia & Okeke is a full-service commercial firm founded in 1984. The firm has three offices in Lagos, Port-Harcourt, and Abuja.

Focusses / specialisms

The firm is particularly strong in banking and project finance but is also active in capital markets debt and equity, M&A and project development with a focus on domestic transactions.

Key clients

The firm’s clients include Mobil Producing Nigeria Unlimited, Saipem Contracting Nigeria, Oracle Software Nigeria, British Council Nigeria, British High Commission, Standard Chartered Bank Nigeria, CIG Motors Company, Jordana Cosmetics Corporation, Nigeria LNG, Guinness Nigeria, Seven-Up Bottling Company, Asset Management Corporation of Nigeria, Philip Morris International, Amarante Security Nigeria Limited, Asseco Software Nigeria, and Africa Reinsurance Corporation Nigeria.

Research period review: 33rd edition (2023/2024)

During the research period the firm was active in the debt and equity capital market, M&A, and project development practice areas.

In debt capital markets the firm worked on bond and commercial paper issuances for clients in the energy sector.

In equity capital markets the firm advised on a private placement deal.

In M&A work focused on a divestment deal for a client in the consumer goods and services sector.

In project development the firm advised on infrastructure and energy projects for clients in the automotive and mining sectors.

Deal highlights: 33rd edition (2023/2024)

A-Z Petroleum Products Manufacturing & Marketing $45 million note issue

Global Spectrum Energy Services $45million bond issue

Alliance Law Firm is a Nigerian law firm established in 2002 by Uche Val Obi, SAN and Olusoji Toki. The firm has offices in Lagos, Abuja and Port Harcourt. 

Focusses / specialisms 

The firm has a focus on debt and equity capital markets work. 

Key clients 

Key clients of the firm include Emerging Market Telecommunications Services, Nestoil, Neconde Energy, United Capital Trustees, NCNR and Transcorp Hotel. 

Research period review: 33rd edition (2023/2024)

During the research period, the firm was active in banking and debt capital markets. 

In banking the firm advised on financing and refinancing deals mostly linked to the oil and gas and insurance sectors but also visible in the government and public policy, construction and materials, and energy sectors.

In debt capital markets the firm worked on bond and sukuk issues for clients connected with financial services, government and energy sectors.  

Deal highlights: 33rd edition (2023/2024)

Amaranta Oil and Gas Development $1.95 billion financing

Lagos State Government of Nigeria N20 billion sukuk issue

Neconde Energy $640 million refinancing

Aluko & Oyebode is a full-service corporate law firm in Nigeria. The firm was founded in 1993 and has grown to have over 80 attorneys and offices in Lagos, Abuja, and Port Harcourt. 

Focusses / specialisms 

The firm has a very strong practice in every ranked area in Nigeria, achieving top tier status across all of them. 

Key clients 

The firm has developed strong relationships within the banking and finance industry, specifically with MTN Nigeria Communications, Bank of Baroda, Standard Chartered Bank, FirstRand Bank, Ecobank Nigeria, Absa Bank, Citibank, Goldman Sachs, and JP Morgan.  

In capital markets the firm has connections with Consolidated Receipts Management, FCMB Asset Management, Rand Merchant Bank, Africa Finance Corporation, Access Bank, Coronation Merchant Bank, the Nigerian Stock Exchange, MTN Group, Allianz Nigeria Insurance, and Lekoil.  

In M&A the firm has developed bonds with Access Corporation, Allianz Crown, Flour Mills, Petrobras International Braspetro, Metropolitan International Holdings, and Lafarge Africa.  

In project development the firm has relationships with Africa Infra Plus Fund, China Development Bank, Shelter Afrique, Powerchina Huadong Engineering Corporation, and International Flavors & Fragrances.  

In project finance it has connections with Petrogap Oil and Gas, Africa Infra Plus Fund, Guaranty Trust Bank, Stanbic IBTC, Guaranty Trust Bank, First City Monument Bank, and Polaris Bank. 

Research period review: 33rd edition (2023/2024)

During the research period, the firm was active in banking, debt and equity capital markets, M&A, project development, and project finance. 

In banking the firm worked on financings and refinancings for mainly lenders connected with the banking and financial services sectors. 

In debt capital markets the firm worked on bond and note issues mainly for issuers in the banking, financial services, technology and telecommunications, and oil and gas sectors. 

In equity capital markets the firm worked on secondary share offerings such as private placement and rights issue for issuers linked to the banking and construction and materials sectors. 

In M&A the firm worked on corporate restructurings, mergers, joint ventures, acquisitions, and divestments for clients linked to the financial services, insurance, healthcare, and energy sectors. 

In project development the firm worked on both power and infrastructure projects for clients in the construction and materials, banking, industrials and manufacturing, telecommunications, and infrastructure sectors.

In project finance the firm advised mainly lenders connected with the financial services and real estate sectors. 

Deal highlights: 33rd edition (2023/2024)

Access Bank $700 million financing

Access Holdings N564 billion indirect acquisition of Sigma Pensions

Africa Finance Corporation €100 million financing

Atom Consumer Services N437 million acquisition of Royal Exchange Healthcare

Bank of Industry €1 billion financing

Coronation Merchant Bank N100 billion note issue

Sundry Foods N10 billion note issue

The Company for Habitat and Housing in Africa (Shelter Afrique) N200 billion bond issue

Client Feedback: 33rd edition (2023/2024)

Banking

“Their qualities included availability and their expertise on banking transaction.”

“Very good, strong knowledge of Nigerian law.”

“Right from the very top of the firm, you see a firm committed to the client's work. While it remains a thriving firm, they will never prioritise money over the work. Eventually, you are left with no choice but to give them their full dues for the excellent work done.”

Capital markets : Debt

“They worked as solicitors to a few Commercial Paper mandates and worked as solicitors to the Issue on a few bond transactions in the past few years.”

M&A

“They are very knowledgeable and practically hold your hand through the different stages of the transaction; they always stick to and deliver even with very strict timelines and deadlines; they are always available to jump on calls even with very little notice; they are very accommodating and are just as invested in seeing the transaction to a successful close.”

Project finance

“Very professional, courteous and they work very well with international counsel.”

Ajibola Asolo

“Brilliant legal mind, client-focused, diligent and attentive to detail.”

Kofo Dosekun

“Easily the most experienced female banking and finance partner in Nigeria. Whether she is on your side or on the opposite side, all you see is a lawyer working to ensure the deal closes in a manner that is commercially sensible. A solid stateswoman!”

Kareemat Ijaiya

“Very positive attitude. Always willing to help. Very professional and approachable.”

Ayomide Ogunsesan

“Efficient, reliable, problem-solving, good communication, prompt, accessible and reachable, and very knowledgeable.”

Funmilayo Otsemobor

“An industry expert, responsive and brilliant.”

“Very good.”

Ayodeji Oyetunde

“Availability, quick feedback and expertise on market.”

“He is approachable, reliable and an excellent, well-rounded lawyer.”

“He is a pleasure to work with, very skilled and knowledgeable.”

Oludare Senbore

“Oludare offers availability and expertise.”

“Dare loves his work and looks for creative solutions to navigate issues. A leading partner!”

Reginald Udom

“Excellent lawyer and good communicator. He works brilliantly with international counsel and is focused on client success.”

ALP NG & Co (ALP) is a full-service law firm based in Nigeria.  The firm is associated with ALP International.  The firm handles domestic and international clients from its offices in Abuja and Lagos. 

Focusses / specialisms

The firm advises on deals across sectors, including financial services, infrastructure, natural resources, policy, and technology. It engages in transactions within the banking, capital markets, mergers & acquisitions, project development, and project finance practice areas.

Key clients

The firm has developed strong relationships within the banking practice with Lagos State Government and the Nigerian Export Import Bank.  In project development ALP has developed connections with South Energyx Nigeria Limited, Rural Electrification Agency, Ogun State Government, Genco Atlantic Power Company, Eko Utilities Nigeria, and Nigerian National Petroleum Corporation.

Research period review: 33rd edition (2023/2024)

During the research period ALP was active on debt capital markets, M&A, and project development.

In debt capital markets the firm was active advising Issuers and Trustees on bond and sukuk issuances connected to the banking, real estate, and infrastructure sectors.

In M&A the firm advised on an acquisition deal for a client in the banking sector.

In project development ALP advised project developers in the energy and infrastructure sectors.

Deal highlights: 33rd edition (2023/2024)

Eko Atlantic City project

Rural Electrification Agency US$ 330 million project financing

Banwo & Ighodalo is a corporate and finance law firm in Nigeria. It was established in 1991 and has grown to comprise over 90 lawyers.

Focusses / specialisms

The firm has a strong practice across all ranked practice areas achieving tier 1 in banking, debt and equity capital markets, M&A, energy and infrastructure project developments and project finance. The firm has a particular specialism in working with clients connected to financial services on a range of deals.

Key clients

In banking the firm has developed relationships with Access Holdings, Stanbic IBTC Bank, Oando, ACTIS Capital, Dangote Group, Sterling Bank, The Standard Bank of South Africa, Newcross Exploration and Production, Tempo Paper Pulp and Packaging, and United States Development Finance Corporation.

In capital markets the firm has developed relationships with Bank of Industry, MTN Nigeria Communications, Federal Government of Nigeria, Fidelity Bank, Dangote Cement, Stanbic IBTC Capital, First City Monument Bank, North South Power Company, UACN Property Development Company, Lagos State Government of Nigeria.

In M&A the firm has developed relationships with MainOne, Dangote Peugeot Automobiles Nigeria, Titan Trust Bank, E-Motion Advertising, TP ICAP group of companies, INTL FCStone, FCMB Group, FBN Holdings, FBNQuest Capital, Synergy Capital Managers; AFIG Funds, Rand Merchant Bank Nigeria, Indorama Netherlands, and Seven Energy Group.

In project development the firm has developed relationships with AA&R Investment, Axxela, Nigerian National Petroleum Corporation, Gas Aggregation Company Nigeria, Bank of China, Nigerian Agip Oil Company, Mulak Energy, Bureau of Public Enterprises, Chevron Nigeria, North South Power Company Nigeria, Greenville Liquefied Natural Gas Company.

Research period review: 33rd edition (2023/2024)

During the research period, the firm was active in banking, debt capital markets, M&A, project development, and project finance.

In banking the firm worked on financings for borrowers, lenders and security agents in the banking, transport, oil and gas and telecommunications sectors.

In debt capital markets the firm worked on bond and note issues for clients linked to the banking, financial services, government and public policy, food and manufacturing sectors.

In M&A the firm worked on acquisitions, divestments, financial investments, and mergers mostly for clients in the energy, financial services, agriculture, food, and manufacturing sectors.

In project development the firm worked on projects for mainly sponsors and developers in the oil and gas, renewables, transport, and real estate sectors.

In project finance the firm worked on financings for clients mostly in the banking, financial services, real estate, and oil & gas sectors.

Deal highlights: 33rd edition (2023/2024)

Access Bank $300 million financing

Access Holdings N36.5 billion acquisition of First Guarantee Pension

Moove Nigeria $10 million financing

Payhippo N350 million acquisition of Maritime Microfinance Bank

Stanbic IBTC Ventures $10.87 million bond issue

Valency Agro Nigeria $1.08 billion bond issue

Client Feedback: 33rd edition (2023/2024)

Banking

“B&I are always quick to respond, provide top-level advice using their knowledge not only of the market but also the history of the group. They also always add value by making sure that they highlight areas of risk or opportunity even if they are not always within the scope of the requested work.”

“They were very commercial in their approach to issues, in a way that gave us comfort to progress with the financing. They were also responsive.”

“Knowledge of the regulations and client management.”

Capital markets : Debt

“Great structuring expertise. Stick to timelines. Deep industry knowledge.”

Investment funds

“The B&I team is very professional and pays attention to details. They are willing to assist even beyond their immediate scope of work.”

M&A

“They are very professional and experienced in M&A transactions. They guided us through the process of acquisition, prepared necessary agreements and supervised the close out board meeting resulting in the handing over of the asset to us.”

Project development

“Knowledge, positivity and teamwork.”

“Their availability and communication levels were good. They are highly experienced in projects involving the Nigerian government and were able to provide good advice by drawing on that experience.”

Ayodele Adeyemi-Faboya

“Ayodele is commercially savvy and can be relied on to provide practical solutions.”

“Ayodele is a very professional, respectful and experienced lawyer.”

Isa Alade

“He was available and communicated well while still being personable.”

“In-depth knowledge and keen analytical prowess.”

“Isa is very skilled and an experienced M&A lawyer. He is very professional and solution oriented.”

Seyi Bella

“Commercially sound and responsive. Brilliant. A thought leader.”

Arthur Etim

“Arthur is responsive and great at providing practical commercially feasible solutions.”

Ayodele Faboya

“She was responsive. Aware of the time crunch we were working with, she made sure to flag issues as they arose.”

Azeezah Muse-Sadiq

“Best capital markets lawyer in Nigeria.”

Mayowa Olagbaiye

“Process and communication.”

“A young but smart lawyer. A rising star.”

Olamide Oshikoya

“Professional, personal touch, reliable, quick to provide solutions and very deep legal knowledge.”

“Knowledge and rare skills of grasping details and providing counsel that could not be countered.”

Bloomfield Law Practice is a boutique commercial firm in Nigeria. It was founded in 2007 in Lagos and is led by managing partner Adekunle Obebe.

Focusses / specialisms

The firm has a particular focus on energy project development work, but the firm is also very active in M&A and project finance transactions.

Key clients

In banking key clients include Guaranty Trust Bank, Milhouse Incorporated, Telford Offshore, Investec Bank, Nedbank, Nigerian National Petroleum Corporation, Purple Capital Partners, Aramex Delivery Services, Middle Band Solar One, Sterling Bank, First Bank and Stanbic IBTC Bank.

In capital markets key clients include Zomay Marine and Logistics, Emerging Capital Africa Group, CapitalTrust Asset Management and Investment, One 17 Capital, God is Good Group, Beta Venture Partners, EaziFund Capital, SME Funds Capital, Starsight Nigeria, Norinco International Cooperation and Ejovi Dredging and Marine Services.

In M&A key clients include Conoil Producing, CEU-CEEC, Optimera Energy, Ribbit Capital, Harbour Point Marine and Energy, Expand Exploration & Production, Engie Fenix Nigeria, Purple Capital Partners, Sea Transport Services Nigeria, and Mocoh Oil and Gas.

In project development key clients include Cosgrove Energy, Nigerian Upstream Petroleum Regulatory Commission, Nigerian National Petroleum Corporation, Expand Exploration and Production, Harbour Point Marine and Energy, Niger Delta Exploration and Production, Nigerian Gas Marketing Company, Sun Africa, eN Consulting and Consulting, Engie Fenix Nigeria, Enaro Energy and Middle Band Solar One.

Research period review: 33rd edition (2023/2024)

During the research period, the firm was active in banking, debt capital markets, M&A, project development, project finance, and restructuring and insolvency.

In banking the firm worked on loans and financings mainly asset financings on an equal mix for both lenders and borrowers in the oil and gas, banking, real estate, financial services and telecommunications sectors.

In debt capital markets the firm worked on bond, note and sukuk issues for clients in the financial services, power, and real estate sectors.

In M&A the firm worked on acquisitions, mergers and joint ventures for clients connected with shipping, real estate, energy, and financial services.

In project development the firm worked on energy projects for clients in the oil and gas sector.

In project finance the firm worked on financings for clients connected with the oil and gas, power, and technology and telecommunications.

In restructuring and insolvency the firm advised clients in the aviation, shipping, pharmaceuticals, real estate, and financial services on insolvency, corporate restructuring and financial restructuring work.

Deal highlights: 33rd edition (2023/2024)

Conoil Producing $243 million financing

Niger Delta Exploration and Production and ND Refineries $50 million financing

Purple Capital Partners N300 million acquisition of Alternative Capital Partners

Purple Real Estate Development Company N1.7 billion note issue

Trustbanc Holdings $3.9 million refinancing

Client Feedback: 33rd edition (2023/2024)

Banking

“They are diligent, innovative and fluid in reasoning. They are evolutionary in their reasoning and application of the law. Always have in-depth knowledge and are in tune with recent events or changes within their sector.”

Insolvency

“BLP are excellent in following up with clients and providing regular updates. They provide sound professional advice that assists clients in making safe decisions.”

M&A

“They are well experienced in this area of practice and have provided key legal advisory services for this transaction.”

“Apt knowledge of the capital market and legal framework.”

“The team is thorough, responsive, knowledgeable and always goes the extra mile to meet tight deadlines.”

Project development

“They showcased their deep knowledge of the Nigerian Petroleum Industry Act.”

Project finance

“They showed dedication and knowledge of relevant laws.”

“They are very thorough with their review, particularly on trans-border transactions.”

“Apt and effective legal advisory and efficient service delivery.”

Michael Abiiba

“Patience and professionalism.”

Adedoyin Afun

“He provides bespoke, strategic and valuable guidance on difficult legal issues because of his commercial nous and experience. He is also very prompt in responding to client requirements.”

“Brilliant and astute.”

“Well grounded.”

Ebele Folorunsho

“Reliable, smart and knowledgeable.”

“Dedicated and hard-working.”

“Shows dedication and technical know-how.”

Adebisi Lamidi

“Dedication.”

Ayodele Oni

" Deep knowledge of the Nigerian energy sector.”

“Ayodele Oni has immense knowledge and experience within the power sector.”

“He is very hands-on and willing to stretch to deliver for his clients.”

Peace Urherebrume

“He has a very robust understanding of contract negotiation and legal review skills.”

Duale Ovia & Alex-Adedipe is a commercial law firm based in Lagos Nigeria.

Focusses / specialisms

The firm has a focus on banking, debt and equity capital markets, M&A and project finance. Within these areas the firm has a focus on financing transactions.

Key clients

The firm has developed relationships with the Prestige Insurance, Dorman Long Engineering, Reliance Health, BMCE Bank International Lagos State Government, Chinese Development Bank, Parthian Partners, Alinea Ventures Partners, Spontalis Ventures Partners, Drosk Company, Life Bank Technology and Logistics Services, Solad Integrated Power Solutions, Connected Analytics, Arca Payment, Reliance HMO, Prestige Insurance, Duport Midstream Company, Zrosk Investment Management, and OxygenHub International

Research period review: 33rd edition (2023/2024)

During the research period, the firm was active in banking, debt capital markets, M&A, and project finance.

In banking the firm worked on loans and financings mostly for lenders in the banking and financial services sectors.

In debt capital markets the firm advised issuer in the financial services sector with bond issue.

In M&A the firm worked on financial investments and acquisitions for acquirers and sellers in the healthcare, transport, financial services, oil and gas, and technology sectors.

In project finance the firm worked on financings for clients in the real estate and financial services sector.

Deal highlights: 33rd edition (2023/2024)

Alitheia IDF Fund $5 million acquisition of Wemy Industries

Dorman Long Engineering $25 million acquisition of Dorman Long by Africa Capitalworks

Drosk Company N200 million acquisition of Nord Automobile

Client Feedback: 33rd edition (2023/2024)

Capital markets : Debt

“They are effective, Turnaround time is fast, they are thorough with their work, easily accessible.”

Investment funds

“They are very professional and knowledgeable in their approach to business. DOA understands our business and they display exceptional knowledge of the law that regulate our business and pay attention to every detail.”

Project development

“Very hands on approach. The staff are calm and reassuring and they keep to deadlines. They never seem tired and are always willing to go above and beyond. Their Partners are also never shy to step in when needed.”

Adeleke Alex-Adedipe

“He is very professional and knowledgeable in his approach to business. He understands our business and displays exceptional knowledge of the law that regulates our business and pays attention to every detail.”

Simisola Eyisanmi

“Knowledge of the industry.”

Melody Ibegbulam

“Good turnover time, good communication.”

Tomiwa Ogunbanwo

“Tomiwa stays committed to the completion of tasks. He communicates challenges if/as they arise and strives to provide the best protection to the Client when drafting agreements.”

G Elias & Co is a business law firm in Nigeria. The firm was founded in 1994 and has grown to have offices in Lagos and Abuja. The firm is led by 9 partners and has 33 associates supporting them. The firm is a member of Multilaw, an alliance of global law firms.

Focusses / specialisms

The firm has a strong practice across most ranked categories for Nigeria, achieving top tier ranking in banking, debt and equity capital markets, M&A, and infrastructure projects.

Key clients

The firm has developed strong relationships within the banking practice with Goldman Sachs, Citibank, Infracredit Guarantee Company, Standard Chartered Bank, ICBC Standard Bank, Credit Suisse, and African Export-Import Bank.

In the capital markets space the firm has connections with Transcorp, BUA Cement, Asset Management Corporation of Nigeria, Dufil Prima Foods, Constant Capital Markets and Securities Limited, Lagos State Government, First Bank of Nigeria, Sterling Bank, FBNQuest Merchant Bank, Citigroup, Chapel Hill Denham Advisory, AIICO Insurance, Dunn Loren Merrifeld Asset Management and Research Company, and Food Concepts.

In M&A G Elias & Co has ties with MTN Nigeria Communications, Shell International, Cement Company of Norther Nigeria, China Harbour Engineering Company, Asset Management Corporation of Nigeria, Tolaram Africa, and Lanka Orix Leasing Company.

In project development the firm has relationships with Lagos State Government, China Harbour Engineering Company, Green Energy, Chevron, BUA International, Siemens Energy, Dar Al-Handasah, Summit Oil International, and CCETC Ossiomo Power Company. 

In project finance the firm has connections with EDFI (European Development Finance Institutions), African Import-Export Bank, Africa Finance Corporation, AMNI International Petroleum Development, and Ariel Foods.

Research period review: 33rd edition (2023/2024)

During the research period, the firm was active in banking, debt and equity capital markets, M&A, project development and project finance.

In banking the firm worked on financings and loans including acquisition and trade financings mainly for lenders in the banking, financial services and oil and gas sectors.

In debt capital markets the firm worked on bond and note issuances for mainly issuers connected with the financial services, consumer goods and services, government, and banking sectors.

In equity capital markets the firm worked on IPOs and secondary share offerings such as rights issue, private placement of shares and share capital increase for clients connected mostly with the banking, food and beverage, and financial services sectors.

In M&A the firm worked on acquisitions, divestments, financial investments, and joint ventures for clients linked to the financial services, insurance, technology, healthcare and energy sectors.

In project development the firm worked on energy and infrastructure projects for clients in the oil and gas, renewable energy, construction, infrastructure, banking and financial services sectors.

In project finance the firm worked on financings for mainly lenders in the banking, oil and gas, renewable energy, and financial services sectors.

Deal highlights: 33rd edition (2023/2024)

Aba Independent Power Plant $1 billion financing

Ekpat field development

Lagos Metro Rail Transit construction project

Mainstreet Microfinance N2.5 billion bond issue

Titan Trust Bank $300 million financing

United Capital N11.73 billion bond issue

Client Feedback: 33rd edition (2023/2024)

Banking

“Very knowledgeable and diligent.”

“They provide detailed and high-quality deal documents and excellent and speedy legal due diligence delivery. The team is very responsive and available. They have a deep bench of young but high-quality associates who provided support on various deals simultaneously, and deep domain expertise within the banking and finance, and energy space, which added value to our transactions.”

M&A

“They are well respected and influential in the market and are extremely well versed in the market.”

“G Elias are very experienced in the Nigerian market, and are very technically able and skilled, and use such knowledge appropriately and practically. They are also highly regarded.”

Project development

“They provide extremely useful, professional and technically sound legal opinions.”

“They were able to revert on assignments given to them within stipulated timelines.”

Ayodeji Adeyanju

“Provides good communication and management of our account.”

Gbolahan Elias

“Very knowledgeable about the law, listens, and is innovative about solutions. Also, very thorough.”

“He knows the law very well and is responsive.”

“Great knowledge and skill.”

“Outstanding legal professional.”

Okechukwu Okoro

“He provides detailed and high-quality deal documents and excellent and speedy legal due diligence delivery.”

Giwa-Osagie & Co is a full-service law firm which has been active in Nigeria for 30 years. The firm is a part of Lex Africa and has two offices in Abuja and Lagos.

Focusses / specialisms

The firm has a particular specialism in M&A work but is also notable in the banking space and is active in the capital markets debt and equity, project development and restructuring and insolvency spaces.

Key clients

Notable clients of the firm include USA Consular General Lagos office, Visa, Monster Energy Company, American International School, Lafarge Africa, Total Nigeria, and Deutsche Bank,

Research period review: 31^st edition (2020/2021)

During the research period the firm was active in M&A.

In M&A the firm worked on acquisitions and share transfer work for firms in financial services and education on both domestic and cross border transactions.

Client feedback: 31^st edition (2020/2021)

Financial services regulatory

"The firm was very reactive and achieved great accuracy."

Project development: Energy

"They are quite knowledgeable and responsive within a short space of time."

Restructuring and insolvency

"The firm was very responsive to all questions with very short turnaround times. They had a very positive attitude whilst working through difficult situations and with difficult people in order to achieve positive resolutions."

Osayaba Giwa-Osagie

"Extremely knowledgeable, professional and effective."

"He gives the personal touch to his clients, is professional, has an in-depth knowledge, and knows how to manage costs and expectations of the clients"

Greychapel Legal is a boutique firm specialising in business law in Nigeria. The firm was founded in 2015 and has an office in Lagos.

Focusses / specialisms

The firm has a particular strength in M&A transactions and the firm is a specialist in Islamic finance transactions.

Key clients

The firm’s key clients include Accel Investment Company, Aigle, Victory Medical Centre, ONL Foundation, Mainstreet Capital, Moor Villas Development, Neimeth International Pharmaceuticals, Purple Real Estate Investment, Quaint Power and Infrastructure, Quality Power and Infrastructure and Workstation International Co-work.

Research period review: 33^rd edition (2023/2024)

During the research period the firm was active in banking, capital markets, M&A and project development.

In banking the firm advised both lender and borrower on asset finance and debt financing transactions connected with the financial services and real estate sectors.

In debt capital markets the firm’s work focused on working for issuers and trustee connected with the real estate and construction sectors.

In equity capital markets the firm advised on IPO and rights issue for clients connected with the real estate and pharmaceutical sectors.

In M&A the firm advised on acquisitions for clients in the healthcare, investment management and infrastructure sectors.

In project development the firm advised on PPP for client connected with energy sector.

Deal highlights: 33rd edition (2023/2024)

Neimeth International Pharmaceuticals N3 billion rights issue

Purple Real Estate Income NGX IPO

Client Feedback:  33rd edition (2023/2024)

Capital markets: Debt

“Knowledgeable, detailed and prompt.”

Project development

“They have a keen understanding of the legal terrain with deep-rooted relationships to help resolve any issues or disputes within Nigeria.”

Oladele Oladunjoye

“Attentive and creative.”

“Oladele has a strong understanding of the law and how to apply it in complex situations.”

Ikeyi Shittu & Co, founded in 2005, is a full-service business law firm. The firm has offices in Lagos and Enugu States and the Federal Capital Territory of Nigeria.

Focusses / specialism

The firm specalises in M&A and project development work for domestic clients.

Key clients

Clients of the firm include Carbon Afrika, Norrenberger Financial Group, Century Power, and Elkridge Pipelines.

Research period review: 32nd edition (2022/2023)

During the research period, the firm was active in M&A, project development and restructuring and insolvency.

In M&A the firm worked on mergers and joint ventures for clients in the energy and construction sectors among others.

In project development the firm worked on deals for clients linked to the infrastructure and energy sectors.

In restructuring and insolvency, the firm worked on restructurings for clients in the oil and gas sector.

Jackson Etti & Edu is a full-service law firm established in Nigeria in the 1990s. The firm has 11 partners and has hubs in Lagos and Abuja and associate offices in Port-Harcourt, Accra, Harare and Yaounde.

Focusses / specialisms

The firm has a particularly strong practice in banking but also has a focus on debt and equity capital markets and project finance transactions.

Key clients

In banking key clients of the firm include the Deutsche Bank, MUFG Bank, Export-Import Bank of China, Standard Chartered Bank, Stanbic IBTC Capital, SFC Finance, First City Monument Bank and Main One Cable Company.

In capital markets key clients of the firm include Lagos State Government, Edo State Government, Colgate-Palmolive Company, Standard Chartered Bank, Stanbic IBTC Capital and Africa Capital Alliance.

In M&A key clients of the firm include Tana Africa Capital II, Actis, Standard Chartered Bank, Colgate-Palmolive Company, NPF Pensions and Shareholders, Asha Microfinance, Stanbic IBTC Capital, SFC Finance and First City Monument Bank.

In project development key clients of the firm include Arcadia Energy, Federal Government of Nigeria, the Lagos State government, Lagos State Ministry of Energy & Natural Resources and various financial institutions.

In project finance key clients of the firm include the Export-Import Bank of China, Standard Chartered Bank, Stanbic IBTC Capital, SFC Finance, First City Monument Bank and Main One Cable Company.

In restructuring and insolvency key clients of the firm include Bristow Helicopters Nigeria, Pressure Control System Nigeria, Baker Hughes, White & Case, Moet Hennessy, Fremantle, IHS Towers, Schneider Electric, Standard Chartered, Bridge Clinic, CHI and Cadbury.

Research period review: 33rd edition (2023/2024)

During the research period, the firm was active in banking, debt and equity capital markets, M&A, project development, project finance and restructuring and insolvency.

In banking the firm worked on loans and financings including acquisition and corporate financings for mainly lenders in the banking and financial services sectors.

In debt capital markets the firm worked on bond issuances for clients connected with the government and banking sectors.

In equity capital markets the firm worked on secondary share offerings such as private placement and share offer for clients linked to the financial services sector.

In M&A the firm worked on acquisitions, divestments, financial investments and mergers mainly for clients in financial services, agriculture and consumer goods sectors.

In project development the firm worked on projects including concessions, EPC contracts and PPP for clients in the real estate, infrastructure, oil and gas and power sectors.

In project finance the firm worked on financings for clients linked to the financial services sector.

In restructuring and insolvency, the firm worked on restructurings and insolvencies for clients in the government and public policy, and energy sectors.

Deal highlights: 33rd edition (2023/2024)

BPL Nigeria N2 billion financing

Capricorn Digital N4.2 billion financing

GZI Industries N5 billion financing

Client Feedback: 33rd edition (2023/2024)

Banking

“Knowledgeable about banking and finance. They provide practical advice and are very responsive.”

“Very responsive and pragmatic in finding solutions to get the deal done.”

“They are quite responsive and demonstrate a good understanding of the process.”

Capital markets : Debt

“Very competent structuring work, clear-headed and objective opinions. Excellent foresight and deep knowledge of capital market rules and regulations.”

Restructuring

“Very professional and detailed.”

Yeye Nwidaa

“Excellent in corporate governance, policy drafting and company secretarial advisory services.”

Okey Nnebedum

“Okey is a good communicator, with sound financing knowledge. He provides practical advice and is very responsive.”

“Responsive and pragmatic.”

Folasade Olusanya

“She listens and tries to understand the customer's requirements.”

“Very professional and transparent.”

Adekunle Soyibo

“Calm, deep knowledge of markets, thorough understanding of structuring nuances, and provides leadership.”

Oake Legal is a boutique law firm in Nigeria with offices in Lagos and Abuja.

Focusses / specialism

The firm is active across a range of practice areas including debt capital markets, M&A, project development and restructuring and insolvency.

Key clients

The firm’s notable clients include Western Telecoms and Engineering Services Metro, XanderWill, Accelerex, Viathan Engineering, Niger Delta Power Holding Company, Evansbaroque, South-West Agricultural Company (SWAgCo), Ellah Lakes, Evans Baroque Pharmaceuticals, Lagos State Government, New Cruise Housing Development, and PricePointe Wholesale Club.

Research period review: 33rd edition (2023/2024)

During the research period, the firm was active in M&A and project development.

In M&A the firm worked on acquisition and financial investments for clients linked to the investment management, technology, and agriculture sectors.

In project development the firm worked on energy projects for clients mostly connected to the power sector.

Deal highlights: 33rd edition (2023/2024)

Lighthouse Capital $45 million note issue

Olajide Oyewole grew out of a corporate law practice established in 1965 by the founder of the firm, Chief Olajide Oyewole. The firm is the Nigeria member of DLA Piper Africa and has more than 40 lawyers.

Focusses / specialism

The firm is particularly strong in M&A work and infrastructure projects work for international companies.

Key clients

Key clients include Lagos State Government, BB Energy, Broll Property Services Nigeria, Cappa & D’Alberto, Pfizer Specialties, Halliburton Energy Services Nigeria, Union Bank, Helios Investment Partner & Helios Capital Management, Palmpay, DHL International Nigeria, Boulos Enterprises Limited, Unilever Plc, Oando Plc, Argentil Capital Partners Limited, Union Bank, MasterCard Foundation, Yamaha Motor Company Limited, and General Electric.

Research period review: 33rd edition (2023/2024)

During the research period, the firm was active in M&A, project development, and project finance.

In M&A the firm worked on acquisitions, mergers, divestment, and joint ventures by client connected to energy, industrials and manufacturing, technology, and education sectors.

In project development worked on projects for sponsors in the energy, transport and infrastructure sectors.

In project finance the firm worked on financings for clients linked to the real estate, infrastructure, and energy.

Deal highlights: 33rd edition (2023/2024)

IDP Education $83 million acquisition of Intake Education

Quest Electricity Nigeria N19 billion acquisition of Yola Electricity Distribution

Ringier €50 million acquisition of Livescore Group

Client Feedback: 33rd edition (2023/2024)

Banking

“They show knowledge of the law, good negotiation skills and excellent legal drafting.”

Financial services regulatory

“The firm is diligent in the defense of our business, and we are provided with prompt feedback.”

“Olajide Oyewole's professionalism and prompt response time repeatedly gives us the confidence to use their services.”

Investment funds

“They show professionalism, responsiveness and domain expertise.”

M&A

“They are very professional and timely in their feedback. They understand their client's business very well and this positively affects the quality of the advice they give.”

Project development

“Very professional, provides excellent advisory services, super-efficient and well organised.”

“Responsive, efficient, accurate, gives attention to detail.”

Oluwatomi Etomi

“He provides well-detailed reports and keeps to deadlines.”

Olufunke Fawehinmi

“Funke has a thorough grasp of regulatory issues pertaining to the insurance industry.”

Stephen Ijiola

“Responsiveness, attention to details, care of duty, and expertise.”

Dayo Idowu

“Knowledgeable, client-focused and attentive to detail.”

Tayo Mustapha

“Tayo is professional, courteous and responds to enquiries with the needed level of clarity.”

Oluyemi Oyewole

“Knowledgeable, agile and responsive to the client.”

Sandra Oyewole

“Sandra stays in touch with our business and helps when issues are escalated to her.”

Solape Peters

“A negotiator and provides legal drafting.”

“She communicates well and is passionate about her job, especially she ensures that the interests of her clients are protected.”

Samuel Salako

“Good attention to details. Customer friendly. Meticulous and very knowledgeable.”

Olaniwun Ajayi is a full-service commercial law firm from Nigeria. The firm was founded in 1962 and has since developed relationships with over 50 firms within its network, and grown to more than 100 lawyers, including 14 partners. The firm’s offices are in Lagos, Abuja, and Port Harcourt and more recently Olaniwun Ajayi has an office in London. 

Focusses / specialisms 

The firm has a strong practice across all recognised practice areas achieving tier 1 status for banking, debt and equity capital markets, M&A, energy and infrastructure project development and project finance. The firm is also active in restructuring and insolvency. 

Key clients 

The firm has developed strong relationships within the banking practice namely with Nigerian National Petroleum Corporation, International Finance Corporation, Seplat Petroleum Development Company, African Finance Corporation, Sterling Oil Exploration & Energy Company, First Bank of Nigeria, Union Bank of Nigeria, First City Monument Bank and Ecobank Nigeria. 

In capital markets the firm has connections with Ava Capital, Dangote Cement, Dangote Industries, Bank of Industry, Citi Group Global Markets, Goldman Sachs, Airtel Africa, FBN Quest Merchant Bank, and the Lagos State Government. 

In M&A Olaniwun Ajayi has ties to First Pension Custodian Nigeria, Suntory Beverage & Foods Asia, Moody’s Group Cyprus, BUA Cement, Canal + International SAS, Actis, Colina Holdings, and Lakepoint Towers Property Development Company. 

In project development the firm has developed bonds with Nigerian National Petroleum Company, Nigerian National Petroleum Corporation, Nigeria LNG, Nigerian Upstream Petroleum Regulatory Commission, First Investment Development Company, Zenon Petroleum & Gas, Thames Investment Company, Wells Properties & Investment Company, NEoTOffgrid Africa, Evercare Group, and Tolaram Group. 

Research period review: 33rd edition (2023/2024)

During the research period, the firm was active in banking, debt capital markets, M&A, project development and project finance. 

In banking the firm worked on loans and financings including trade and acquisition finance for mainly lenders in the energy, financial services, and industrials and manufacturing sectors. 

In debt capital markets the firm worked on bond and sukuk issuances for clients connected to the banking, financial services, energy, government, and manufacturing sectors. 

In M&A the firm worked on mergers, financial investments, divestments, and acquisitions for clients mainly in the banking, investment management and financial services sectors. 

In project development the firm worked on energy and infrastructure projects for developers and sponsors in the oil & gas, mining, aviation, transport and government sectors. 

In project finance the firm worked on financings for clients in the energy, financial services, and industrials and manufacturing sectors. 

Deal highlights: 33rd edition (2023/2024)

African Foundries $25 million trade facility

BPL Nigeria N2 billion financing

Bank of Industry €700 million Eurobond issue

Darway Coast Nigeria N1.021 billion financing

First Pension Custodian Nigeria N2 billion acquisition of Access Pension Fund Custodian

Moody’s Group Cyprus N24.7 billion acquisition of Global Credit

Client Feedback: 33rd edition (2023/2024)

Banking

“Efficient and experienced professionals.”

“A very pragmatic law firm. They research well the issues we bring onboard before giving any response to such issues.”

Financial services regulatory

“They demonstrate compassion and creativity in delivery of the task.”

M&A

“The transaction was done at arm's length, ensuring that the company is well protected. They are very fast in the process. The first disbursement of the transaction was concluded in less than a year.”

“Olaniwun Ajayi provided valuable input and assistance on multiple commercial contracts and showed great knowledge of the legal aspects of the oil and gas industry.”

Project development

“Olaniwun Ajayi demonstrated excellent draftsmanship and resourcefulness. They responded extremely well under pressure and allowed us to meet very steep timelines. The team was very resourceful and agile on the job. We were very happy to have used their services as we got excellent results.”

“They are patient, understand the business and see the big picture.”

“Olaniwun Ajayi provide well-considered, relevant legal advice on all matters referred to them. Their turnaround time is impressive without losing any of the rigour required of a law firm of their calibre. They consider and exhaust relevant and plausible options, and advise on the most suitable.”

“The firm and its members (partners and associates) are committed to provide quality legal service to its clients. It is a highly dedicated and professional full-service law firm. The lawyers are well versed in the understanding of the law with a pro-business mindset, which helps foreign investors participate in the Nigerian market. Wolemi Esan is a top lawyer who understands foreign investors in Nigeria.”

“Speedy turnaround time and response. They have understanding of the industry and issues, and resolutions of those issues.”

Project finance

“Olaniwun Ajayi have excellent legal advisory skills; they are most exceptional in providing expert advice in the negotiation of terms and conditions with business consideration. They are well versed in the oil & gas terrain and therefore provide excellent advice towards acquisitions, restructuring and business formation. They are persistent and determined in their negotiation approach.”

“Excellent work and advice.”

“Olaniwun Ajayi LP are a consummate law firm, highly professional, effective and very efficient.”

Olamide Aiyeola

“She offers responsiveness and accessibility, industry knowledge, and client management.”

“Experienced and hard-working.”

“Olamide has an outstanding mastery of the law and the transaction on which she was instructed. In spite of the complexity of the transaction, she was able to traverse and communicate even the most intricate details of each and every provision of the more than seven different agreements entered into, and about eight other side agreements.”

Halimat Busari

“Thorough and professional.”

“Good legal advisory and timely review of contracts.”

Wolemi Esan

“He is a fantastic lawyer, committed to provide quality work and guidance to his clients.”

Abisola Odeinde

“Abisola has a commanding knowledge of her area of expertise. She led the team from Olaniwun Ajayi on this transaction and has always provided excellent leadership to ensure the team meets the level of excellence required on the transaction. Her knowledge of the law and her people skills ensured that she was able to manage considerable scrutiny of different legal positions.”

Gabriel  Onagoruwa

“He is very thorough in all reviews of the transaction documents and excellent in following up to ensure timelines are met.”

Chukwuemeka Osuji

“Excellent, diligent and always professional.”

“Chukwuemeka was very responsive and demonstrated a keen aptitude for the work. He responded on time and worked hard to meet deadlines.”

“He is passionate and knowledgeable.”

Tominiyi Owolabi

“Experienced and knowledgeable.”

“Tominiyi is very sound in the knowledge of the law with deep insights on how to solve problems. He cares about the best outcome for his clients and demonstrates excellent client management skills.”

“He is thorough and detailed, dedicated and determined.”

“Dr Owolabi brought valuable positive attributes that enhanced the transaction and assisted the company in bringing the project to reality.”

“Dr Owolabi is a very good listener, humble and has the ability to carry his clients along in the transaction, breaking down the intricate details. Ours was a very complex, lengthy and delicate transaction, and we would never have closed without his maturity, flexibility and leadership.”

“A problem-solver, very knowledgeable, calm and a good researcher.”

Damilola Salawu

“A very good listener. Damilola dissects issues to the core, researches widely and provides good solutions and feedback thereafter.”

“Very good customer service and communication. Effective legal reviews and suggestions. Timely feedback on work and engagement.”

“He offers industry knowledge, commercial savvy and responsiveness.”

Ganiyat Seriki

“Ganiyat is a dedicated and responsive lawyer who has a firm grasp of what we require for our legal needs on the project. She is available at all times and connects different resources within and outside her firm to ensure innovative solutions to different project challenges – PPI is a one-of-a-kind government intervention which has presented bespoke challenges, requiring a lot of out-of-the-box thinking. She and the team at Olaniwun Ajayi have always been up to this challenge, working closely with our foreign legal counsel to always find solution. One of the issues that has presented the biggest challenge is the on-lending of the project cost to distribution companies, which has been the source of several internal debates. Ganiyat and the team at Olaniwun Ajayi have painstakingly gone over all the options with the relevant stakeholders on the project to provide clarity and propose the most appropriate solutions.”

Pavestones is a boutique law firm with its offices located in Lagos, Nigeria.

Focusses / specialisms

The firm has specialised focus on advising on banking transactions including financial services regulatory for clients in the banking and financial services sectors.

Key clients

The firm’s key clients include Agricorp International Development, Betterlending, Pick ‘N’ Pay, Hudson, Bolt Nigeria, Casava Insurance, Kay Africa, Prembly, PandaCash, PFI, FSE Services, Nairagram and Renmoney.

Research period review: 33rd edition (2023/2024)

During the research period the firm was particularly active in banking practice, where the firm advised clients mostly in the agriculture sector on financing deals.

Client Feedback: 33rd edition (2023/2024)

Banking

“Professional.”

“Very responsive, Prompt, Professional and Quick resolution of issues.”

Financial services regulatory

“Pavestones as a law firm is extremely helpful in providing bespoke commercial advisory. They cut through the legalese to proffer commercially beneficial legal solutions, howbeit within the context of the law. They are quick and go the extra mile for their clients.”

“Collaboration, Passion, Confidence, Reliability, Grit, Communication, Experience, Problem-solving skills, Decision-making skills, and Dedication.”

“The law firm’s data audit service is overall and high-level. Not only asking us to answer the questionnaire, but the law firm also provide data compliance training for our IT staff, legal officers, and DPO.”

“The team is very responsive and accessible. They are attentive to the client's needs and provide practical legal advice in consideration of realities within the financial services sector. Aderonke also has demonstrated astute knowledge of the financial services industry in Nigeria. She is extremely resourceful.”

“Qualitative advisory services.”

“(a) Excellent Opinions and advisory - Pavestones provides very prompt, clear and detailed legal opinions and advice on all areas of the transaction; (b) Proactiveness - Pavestones has been proactive in identifying possible challenges and providing advice to avoid some delays; (c) Quality of Work - The quality of work provided by Pavestones has been impressive.”

M&A

“Very High Legal expertise, Adequate negotiation capabilities and Fantastic customer service.”

Project development

“Extremely knowledgeable about the sector and provide tremendous advice when structuring the commercial terms and conditions for each of our client engagements to ensure our risks are mitigated.”

“Expertise and Knowledge: Pavestones Legal has a wealth of expertise and knowledge in the area of Public-Private Partnerships and PPP contracts. They have a deep understanding of the legal and regulatory frameworks governing PPP projects in Nigeria, and are able to provide valuable advice and guidance to their clients.

Attention to Detail: Pavestones Legal pays great attention to detail in all aspects of their work, from contract drafting to negotiations. They are meticulous in their approach, ensuring that all legal documents and agreements are accurate, clear and concise.

Responsiveness: Pavestones Legal is highly responsive to their clients' needs and concerns, and are always available to provide advice and support. They are proactive in identifying and addressing potential issues before they become major problems, and are always willing to go the extra mile to ensure that their clients are satisfied.

Strategic Thinking: Pavestones Legal takes a strategic approach to their work, looking beyond the immediate legal issues to consider the broader business objectives and goals of their clients. They are able to provide valuable strategic advice and insights that go beyond the legal aspects of a project.

Professionalism: Pavestones Legal maintains a high level of professionalism in all aspects of their work, from their communication with clients to their conduct during negotiations. They are respectful, courteous, and always act in the best interests of their clients.

Overall, Pavestones Legal is a highly skilled and professional legal team with a deep understanding of PPP contracts and project management. They are reliable, responsive, and committed to delivering excellent results for their clients.”

Feyijuwa Akinyanmi

“Extremely knowledgeable and able to assist us in navigating legal framework within our sector as well as negotiating a fair middle ground with the counterparty's legal counsel.”

“Listens and proffers solutions. Total commitment to clients.”

Aderonke Alex-Adedipe

“Aderonke is honest, dependable and Trustworthy and she puts in a lot of effort in terms of strategizing.”

“Aderonke is quite knowledgeable in her field. She has a firm grasp of the law and goes the extra mile to meeting the business and commercial needs of her clients.”

“Professional”

“Extremely responsive, Analytical, Practical and innovative Thinking, a d Always available to help.”

“She listens, understands and has unbelievable ability to proffer solutions.”

Adedolapo Arisoyin

“Provides overall, accurate and prompt response regarding the data audit, interest rate limitation, CBN open banking compliance, and other related matters.”

Eustace Aroh

“Very professional and responsive.”

Seun Timi-Koleolu

“Very professional and responsive”

Punuka Attorneys & Solicitors is a business law practice from Nigeria founded in 1947. The firm has offices in three regions of Nigeria. 

Focusses / specialisms 

The firm has a particular strength in capital markets work for domestic clients, however it is also active in banking and projects work as well. 

Key clients 

Key clients of the firm include Tourist Company of Nigeria, Acquila Leasing Company, Hydrodive Nigeria, Pfizer, Noble Group, Royal Exchange Prudential Life, Global Steel Holdings, Ikeji Hotel, Ecobank Nigeria, Clovis/Comcraft, NSIA Insurance, and Cordos Trustees. 

Research period review: 33rd edition (2023/2024) 

During the research period, the firm was particularly active in restructuring and insolvency where the firm advised clients in the real estate, mining, oil and gas and investment management on restructurings including administration, insolvency, and receivership. 

Deal highlights: 33rd edition (2023/2024)

Chinmark Group N474.5 million and £65,000 insolvency

NISL Ventures and Nigeria International Securities N15 billion insolvencies

SPA Ajibade & Co is a corporate and commercial law firm established in 1967. The firm has offices in Lagos, Abuja, and Ibadan. 

Focusses / specialism 

The firm is particularly strong in debt and equity capital markets and M&A work as well as in banking work. 

Key clients 

Notable clients of the firm include Cliffe Dekker Hofmeyr South Africa, Cybele Cosmetics, Evans Therapeutics, Marsh, Facebook, First Registrars, Marsh FJC International Insurance Brokers, Fan Milk International, Hempel, Coca Cola Hellenic, UPS, FBN Holdings, First Bank Nigeria, Union Bank of Nigeria, Union Trustees, Balton CP Group, Dizengoff West Africa, Honeywell Group, Anchorage Leisures, Nosak Group, and Ondo State Government. 

Research period review: 33rd edition (2023/2024)

During the research period, the firm was active in banking and debt capital markets.  

In banking the firm worked on loan for client in banking sector. 

In debt capital markets the firm worked on bond issuances for issuers linked to financial services, government, and construction sectors. 

Deal highlights: 33rd edition (2023/2024)

Lagos State Government of Nigeria N125 billion bond issue

Providus Bank N100 billion note issue

Established in 1995, Templars is a full-service business firm from Nigeria. It has two offices in Lagos and Abuja. 

Focusses / specialisms 

The firm has a strong practice across most ranked practice areas in Nigeria, achieving tier 1 for their banking, debt capital markets, M&A, energy and infrastructure project development and project finance work. 

Key clients 

The firm has developed strong relationships within the banking sector with International Finance Corporation, Chapel Hill Denham Management, Export-Import Bank of Korea, Korea Treade Insurance Corporation, ServiziAssicurativi del Commercio Estero, Africa Export-Import Bank and HIS Netherlands Holdco. 

In capital markets the firm has connections with Access Bank, IHS Towers NG, Citigroup Global Markets, Goldman Sachs Bank Europe, North South Power Company, Lagos State Government, Chapel Hill Denham Advisory, and Access Bank. 

In M&A the firm has ties with Nigerian Exchange Group, Addax Petroleum, International Finance Corporation, Sojitz Corporation, Diamond Bank, Petrobras Oil and gas, PT Petramina, and Engie. 

In project development the firm has relationships with NIgeria Sovereign Investment Authority (NSIA), ExxonMobil, Lekki Port LFTZ Enterprise, Tolaram Group of Singapore, China Harbour Engineering Company, and Energy Link Infrastructure. 

In project finance the firm has connections with Africa Finance Corporation, Mota-Engil, Proton Delta Sunrise, MBH Power Limited, Sunshine Law Firm, US International Development Finance Corporation, Islamic Development Bank, and Pan Africa Solar. 

Research period review: 33rd edition (2023/2024)

During the research period, the firm was active in banking, debt capital markets, M&A, project development and project finance. 

In banking the firm worked on loans and financings for clients linked to the oil and gas, banking, technology, and financial services sectors. 

In debt capital markets the firm worked on bond issuances including high yield for a mix of issuers, trustees and arrangers from the oil and gas, construction and materials and financial services sectors. 

In M&A the firm worked on financial investments, acquisitions, mergers, and divestments for clients in the energy, telecommunications and financial services sectors. 

In project development the firm worked on energy, infrastructure, and power projects for clients in the oil and gas, power and transport sectors. 

In project finance the firm worked on financings for clients in the energy and financial services sectors. 

Deal highlights: 33rd edition (2023/2024)

Badagry Port Development $2.5 billion financing

Blackbone Connectivity Network N1.9 billion acquisition of Cloud Exchange West Africa Nigeria

Enerflex N315 billion acquisition financing

Eroton Exploration and Production Company $485 million financing

Geometric Power N225 billion financing

Lagos Free Zone Company N25 billion bond issue

Sojitz Corporation $293 million acquisition of Axxela

Client Feedback: 33rd edition (2023/2024)

Banking

“Good.”

Project finance

“Templars are very skilled and knowledgeable of the particular nuances of project finance and energy project development. They provide the borrower with sufficient advisory services and insight on the relevant requirements for energy project financing.”

Obianuju Ifebunandu

“Very in-depth and knowledgeable of project finance.”

Chidubem Okoye

“Good.”

Dayo Okusami

“A finance guru and expert.”

Olaotan Oyekan

“Very responsive and takes charge of interfacing with lenders.”

The Law Crest is a Nigerian law firm based in Lagos. The firm commenced business in 2000 and is led by managing partner Anthony Nwaochei. 

Focusses / specialisms 

The firm has a particular focus on project related work. 

Key clients 

A key client of the firm isSIRIUS Petroleum. 

Research period review: 32^nd edition (2022/2023) 

During the research period, the firm was active in M&A and project development. In M&A the firm worked on acquisitions for sellers. In project development the firm worked on projects for developers. 

Udo Udoma & Belo-Osagie is a full-service commercial law firm founded in 1983 by Udoma Udo Udoma. The firm has 16 partners and offices in Lagos, Abuja and Port Harcourt. 

Focusses / specialisms 

The firm has a strong practice in banking debt and equity capital markets and M&A in all of which the firm is in the top tier for Nigeria. The firm has a specialism working with clients connected to financial services. 

Key clients 

The firm has developed strong relationships within the banking practice with African Development Bank, Branch International Financial Services, Union Bank of Nigeria, and Citibank Nigeria. 

In capital markets the firm is connected with BUA Foods, British International Investment, Africa Finance Corporation, Standard Chartered Bank, FBNQuest Merchant Bank, Africa Export-Import Bank, Coronation Merchant Ban, Ecobank, AG Mortgage Bank, and the Federal Government of Nigeria on the debt side and Quantum Zenith Asset Management & Investments on the equity side. 

In M&A the firm has ties with Aruwa Capital Management, Biontech, Leapfrog Investments, Actis Group, Verod Capital Management, Synergy Capital Managers, Pepsico, Monument Distillers Nigeria, and Blue Orchard Finance. 

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In project development the firm has relationships with Sahara Energy, Seplat Energy, CMA CGM Terminals Group, Daystar Power Group, Chapel Hill Denham/Nigerian Infrastructure Debt Fund, and Agility Logistics. 

Research period review: 33rd edition (2023/2024)

During the research period, the firm was active in banking, debt and equity capital markets, M&A and project development. 

In banking the firm worked on loans and financings including project financings mostly lenders in the banking, financial services and energy sectors. 

In debt capital markets the firm worked on note, bond and sukuk issuances mainly for clients in the banking and financial services sectors. 

In equity capital markets the firm worked on IPO and secondary share offering for underwriters and issuers in the financial services and consumer goods and services sectors. 

In M&A the firm worked on acquisitions and mergers for clients linked to the investment management, technology and manufacturing sectors. 

In project development the firm worked on energy and infrastructure projects for clients connected with the power, oil and gas, financial services and construction sectors. 

Deal highlights: 33rd edition (2023/2024)

Airtel Networks $120 million financing

Lekki Deep Sea Port project

BioNTech $440 million acquisition of Instadeep

MTN Nigeria Communications $325 million note issue

Stanbic IBTC Bank $300 million financing

Zenith Bank $250 million financing

Client Feedback: 33rd edition (2023/2024)

Banking

“They are very thorough and speedily resolve grey areas.”

“They are very responsive and thorough in their approach to delivering comments and feedback.”

“Udo Udoma & Belo-Osagie have been responsive to all queries, and efficient with client management and correspondence with other counsels to the transaction.”

“They were extremely responsive, very helpful and provided clear and articulate guidance throughout. Their advice was much appreciated, especially given both we and the client had limited understanding of the Nigerian legal system.”

“The firm and the stakeholders I was working with provided value-added legal advice, they were available and very responsive to queries posed.”

“A good team that was able to provide quick and complete feedback. The quality of their work was good.”

“Timely, professional and diligent.”

“Udo Udoma & Belo-Osagie are efficient and responsive and provided full information.”

“They are the top firm in Nigeria. Solutions-driven with a client-centric focus.”

“Deep market awareness, constant availability, strong commitment to client, etc.”

Capital markets : Debt

“They are very professional, understand and keep to tight project timelines where necessary. The quality of their work is top-notch.”

“They provided transaction documentation, transaction structuring and legal due diligence.”

“They are up to date on evolving matters, offer timely responses and availability, have deep knowledge of the subject-matter and are forward thinking.”

“They are very well experienced in their fields. They come with a lot of knowledge and confidence. A pleasure to work with.”

“They have thorough knowledge of the transaction scope and provide support with review of regulatory landscape. Excellent review of transaction documents.”

“The corporate practice is superb and second to none in Nigeria. Their attention to detail in handling transactions is great.”

“The team had a thorough appreciation of all the issues, showed depth and technical expertise in this transaction. They were also proactive and quick in closing the transaction.”

“Very responsive and knowledgeable.”

Capital markets : Equity

“Sound technical knowledge, prompt feedback and proactivity.”

Investment funds

“They are organised, detailed and prompt.”

“Udo Udoma has been professional, dependable, creative and most valuable in their insights, contributions and advice. One could not ask for a better external counsel. The wealth of experience brought into the negotiations and skills deployed to guarantee protection for the client is second to none.”

M&A

“UUBO is a firm that places emphasis on the success of our business. UUBO is always willing to help at little or no notice. The firm sends out training invites to its clients at no charge to the clients. UUBO parades a team of experts on different projects and has staff who are pleasant and always willing to help.”

“The team is professional, efficient and good to work with.”

“I value their ability to provide practical and commercial advice that is tailored to the nuances of specific situations.”

“Commercially savvy and solution focused.”

Project development

“The team of lawyers at Udo Udoma and Belo-Osagie have strong analytical and problem-solving skills and are great at analysing legal issues while communicating excellently and paying attention to detail. The team has sufficiently helped our business navigate new areas of business by providing sound advisory services.”

Project finance

“They provide prompt responses to emails and detailed and bespoke legal advice. Willing to conduct research and provide advice on operational items, with the goal of breaking issues down for a better understanding of operational teams.”

“They were able to assist in providing proper structuring for the transaction and their drafting skills were top notch.”

“They are responsive and responsible.”

Oluwatobi Akintayo

“Always ready to provide quick and clear feedback to the client. Very agreeable to work with.”

Modupe Balogun

“Modupe is friendly and responsive and is able to assist with complex matters.”

Yinka Edu

“Professional and knowledgeable.”

“Yinka is highly knowledgeable, knows the Nigerian market and fully understands concerns.”

“Knowledgeable, responsive and a problem-solver.”

“Yinka is a very smart lawyer, with a great reputation and experience in M&A/corporate law.”

Joseph Eimunjeze

“Joseph was extremely responsive, very helpful and provided clear and articulate guidance throughout. His advice was much appreciated, especially given both we and the client had limited understanding of the Nigerian legal system.”

Lisa Esamah

“She is very friendly, very helpful, very resourceful and very knowledgeable.”

“She is organised and prompt. She is responsive.”

“She is very proactive. Always willing to go the extra mile to meet deadlines and provide quality deliverables. She's approachable and very reachable at all times. She's an excellent and value-adding person to have on any transaction.”

“Lisa is super-responsive and prompt in her feedback. She has sound technical knowledge of my business and how to support on transactions.”

“She is attentive, detailed, and seeks to provide innovative solutions.”

“Great responsiveness.”

“Sound knowledge of the capital market and the law.”

“Personable and knowledgeable.”

“Lisa is intelligent, innovative and able to quickly resolve complex commercial issues within the stipulated timeframe.”

“Lisa is intelligent, innovative and able to quickly resolve complex commercial issues within the stipulated timeframe.”

“Knowledgeable about her field. Always meets deadlines.”

Godson Iwuozo

“Provides timely advice and is responsive and responsible.”

Ozofu Latunde Ogiemudia

“Always available to provide timely, practical advice.”

“She has knowledge of our business, is solution-oriented, and maintains relationship management.”

Nicholas Okafor

“He is very knowledgeable and always innovative in proffering solutions. His commitment to his clients is total.”

“Sound judgement, deep analytical mind, knowledge, negotiation skills, experience, expertise, professionalism, passion – you name it, he has got it! He is excellent at using all of these to give clients the best advisory experience.”

“He is an astute legal professional who is versed in diverse subject matter. He is well acquainted with our business providing sound legal risk assessment. His attention to detail is second to none. He is well-rounded and experienced with a strong work ethic. His experience is displayed in his sound analytical and creative problem-solving skills.”

Onyinye Okafor

“Onyinye pays attention to details and is highly knowledgeable on debt capital market transactions.”

“She is very comfortable and suave in selling difficult opinions that others consider unpopular. She's very friendly too.”

Chisom Okolie

“Very resourceful and responsive.”

“Chisom was extremely responsive, very helpful and provided clear and articulate guidance throughout. His advice was much appreciated, especially given both we and the client had limited understanding of the Nigerian legal system.”

Pamela Onah

“She provides quick response to issues and has vast knowledge of the issues under review.”

Ekundayo Onajobi

“Professionalism.”

Victor Samuel

“Victor attends to emails and calls promptly with effective and efficient responses to queries. Victor thinks out of the box and on his feet. Victor is also very willing to go out of his way to ensure he provides value.”

Adeola Sunmola

“She is well versed with capital market industry knowledge and pays attention to details, which has been of great service to us.”

Tomisin Taiwo

“Very responsive and very knowledgeable. Expert in her field.”

DealHQ is a commercial law firm in Nigeria with one office in Lagos.

Focusses / specialisms

The firm has a particular focus on M&A work.

Key clients

Key clients of the firm include Tangerine Life Insurance, VFD Group, FCMB Asset Management, Ardova Oil, FlyforValue Aviation, Kuker Holdings, Kuker Agro-Allied, Axle and Cartage, Optima Energy Resources and Cruxstone Development and Investment.

Adepetun Caxton-Martins Agbor & Segun is a commercial law firm in Nigeria established in 1991. The firm has three offices in Lagos, Abuja and Port Harcourt. In 2021 the firm announced a combination with Dentons, branded as Dentons-ACAS Law. Dentons is an international law firm serving 81 countries at 205 locations.

Focusses / specialisms

The firm has a strong practice in energy projects where they have achieved top tier status in Nigeria, but they are also very active in M&A and infrastructure project development work.

Key clients

Key clients of the firm include Sterling Bank, Travelex, Interswitch, Africa Finance Corporation, AP Moller, IHS Towers Citi Ventures, Kuda Technologies and One Payment.

Client Feedback: 32nd edition (2022/2023)

Project development

"Legally very thorough but simultaneously commercially aware, rare in lawyers in my experience. Also, responsive and very professional in their service delivery."

Project finance

"They are very accessible and have a team of brilliant lawyers."

Detail Commercial Solicitors is a commercial law firm based in Lagos.

Focusses / specialisms

The firm has a particular specialism in infrastructure projects but is also very active in all other ranked categories in Nigeria.

Key clients

In banking and finance the firm has developed relationships with Stanbic IBTC Bank, FBN Bank (UK), Infrastructure Credit Guarantee Company, FBN Quest Merchant Bank, Central Bank of Nigeria, The Infrastructure Bank, KfW IPEX Bank, Mercuria Energy and Kann Utility.

In capital markets the firm has developed relationships with Emerging Africa Asset Management, Infrastructure Credit Guarantee Company, KSIP Funding SPV, Falcon Corporation, DLM Advisory, FBNQuest Trustees, Nigeria Mortgage Refinance Company, Nasarawa State Government, Delta State Government, Imo State Government and Kano State Government.

In M&A the firm has developed relationships with Auxano Solar Nigeria, Big Cabal, MBU Capital, Inaccordion International Services, Linkage Assurance, Falcon Corporation, CrossBoundary Energy Access Holdings, Ladol Integrated Logistics Free Zone Enterprise, Consonance Investment Managers and Breakthrough Energy Ventures.

In project development the firm has developed relationships with Lagos Metropolitan Area Transport Authority, Falcon Corporation, Ladol Integrated Logistics Free Zone Enterprise and Impala Energy UK, CrossBoundary Energy Access Holdings, Waltersmith Gas Company, CEC Africa Investments, German Cooperation, GOPA International Energy Consultants and Lafarge Africa.

Research period review: 32nd edition (2022/2023)

During the research period, the firm was active in banking, debt capital markets, M&A, project development and project finance.

In banking the firm worked on loans and financings for clients in the banking and financial services sectors.

In debt capital markets the firm worked on bond issues for issuers in the financial services and oil and gas sectors.

In M&A the firm worked on acquisitions for clients in the energy sector.

In project development the firm worked on projects for sponsors in the energy, transport and financial services sectors.

In project finance the firm worked on financings for mainly lenders in the banking, financial services, real estate and energy sectors.

Deal highlights: 32nd edition (2022/2023)

Capitis Thrift & credit cooperative society acquisition of Mainsail Microfinance Bank

BN Bank £50 million loan facility

Lagos free zone company N20 billion bond issue

Ogun gas power plant project

Client Feedback: 32nd edition (2022/2023)

Capital markets : Debt

"Responsiveness, meeting deadlines, value for money."

"They are very responsive. The law firm tries so hard to stick with the timeline while providing a bespoke service."

M&A

"Detail Commercial Solicitors respond promptly to requests and are very flexible with their availability - often working during the weekend to ensure that the tight project timeline is met. The firm is also competitive on pricing."

Private equity funds

"They are thorough, detailed and committed to working with you through difficult challenges. "

Project development : Energy

"The team was very responsive, provided innovative ideas and delivered promptly on tasks."

"The team adopts a customer-centric approach in providing their services. "

"The firm is extremely knowledgeable on the legal regulatory and commercial requirements pertaining to the Nigerian power sector. "

"Prompt and efficient professional services."

"Knowledge and dynamic flexibility in securing solutions in a challenging environment."

"Very proactive and solution-oriented."

Project finance

"Responsiveness, value for money."

Temidayo Ajayi-Bello

"Super-attentive to client needs, willing to solve problems and available around the clock if that's what it takes."

Anthony Ezeamama

"Responsiveness, results oriented."

"Great resource person in the energy sector. Attentive to understand issues to provide innovative solutions, and follows up consistently until project completion."

"Deep knowledge."

Ayuli Jemide

"Sound commercial judgment, vast experience in corporate restructuring and excellent communication skills."

Dolapo Kukoyi

"Her knowledge of the industry and the legal regime in the energy sector."

"Knowledgeable, versatile and creative in finding solutions to challenging problems."

"Relationship-focused, attentive, solution-finder and very proactive."

Matthew Phillip-Awolu

"He is a thoughtful, responsive and competent adviser. "

"Responsiveness, knowledgeable."

ENR Advisory, formerly called Advisory Legal Consultants, a Nigerian energy and infrastructure boutique law firm based in Lagos and founded in 2011.

Focusses / specialisms

The firm has cultivated an image as a project focused firm with a particular specialism in energy, power and natural resources and is particularly focused on project development energy work. As part of this focus on energy related work the firm is also active in the financing, restructuring and M&A practice areas as well as project development infrastructure.

Key clients

The firm has developed relationships with the Nigeria LNG, Golar LNG, South Atlantic Petroleum, Aiteo, Platform Petroleum, Waltersmith Petroman Oil, Shell Petroleum Development Company, Schlumberger, West African Gas Pipeline Company, Petrobas, Chevron Nigeria, Total, NNPC, Exxon Mobil, and Integrated Hydrocarbon Infrastructure.

Research period review: 33rd edition (2023/2024)

During the research period, the firm was active in M&A and project development.

In M&A the firm worked on asset acquisitions and joint ventures for clients linked to the oil and gas sector.

In project development the firm worked on energy projects for clients linked to the oil and gas sector.

Deal highlights: 33rd edition (2023/2024)

Accrete acquisition of Oloye Marginal Field

Gulf of Guinea Pipeilne Project

Platform Petroleum acquisition of Kuri Marginal Oil Field

Odujinrin & Adefulu is a commercial law firm in Nigeria established in 1972. The firm operates out of Lagos, Abuja and Port Harcourt.

Focusses / specialisms

The firm has a focus on banking, debt and equity capital markets and project finance.

Key clients

In banking key clients of the firm include Africa Finance Corporation, International Finance Corporation African Export-Import Bank, FBN Trustees, First Exploration and Petroleum Development Company, Rand Merchant Bank Nigeria, Lafarge Africa, Morgan Stanley & Co. International, Citigroup Global Markets, Chapel Hill and Keystone Bank.

In capital markets key clients of the firm include International Breweries, Zenith Assets Management, Lafarge Africa and Chapel Hill Denham Management.

In M&A key clients of the firm include Chapel Hill Denham Management, Interswitch, Fish Valley Investment & Property, International Breweries, Standard Chartered Bank, Oro Home Products, First Exploration and Petroleum Development Company, Lafarge Africa, Rand Merchant Bank Nigeria and Everest 8800.

In project development key clients of the firm include Mobil Producing Nigeria, Star Deepwater Petroleum Development, Independent Petroleum Producers Group, First Exploration and Petroleum Development Company, Chevron Nigeria, West Titan Energy Resources and Heritage Energy Operational Services.

Research period review: 33rd edition (2023/2024)

During the research period, the firm was active in banking, M&A, and project development.

In banking the firm worked on loans and financings including trade, acquisition, and project financings for clients, mostly lenders, in banking and financial services.

In M&A the firm worked on acquisitions mostly real estate acquisitions for clients linked with real estate and private equity sectors.

In project development the firm worked on projects for clients in the oil and gas sector.

Deal highlights: 33rd edition (2023/2024)

Bestaf Funding $300 million facility

Central Bank of Nigeria $1 billion financing

Energy Link Infrastructure Malta $130 million syndicated acquisition facility

Fidelity Bank $10 million financing

Client Feedback: 33rd edition (2023/2024)

Banking

“They provide detailed and high-quality deal documents and excellent and speedy legal due diligence delivery. The team is very responsive and available. They have a deep bench of young but high-quality associates who provided support on various deals simultaneously, and deep transaction expertise on banking and finance, energy and acquisition matters, which added value to our transactions.”

M&A

“They consistently demonstrate an impressive level of knowledge and expertise in the area of commercial law. Their team is highly competent and skilled and provides our firm with expert guidance and advice on all legal matters. I am also impressed with their attention to detail and ability to spot contract wordings that can be problematic. They are also always available.”

“They are very responsive and very quickly grasp the requirements of the tasks put before them.”

Adeoye Adefulu

“Dr. Adeoye Adefulu, the managing partner of Odujinrin & Adefulu, is a highly respected lawyer and leader in the legal community. He is widely recognised as an expert in the legal profession, possesses a vast knowledge of the law, and his legal expertise is highly regarded. He has a deep understanding of the complexities of legal issues and is highly skilled at breaking down complex legal problems during contract negotiations.”

Oludamola Awobokun

“She has a good understanding of the issues put before her and if necessary, requests clarifications and this minimises the back and forth which typically result from poor understanding of client requirements. She also possesses commendable follow-up skills.”

Omotoyosi Ajulo Olusola

“Toyosi brings exceptional customer service to her role. She places a high priority on client service, and this is reflected in the way she interacts with us. She is highly responsive to our needs and concerns and ensures that they receive the utmost attention. She is a great asset in any transaction.”

Lateef Bamidele

“Professionalism and great follow-up skills.”

The Metropolitan Law Firm is a Nigerian corporate law firm established in 2006. The firm is led by their founder and managing partner Ummahani A. Amin and has two offices, located in Abuja and Lagos.

Focusses / specialisms

The firm is active in the debt capital markets, M&A and project finance areas.

Key clients

Key clients of the firm include The Federal Government of Nigeria, Debt Management Office of Nigeria, Kano State Government, Family Homes Funds, Manzuwa Ventures, Capital Trust, Adamawa State Government, Niger State Government and Sokoto State Government.

Client Feedback: 31^st edition (2020/2021)

Project finance

"They have very good drafting skills, advisory skills, knowledge of the capital market and customer service relationship skills."

The New Practice (TNP) is a commercial law firm based in Lagos Nigeria. It is led by managing partner Baba Alokolaro. 

Focusses / specialisms 

The firm has a particular focus on debt capital markets transactions. 

Key clients 

The firm has developed strong relationships within the banking practice area with Lagos State Government and One Finance and Investments. 

In capital markets the firm has connections with ARM Trustees. 

In M&A TNP has ties with Ellah Lakes, Consonance Kuramo Special Opportunities Fund II, Arwua Capital Management, uLesson Education Limited, and Frutta. 

Research period review: 33rd edition (2023/2024)

During the research period, the firm was active in debt capital markets, M&A and project development. 

In debt capital markets the firm worked on bond and note issuances for clients connected to energy and consumer goods sectors. 

In M&A the firm worked on mergers for clients connected with the consumer goods sector. 

In project development the firm worked on infrastructure projects for sponsors. 

Deal highlights: 33rd edition (2023/2024)

Bilaad Realty Nigeria N10 billion sukuk issue

Lagos State Blue Line Project

Lagos State Medical Park Project

Client Feedback: 33rd edition (2023/2024)

M&A

“The lawyers are pragmatic and commercially minded. They have become more than legal advisers – they are business partners.”

Bukola Bankole

“Bukola has become my sounding board for all things Nigerian law. She is intelligent and very experienced – with a very down-to-earth approach to resolving issues I raise with her.”

Tokunbo Orimobi is a commercial law firm in Nigeria established in 1979. The firm has four offices in Nigeria located in Abuja, Ibadan, Lagos and Port Harcourt.

Focusses / specialisms

The firm has a particular focus on infrastructure project development but is also very active in banking, equity capital markets and M&A.

Key clients

Key clients of the firm include DLM Capital Group, Export-Import Bank of China, Metrowaves Sports and Infrastructure, STL Trustees, FBN Quest Trustees, Edo State Government, Staco Insurance, Aarti Steel Nigeria, Gombe State Government and Mutual Alliance Mortgage Bank.

Client Feedback: 31^st edition (2020/2021)

Banking and finance

"The lawyers in Tokunbo Orimobi LP in Nigeria can give timely and professional reply. Especially, the rigorous and comprehensive response really impressed me."

Capital markets: Debt

"They provide bespoke services in conducted due diligence, drafting of necessary transaction documents including but not limited to vending agreements, mortgage debenture, legal mortgage, amongst others."

"Expertise on the subject. Attention to details."

M&A

"Ability to meet with the regulator and get results out in good time."

Tsedaqah Attorneys is a Nigerian law firm with offices in Abuja, Lagos and Port Harcourt and an external office in Accra, Ghana.

Focusses / specialisms

The firm has a particular focus on acquisition and bond work.