First Tier Ranking For Banking & Finance. - Chambers Global


Our team cuts through the complexity of multi-party transactions to deliver commercially driven, client-focused and business-sensitive solutions to complex problems in this space. With proven expertise that spans the gamut of financial products including Eurobonds, corporate borrowing, asset finance, loan syndication, trade finance, project & infrastructure finance, equities, derivatives and structured finance, leveraged acquisition finance, real estate finance, corporate finance, commodities and export finance; we are here to create innovative finance solutions that will help you handle critical business decisions.


Our team pioneered the application of limited recourse finance techniques in Nigeria and advised the lenders on the financing of landmark greenfield projects including the USD1.6 billion Lekki Deep Sea Port Project and the USD1.2 billion project initiated by Indorama Eleme Fertilizer and Chemicals Limited.


The firm has also advised the International Finance Corporation as well as a number of Development Finance Institutions as lenders in the USD225 million telecommunications financing for Helios Towers Nigeria and acted for Dangote Cement Plc in a NGN60 Billion Financing of the Ibese Cement Plant expansion project. The firm also played a pivotal role as legal adviser to a syndicate of Nigerian and international lenders on the landmark USD3.15 billion financing for the development of an integrated 400,000 bpd refinery and petrochemical plant which, when completed, will deliver the largest single-train refinery in the world.


Banking and Capital Market 2022 Wrap-Up / 2023 Outlook

The financial services sector (with the banking and capital market segments being the larger slice) of the Nigerian economy, which is a key contributor to the Gross Domestic Product (GDP), witnessed significant changes in 2022, with a number of participants in both segments, transitioning into holding company structures and others, hiving off part of their businesses as part of their response to the changing economic landscape.
Significantly, the increased regulatory activities of the Central Bank of Nigeria (CBN) as well as other macroeconomic factors made 2022 a challenging year for the banking sector even though the year had commenced with predictions of a positive outlook. Most of the responses to the challenges of 2022 and the aftermath of the Presidential elections will determine the shape the sector will take in this year 2023, This wrap-up and forward report (the Report) highlights the significant events of 2022 in the Banking and Capital Market sub-sectors of the Nigerian financial services industry as well as an indication of what is expected in these sub-sectors in 2023.
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