Olaniwun Ajayi LP

Our Expertise -

Finance

Finance

Our team cuts through the complexity of multi-party transactions to deliver commercially driven, client-focused, and business-sensitive solutions. With expertise spanning Eurobonds, corporate borrowing, asset finance, loan syndication, trade finance, project and infrastructure finance, equities, derivatives, structured finance, leveraged acquisition finance, real estate finance, corporate finance, commodities, and export finance, we are here to create innovative solutions to help clients navigate critical business decisions. Our team pioneered the application of limited recourse finance techniques in Nigeria and advised lenders on landmark projects, including the USD1.6 billion Lekki Deep Sea Port Project and the USD1.2 billion Indorama Eleme Fertilizer and Chemicals project.

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

Insights

Banking and Capital Markets Wrap-Up 2024 and 2025 Outlook

2024 saw pivotal shifts in Nigeria’s banking and capital markets sectors. Notably, the Central Bank of Nigeria took decisive steps, including a series of monetary policy rate hikes, a banking sector recapitalisation, and a revision of supervisory guidelines for BDC operators, all aimed at reinforcing the economy. For the Nigerian capital markets, despite early turbulence with a NGN1.3 trillion loss and a 2.4% dip in the NGX All Share Index, the market rebounded strongly, surpassing NGN59.1 trillion in capitalization and achieving a 30.4% growt...

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