We act as trusted independent and real-time advisors to upstream, midstream and downstream companies in the oil, gas, mining, power, infrastructure and carbon emissions trading industry.
The Client, a leading renewable energy firm, sought to acquire a controlling stake in a mid-sized Nigerian energy company to expand its footprint in Africa’s burgeoning renewable energy sector.
Nigeria’s recent classification by the Aviation Working Group (AWG) ranks at a medium level, two tiers below the high and very high categories. In this update, we explore the key factors behind Nigeria’s medium-level ranking and outline the essential milestones needed to achieve a higher-level classification.
Construction financing refers to a short-term loan specifically used to fund the construction of a building or other real estate project. For real estate developers in Nigeria, this financing is essential during the construction phase when the project generates little or no income but requires significant capital to cover costs like land acquisition, materials, labor, permits, and other expenses.
On August 21, 2024, the Joint Contracts Tribunal (JCT) published 2024 updates to the Standard Building Contracts and associated sub-contracts suite. This follows the release of earlier updates, such as the Design & Build Contract, Minor Works Contracts, and Intermediate Building Contracts
"Hell or high water clauses" are a standard fixture of aviation leases and it appears that courts will generally enforce "hell or high water clauses" in aviation leases, in the absence of extenuating factors. This legal update provides a primer on hell or high water clauses as relates to aviation leases under English Law.
The increase in the price of electricity tariffs payable by electricity customers in Band A, as notified in the 2024 Multi-Year Tariff Order puts into sharp focus the legal framework around Service-Based Tariffs in Nigeria
For a number of reasons, aircraft financing is one of the more complex forms of corporate financing. Where the airline borrower or lessee is operating in a developing country like Nigeria, another layer of intricacy emerges. In this update, we draw some key points from aircraft financing transactions, we have advised on for the benefit of lenders and promoters looking to close an airline financing transaction in Nigeria.
Nigeria’s President recently announced a number of fiscal incentives and administrative changes aimed at improving the competitiveness of the oil and gas industry in Nigeria and making Nigeria a more attractive destination for global oil and gas investments relative to...
The recent announcement of an agreement between the Nigerian Government and cement manufacturers in Nigeria to peg the price of a 50kg bag of cement at between N7000 and N8000 (the “Pricing Mandate”) raises some important questions of competition law because price fixing is generally prohibited by Nigeria’s competition law
We successfully advised promoters on the competitive bidding for a multi-billion Naira healthcare facility and on the negotiation of the concession agreement and key transaction documents.
We successfully advised lenders on the provision of a multi-million dollar refinance facility to an indigenous broadband company to refinance and restructure existing debt obligations and to fund the construction of new infrastructure.
We successfully advised an indigenous E&P Company on a multi-billion dollar management buy-out financed by a first-tier commercial bank in Nigeria.
We successfully advised a transport infrastructure and mobility company on a multi billion naira term loan facility for upgrade of its facilities.
We successfully advised promoters on the competitive bid for the multi-million Naira multi-purpose dam water supply project and for the operation and maintenance of a 9MW hydroelectric power.
We successfully advised a Telecoms on corporate development, market entry and expansion to Nigeria, including on the processing of regulatory licenses.
We successfully advised a a meter manufacturing company on corporate development, market entry and expansion to Nigeria, including on the processing of regulatory licenses.
We successfully conducted a human rights due diligence and impact assessment on behalf an international oil lifting company seeking to do business in Nigeria.
We successful acted on behalf of a development bank in relation to its mezzanine loan for a project financing of a mining project.
We successfully acted on behalf an indigenous gas company on project development issues and on the negotiation and drafting of Gas Processing Agreements and its International Project Agreements.
We successfully advised a pipeline company on the review of its Project Agreement and Commercial/Transaction Documents, including the Tariff Methodology, Gas Sale and Purchase Agreement and Gas Transportation Agreements.
We successfully advised a volume developer of residential estates on a multi-billion Naira joint development project between a state government and the client volume developer.
We successfully advised a Business Process Outsourcing company on corporate development, market entry and expansion to Nigeria, including on the processing of regulatory licenses.
We successfully advised a foreign lender in its capacity as lender and security trustee in respect of a multi-million dollar aircraft finance facility.
We successfully advised promoters on the competitive bidding for a multi-billion Naira healthcare facility and on the negotiation of the concession agreement and key transaction documents.
We successfully advised lenders on the provision of a multi-million dollar refinance facility to an indigenous broadband company to refinance and restructure existing debt obligations and to fund the construction of new infrastructure.
We successfully advised an indigenous E&P Company on a multi-billion dollar management buy-out financed by a first-tier commercial bank in Nigeria.
We successfully advised a transport infrastructure and mobility company on a multi billion naira term loan facility for upgrade of its facilities.
We successfully advised promoters on the competitive bid for the multi-million Naira multi-purpose dam water supply project and for the operation and maintenance of a 9MW hydroelectric power.
We successfully advised a Telecoms on corporate development, market entry and expansion to Nigeria, including on the processing of regulatory licenses.
We successfully advised a a meter manufacturing company on corporate development, market entry and expansion to Nigeria, including on the processing of regulatory licenses.
We successfully conducted a human rights due diligence and impact assessment on behalf an international oil lifting company seeking to do business in Nigeria.
We successful acted on behalf of a development bank in relation to its mezzanine loan for a project financing of a mining project.
We successfully acted on behalf an indigenous gas company on project development issues and on the negotiation and drafting of Gas Processing Agreements and its International Project Agreements.
We successfully advised a pipeline company on the review of its Project Agreement and Commercial/Transaction Documents, including the Tariff Methodology, Gas Sale and Purchase Agreement and Gas Transportation Agreements.
We successfully advised a volume developer of residential estates on a multi-billion Naira joint development project between a state government and the client volume developer.
We successfully advised a Business Process Outsourcing company on corporate development, market entry and expansion to Nigeria, including on the processing of regulatory licenses.
We successfully advised a foreign lender in its capacity as lender and security trustee in respect of a multi-million dollar aircraft finance facility.