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NEWS & EVENTS



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

Sefton Fross managing partner

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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