Driving meaningful growth in Nigeria

The impact of the Economy on people and businesses

As Africa's fourth-largest economy, Nigeria has a crucial role to play in the continent’s overall growth. The country’s rich agricultural potential, vast natural resources and entrepreneurial spirit have the potential to create jobs, boost trade and create a ripple effect across Africa.  We are committed to investing in Nigeria’s diverse sectors and providing innovative financial solutions that will create lasting growth for our clients and Nigerian communities. 

In 2024, we have partnered with the following Nigerian companies, to fuel their growth ambitions:

Axxela Funding 1 PLC 

We supported sub-Saharan Africa’s leading gas and power portfolio company, Axxela Limited, with the successful completion of its ₦16.4 billion Series 1 Fixed Rate Bonds due 2034, through its funding vehicle Axxela Funding 1 PLC. This transaction supports the bank’s aim to deepen the potential of Nigeria's debt capital market and position Nigeria as a choice destination for potential investors. Read more about this deal.

Fidelity Bank PLC

We supported Fidelity Bank with the conclusion of all the necessary arrangements to raise a total of up to ₦127 billion through a rights issue and public offer to comply with the Central Bank of Nigeria 's revised minimum capital requirements. The proceeds will be used for IT infrastructure, business expansion, and product distribution channels.  Read more about this deal.

Nigerian Breweries

We partnered with Nigeria’s leading brewing company, Nigerian Breweries PLC, on a landmark transaction to launch a strategic Rights Issue which aimed to strengthen the company’s financial position and give it financial flexibility to promote business growth.  Read more about this deal.

Aradel Holdings PLC

We successfully advised integrated indigenous energy company Aradel Holdings PLC on its record-breaking listing on the Nigerian Exchange Limited. The listing, the largest ever in Nigeria, is a significant milestone for both companies and a boost for the Nigerian capital market.  Read more about this deal.