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NEWS & EVENTS


Sefton Fross has advised the Debt Management Office on the N150,000,000,000 Sukuk III Issuance.

Sefton Fross advises DMO

Sefton Fross has advised on the N150, 000,000,000.00 (One hundred and fifty Billion Naira) Series III Sukuk issuance by the Debt Management Office (DMO) of the Federal Government of Nigeria. The issuance of the third Sovereign Sukuk, which followed the debut issuance of N100 billion in September 2017 and a second issuance of another N100 billion in December 2018, came as a result of demand from a wide range…

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Our Managing Partner Olayemi Anyanechi was a panelist at the IBA Power Law Committee webinar

Our Managing Partner and Regional Representative, Africa of the IBA Power Law Committee, Olayemi Anyanechi was a speaker at the recently concluded IBA Webinar presented by the IBA Power Law Committee of the Energy, Environment, Natural Resources and Infrastructure Law Section (SEERIL). The Webinar which held on 12 June 2020 was focused on “THE EFFECTS OF THE PANDEMIC ON RENEWABLE ENERGY PROJECTS”. Other prominent speakers and members of the…

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Sefton Fross advises on African Business Magazines Deal of the Month.

Sefton Fross - SunFunder makes first investment in Nigeria with Daystar Power

Sefton Fross advised on Sunfunder’s financing of Daystar Power, a deal which has been featured as the Deal of the Month in African Business Magazine’s June Edition. Sunfunder Inc., an international impact finance fund providing debt capital to solar enterprises in emerging markets, provided a US$4million facility to Daystar Power, a commercial and industrial (C&I) solar developer, in what was Sunfunder’s first deal in Nigeria The financing will be…

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Our Managing Partner – Olayemi Anyanechi contributes to BusinessDay Newspapers Vol.2

Sefto Fross contributes to BusinessDay Newspaper

In continuation of ​the series on A-Z of Corporate Reorganisation in Nigeria in Business Day newspaper, our Managing Partner, Olayemi Anyanechi ​drills deeper on other types of restructuring. This Volume will discuss other types of corporate re-organisation, with the aim of giving readers options in structuring transactions, for optimal results. The choice of a structure will ultimately be guided by costs and time efficiency, quantum of the distributable reserves, tax…

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Sefton Fross advises on the Dangote Cement Plc’s Bond N100,000,000,000 Bond issuance.

Sefton Fross adisies Dangote Cement

Sefton Fross has advised on the Dangote Cement Plc’s N100,000,000,000 (One Hundred Billion Naira), Series 1 12.50% Fixed Rate Senior Unsecured Bonds due April 2025, under its N300,000,000,000 (Three Hundred Billion) Bond Issuance Programme.  Dangote Cement Plc, a member of the Dangote Group, is the largest cement manufacturer in Sub-Saharan Africa with operations in 10 African countries. The Transaction, which is the Company’s debut bond issuance was 1.5 times…

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Sefton Fross will assist up to 20 qualifying Eligible Borrowers access CBN’s N50 Billion Targeted Credit Facility Pro bono.

Sefton Fross Covid-19 CSR

The corona virus (COVID-19) pandemic has had far-reaching effects on the global economy ranging from the plummet in the global crude oil prices, imbalance in the stock and financial market across the globe, extensive ban on movements, bans on gatherings, international travel restrictions across the world which without doubt have had adverse and detrimental impact on business activities, livelihood of households. In a bid to cushion these effects, the…

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Our Managing Partner – Olayemi Anyanechi contributes to BusinessDay Newspapers

Sefto Fross contributes to BusinessDay Newspaper

Our Managing partner – Olayemi Anyanechi shared her thoughts on business combinations in Nigeria through a feature on BusinessDay Newspapers. The article is intended to give the layman (and woman) a broad overview of Nigerian merger control in an easily digestible format. Hopefully, as economies rally, opportunities will arise to grow and strengthen businesses. Read article here  

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Sefton Fross contributes to the Encyclopaedia of Upstream Oil and Gas

Sefton Fross contributes to Chambers and Partners

We are pleased to introduce to you the 2nd Edition of ‘The Encyclopaedia of Upstream Oil and Gas’, published by Globe Law and Business Ltd. The Encyclopaedia of Upstream Oil and Gas is an excellent new addition to the bookshelf of any lawyer, academic, or, indeed, anyone involved or interested in the oil and gas industry. Our Managing Partner Olayemi Anyanechi co-authored the ‘Farm-out Agreements’ and ‘Public Procurement in…

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Our Managing Partner – Olayemi Anyanechi at the NLNG International Women’s Day celebration 2020

Sefton Fross at NLNG IWD 2020

As part of the events lined up to celebrate the International Women’s Day, the Nigerian Liquefied Natural Gas (NLNG) Limited hosted various events to celebrate the day in line with the theme of the year “#EachforEqual”. Our Managing Partner Olayemi Anyanechi was the guest speaker and one of the panelists at the NLNG International Women’s Day celebration today. Also at the event were Engr. Mrs. Olu Maduka, Ekeinde Ohiwerei Gbenga…

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Sefton Fross contributes to the Chambers Global Practice Guide, 2019 Banking and Finance Second Edition

Sefton Fross conttibutes to Chambers and Partners Global Practice Guide

We at Sefton Fross are proud to be one of the contributors (writing as the authority on Nigerian Banking & Finance law and practice) to the Chambers’ Global Practice Guide, 2019 Banking and Finance Second Edition. Ranked lawyers and law firms in various jurisdictions across the world, to mention a few- Nigeria, UK, US, China, France, Australia, India, Mexico, Netherlands, Norway, Egypt, Senegal, and Uganda contributed to the theme…

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SEFTON FROSS has advised Conex Oil and Gas Holdings on its acquisition of Total Sierra Leone and Total Liberia.

Sefton Fross advices Conex Group

SEFTON FROSS has advised Conex Group, investing through Conex Oil and Gas Holdings Limited, on its acquisition of Total Sierra Leone and Total Liberia from French petroleum giant, Total.   The acquisition will position Conex Group to become a market leader in the importation and marketing of petroleum products, and according to the CEO, Mr Cherif Abdallah, “will create jobs and promote development in the areas into which we…

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$4m: SunFunder makes first investment in
Nigeria with Daystar Power

Sefton Fross - SunFunder makes first investment in Nigeria with Daystar Power

Sefton Fross has advised Sunfunder – a solar finance company providing debt capital to solar enterprises in emerging markets, on its first investment in Nigeria with up to US$4million facility to Daystar Power, a commercial and industrial (C&I) solar developer.  The investment will be used to provide solar power and energy efficiency solutions for businesses in the commercial, industrial, and agricultural sectors in Nigeria.    With a recent study by Bloomberg New Energy Finance signifying that Nigeria has the largest potential for C&I solar in Africa because of the…

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Sefton Fross Advises on Eat N’ Go N15Billion
bond programme

SEFTON FROSS ADVISES ON EAT N’ GO N15BILLION BOND PROGRAMME

Sefton Fross has advised as Solicitors to the Trustees of the Eat N’ Go Limited N15,000,000,000 (Fifteen Billion Naira) Bond Issuance Programme and issuance of the N11.500,000,000 (Eleven Billion, Five Hundred Million Naira) Series 1, 14.25% Fixed Rate Senior Unsecured Bonds. Eat ‘N’ Go Limited are the franchise holders for Domino’s, Cold Stone Creamery & Pinkberry Ventures, Inc in Nigeria. The Programme was established and issued by Eat &…

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Sefton Fross advises on the TAK Logistics Limited’s N50 Billion Bond Programme

Sefton Fross advises Tak Logistics on its N50 Billion Bond programme

Sefton Fross has advised as Solicitors to the Trustees of the TAK Logistics Limited N50,000,000,000 (Fifty Billion Naira) Bond Issuance Programme.  TAK Logistics Limited is a major player in Nigeria’s agricultural value chain and a major fertilizer company with a combined capacity of almost one million tonnes.  The Programme was established by TAK Agro Plc, a special purpose vehicle of TAK Logistics. The company successfully closed the N15,000,000,000 (Fifteen Billion Naira) Series 1 16.49% Fixed Rate Senior Secured…

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Arbiterz Nigeria – a premium digital lifestyle magazine sits down for a Lunch Hour interview with our Managing Partner – Yemi Anyanechi

Our Managing Partner Olayemi Anyanechi, sat down for an interview with Arbiterz Nigeria, a premium digital lifestyle magazine, highlighting her journey from MBC International Bank Limited to Sefton Fross. Get inspired as she tells her story in her own words.  Read the interview here,    

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Sefton Fross advises TLG Capital Investments Limited and Stichting Medical Credit Fund on their growth capital investment in Express Pharmacy

Sefton Fross has advised TLG Credit Opportunities Fund (Cayman) – an open-ended debt vehicle, and Stichting Medical Credit Fund, on its growth capital investment in Express Pharmacy, a Lagos-based mass market pharmacy retail chain.   The growth capital will be used to expand Express Pharmacy’s footprint across Lagos with the roll out of new pharmacies along busy commuter routes and in under-served communities across Lagos.   The Transaction furthers both Lenders’ continued commitment to healthcare…

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Sefton Fross advised Royal Exchange General Insurance Company Limited on the $10 million acquisition of 39.25% stake in the company

Sefton Fross has advised Royal Exchange General Insurance Company Limited (REGIC) on the InsuResilience Investment Fund’s (IIF) agreement to acquire a 39.25% stake in REGIC. The investment has been approved by the National Insurance Commission. REGIC, a subsidiary of Royal Exchange Plc, is a leading player in agriculture insurance. The proceeds of the investment will help REGIC to spur growth by increasing its risk capital and supporting its underwriting…

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Sefton Fross has advised Prudent Energy and Services Limited on its Successful Acquisition of a 74.02% Equity Stake in Forte Oil Plc.

Sefton Fross advised Ignite Investments and Commodities Limited, an affiliate of Prudent Energy and Services Limited, on its acquisition of 74.02% of the issued share capital of Forte Oil Plc, beneficially owned by Femi Otedola, CON. Forte Oil Plc is one of Nigeria’s leading downstream oil and gas companies. Ignite Investments and Commodities Limited will take over a controlling stake in Forte Oil Plc, as it has received all…

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Sefton Fross advises New Hampshire Capital Limited on its Partnership with the Ikeja Electricity Distribution Company as a Meter Asset Provider (MAP)

Sefton Fross advised New Hampshire Capital Limited, a Meter Asset Provider, on its Partnership with the Ikeja Electricity Distribution Company as a Meter Asset Provider (MAP), in line with the policy of the Federal Government and the Nigerian Electricity Regulatory Commission (NERC) to bridge the metering gap in the country. The policy evolved from the need to provide lasting solution to the problem of estimated billing. According to the…

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NAICOM (the regulator for the Nigerian insurance sector) increases the required Minimum Paid-up Capital for Insurance Companies in the Country

The regulator for the Nigerian insurance sector, National Insurance Commission (NAICOM) has increased the minimum paid-up capital of insurance companies by over 200% in a circular released on May 20 2019. The new guidelines are coming after NAICOM’s failure in its initial bid to shore up the minimum operating capital of insurance firms through its Tier Base Minimum Solvency Capital. In the new capital base, Life insurance companies will…

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Sefton Fross’ Managing Partner has been appointed Regional Representative Africa of the IBA Power Law Committee

Our Managing Partner, Olayemi Anyanechi, has recently been appointed as the Regional Representative Africa of the Power Law Committee of the International Bar Association (IBA) to serve from 1st January, 2019 to 31st December, 2020. The mission of the Power Law Committee is to provide a forum where energy lawyers with different legal backgrounds from around the world can interact and learn from one another in a setting encouraging collegiality…

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Presentation of the One Hundred Billion Naira Sukuk Proceeds

Mrs. Olayemi Anyanechi; Managing Partner, Sefton Fross pictured with Babatunde Fashola, the Minister of Works; Zainab Ahmed, Minister of Finance and Patience Oniha, the Director General of Debt Management Office at the presentation of N100,000,000,000.00 (one hundred Billion naira) 2018 Sovereign Sukuku Symbolic Cheque at the Federal Ministry of Power, Works and Housing in Abuja on 10th January 2019.

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