Banwo & Ighodalo is a top tier firm across all financial and corporate areas but is best known in banking and capital markets.
The banking team acted for lenders and sponsors in relation to financing, refinancing, and new money loan facilities on deals for borrowers in the telecommunication, oil and gas, and real estate industries.
In capital markets, the firm acted primarily for issuers and on debt side mandates. Deal highlights include advising in the first ever sovereign Sukuk issuance by the Federal Government of Nigeria, work on note issuance programmes and Eurobonds. On the equity side, a clear highlight is work for Unilever Nigeria on its rights issue.
In M&A, the firm worked mainly for buyers in the oil and gas, technology, healthcare, energy, and infrastructure sectors.
The projects team worked for consortiums, sponsors, and project companies on the financing and development of many projects in the automotive, healthcare, oil and gas, infrastructure and energy sectors.
Key clients include Bank of Baroda, Deutsche Bank, Nigerian National Petroleum Corporation and Chevron Nigeria.
“Banwo & Ighodalo is very knowledgeable and pays attention to detail. The quality of their work is first-class. The firm's strengths include pragmatism, thinking out of the box and thoroughness. There is adequate senior lawyer involvement and supervision, and this reflects in the quality of output...” – Banking
“Generally very good service especially in relation to practical objectives and support (such as filings, document execution, corporate maintenance). Advice is generally of a good quality. Billings are reasonable and fair.” – Project finance
“I have found that the lawyers are generally prompt and responsive, and do not rigidly watch the clock. They understood that we were new to doing business in Nigeria and were accommodating in addressing our queries on the Nigerian legal and regulatory framework.” – Banking and finance
“Local advice was concise and all timelines were met. We appreciated the clarity of the advice given, including a detailed explanation of the options available to our common client.” – Banking and finance
“Strength: Responsive and able to address queries effectively and quickly...” – Banking and finance
“Very responsive attorneys and great depth of knowledge of Nigeria law and project financing issues. They work efficiently and also very cooperatively with foreign UK counsel.” – Project finance
"She has significant financing experience. She is very knowledgeable and is good at leading negotiations."
"Technically sound and commercially savvy."
"He is one of the smartest young associates in the industry."
"Able to review facility documents and address queries on an urgent basis."
Seyi Bella and Damilola Wright
"Both our contacts at this firm were very responsive and completed all that we asked of them in a timely manner. We thought the work was completed to a high standard."
"He is well respected as an expert in real estate matters, and is very hands on and pragmatic. He is also very accessible and always willing to assist."
"Very supportive, very knowledgeable, quick to resolve issues..."
"Very client-focused, skilled in project finance and understands issues faced by in-house counsel."