Banwo & Ighodalo is praised for its ‘deep understanding of technical expertise, commercial acumen, and a culture of genuine collaboration’. Ken Etim co-leads the practice and has extensive experience in a range of energy and project development transactions, while Stella Duru has expertise in the oil and gas sectors. Kehinde Ojuawo specialises in crude oil sale arrangements and Akindeji Oyebode is experienced in energy finance transactions.
Energy and natural resources in Nigeria
Banwo & Ighodalo
Praxisleiter:
Ken Etim; Stella Duru; Kehinde Ojuawo; Akindeji Oyebode
Referenzen
‘This team are at the top of their market – technically excellent and commercially pragmatic. Great people who are always a joy to work with.‘
‘What makes Banwo & Ighodalo’s practice unique is their combination of deep understanding of technical expertise, commercial acumen, and a culture of genuine collaboration both internally and with clients. The team is skilled in their legal disciplines; they are also adept at understanding the sectors in which their clients operate. This makes their advice not only technically sound but also commercially strategic.‘
‘Onyinye Dimkpagu is an exceptional professional. She welcomes feedback and gives the best to client’s concerns.‘
Kernmandanten
Abia State Government
Bureau of Public Enterprises
Cainergy International Limited
Chevron Nigeria Limited
ColdHubs Limited
ENI International BV
Elektron Limited
Lagos State Electricity Regulatory Commission
MRS Oil and Gas Company Limited
ND Western Limited
Nigerian National Petroleum Company Limited
Nigerian Upstream Petroleum Regulatory Commission
Oriental Energy Resources Limited
Phoenix Infrastructure Development Limited
Renaissance Africa Energy Holding Limited
Highlight-Mandate
- Advised Renaissance Africa Energy Holding Limited (RAEC) in relation to its acquisition of The Shell Petroleum Company Limited’s entire shareholding in The Shell Petroleum Development Company of Nigeria Limited (SPDC).
- Advised the Mandated Lead Arrangers (and the syndicate of Lenders) who provided acquisition finance to Chappal Energy Mauritius Limited for the acquisition of 100% shares in Equinor Nigeria Energy Company Limited.
Dentons ACAS-Law
Co-led by vastly experienced Felicia Kemi Segun and Taiwo Afonja, Dentons ACAS-Law assists local and international clients on the full range of matters including project development, financing, and regulatory compliance. Segun focuses on energy matters with a particular focus on joint ventures and acquisitions as well as petroleum taxation, while Afonja has extensive experience in cross-border transactions. Omolola Coker is a key port of call for energy company investments while Abdulmajeed Abolaji is knowledgeable of transactions related to energy infrastructure
Praxisleiter:
Felicia Kemi Segun; Taiwo Afonja-Fagade
Weitere Kernanwälte:
Omolola Coker; Abdulmajeed Abolaji
Referenzen
‚Dentons ACAS-Law possesses more than sufficient knowledge of the power industry and has so far helped us so far in the divestment of one of our subsidiary. They are also adept in mergers and acquisitions matters.‘
‘Omolola Coker and Abdulmajeed Abolaji were exceptional and displayed their skills and knowledge of M&A.’
Kernmandanten
West Power & Gas Limited
Chappal Energies Mauritius Limited
Saipem Contracting Nigeria Limited
Rana Power Tech Limited
All On Partnerships for Energy Access
Highlight-Mandate
- Advising West Power & Gas Limited on the divestment of its 60% stake in Eko Electricity Distribution Company Plc (EKEDP) to Transgrid Enerco Limited – a consortium comprising North South Power Limited, Axxela Limited, and Stanbic Infrastructure Fund.
- Advising ChappalEnergies Mauritius Limited in connection with the acquisition of 100% of the shareholding interest of Equinor AS in Equinor Nigeria Energy Company Limited (“ENEC”).
- Advising ChappalEnergies Mauritius Limited (Chappal) in connection with its acquisition of TotalEnergies EP Nigeria Limited’s 10% non-operated interest in onshore and shallow water assets held under the joint venture with Shell Petroleum Development Company, NNPC Limited, and Nigerian Agip Oil Company.
G. Elias & Co
Commended for its ‘excellent energy knowledge and good collaboration’, G. Elias & Co is regularly turned to by production companies, financial institutions, as well as builders and developers on the gamut of energy matters. The practice is under the joint leadership of Gbolahan Elias, SAN, who represents domestic and international clients in a range of oil and gas matters including upstream divestments and joint venture arrangements, and Okechukwu Okoro, who advises on transactions in the electric and power sectors. Emeka Ezekwesiri is also a key member within the team.
Praxisleiter:
Gbolahan Elias, SAN; Okechukwu Okoro
Weitere Kernanwälte:
Emeka Ezekwesiri
Referenzen
‚The team is incredibly dedicated. They provide us with multiple solutions.‘
‘Excellent energy knowledge and good collaboration.’
‘Gbolahan Elias is a legal icon in the Nigerian legal and project transactions space. His vast knowledge of Nigerian laws is unquestionable.’
Kernmandanten
African Export-Import Bank
Shell International BV
Macready Oil and Gas Services Company Limited
All On Partnerships for Energy Access Limited by Guarantee
Atlantic Terminal Infrastructure Limited
Brickwater Petroleum and Gas Limited
VTT LNG West Africa Limited
Climate Technology Centre and Network
PricewaterhouseCoopers
Highlight-Mandate
- Advised Shell BV on the divestment of its interest in Shell Petroleum Development Company Limited (“SPDC”), the largest upstream operator in Nigeria.
- Advised a global syndicate of lenders led by African Export-Import Bank on the US$3.3 billion crude-oil-backed prepayment facility sponsored by the Nigerian National Petroleum Company Limited (“NNPC”).
- Advised All On, a Shell group vehicle dedicated to developing solar energy projects in Nigeria, on its multi-million dollar investment to several renewable energy project developers.
Olaniwun Ajayi LP
Olaniwun Ajayi LP stands out for ‘its strong industry expertise, commercial insight, and client-focused approach’, and is led by a trio of individuals Tominiyi Owolabi, Wolemi Esan SAN, and Ibi Ogunbiyi. Owolabi has extensive experience in the oil and gas sector and handles complex projects as well as acquisitions, Esan boasts experience in the power, infrastructure, and mining sectors, and Ogunbiyi specialises in project finance and development.
Praxisleiter:
Tominiyi Owolabi; Wolemi Esan, SAN; Ibi Ogunbiyi
Referenzen
‘Olaniwun Ajayi LP’s energy team stands out for its strong industry expertise, commercial insight, and client-focused approach. The partners are exceptional and always willing to support our in-house team. They help break down the most complex principles and offer innovative solutions to dimensioning our transactions. The associates and other team members are collaborative and responsive. The quality of work is of a high standard. Olaniwun Ajayi LP is most certainly a trusted and forward-thinking partner for our business.’
‘The team is accessible and highly responsive, consistently offering practical solutions and smart strategies for even the most complex transactions. They ensure seamless collaboration across practice areas whenever needed, giving us the benefit of the firm’s full expertise.‘
Highlight-Mandate
Templars
Templars‘ energy team is capable of servicing local and international clients across diverse sectors including oil and gas, power, infrastructure, and projects. At the helm of the practice, Dayo Okusami has extensive knowledge in oil and gas law and has experience handling acquisitions and divestments in the energy sector, while Sesan Sulaiman specialises in tax advisory, with a particular focus on petroleum profits tax. Damilola Oshodi focuses her practice on the development of oil and gas infrastructure, Temple Ezebuike handles project finance matters, and Yemisi Awonuga departed the firm in May 2025.
Praxisleiter:
Dayo Okusami
Weitere Kernanwälte:
Sesan Sulaiman; Damilola Oshodi; Temple Ezebuike
Kernmandanten
ExxonMobil Corporation
Chevron
Equinor ASA
TotalEnergies EP Nigeria Limited
UTM Offshore Limited
Multipurpose Industrial Platform Limited
Rack Centre Limited
Elektron Energy Petroleum and Mining Limited
Lagos Free Trade Zone Company
World Bank Group
Green Flare Nigeria Limited
Vitol SA
Metrowaves Sports and Infrastructure Limited
New Hampshire Capital Limited
Energy& LLP
The Floating Solar Company Limited
Oyo State Government
Federal Ministry of Transportation
Highlight-Mandate
- Advising TotalEnergies EP Nigeria Limited (“TEPNG”) and its parent company, TotalEnergies SA on the divestment of TEPNG’s 10% participating interests in 18 OMLs and the retention of the economic interests in 3 of the OMLs.
- Advised the shareholders of Mobil Producing Nigeria Unlimited (“MPNU”) in connection with the equity divestment of MPNU to Seplat Energy Offshore Limited, a wholly owned subsidiary of the Nigerian independent oil and gas company, Seplat Energy Plc.
- Advised Green Flare Nigeria Limited on Nigeria’s first flare gas-powered digital infrastructure project, developed in partnership with a global technology firm.
AELEX
AELEX has established a focused energy and natural resources team that is well-equipped to assist both domestic and international clients on a range of matters, including project finance, M&A, and project development. The practice is jointly steered by Lawrence Fubara Anga SAN, who is experienced in advising clients on PPP projects and infrastructure development, and Olusina Sipasi, who is informed in environmental issues. Energy disputes expert Raymond Ofagbor and energy projects financing specialist Merit Okafor are core associates within the team.
Praxisleiter:
Lawrence Fubara Anga (SAN); Olusina Sipasi
Weitere Kernanwälte:
Raymond Ofagbor; Merit Okafor
Referenzen
‘I have worked with AELEX in respect of oil and gas transactions. Their personnel are thorough in their legal opinions and are willing to understand and meet client needs.‘
‘The team I work with are available, have quick turnaround times, and are efficient.’
Kernmandanten
Federal Ministry of Power
Lekoil Limited
Channeldrill Resources Limited
ADDAX Petroleum
CNOOC
Mobil Petroleum Nigeria
Shell Nigeria Exploration & Production Company Limited
Dangote Oil Refining Company Ltd
Taopex Energy Services Co Ltd
Anfani UK Limited
Azura Power West Africa Limited
Highlight-Mandate
Aluko & Oyebode
The energy and natural resources practice at Aluko & Oyebode covers a wide array of matters, including regulatory and compliance, grants and assets acquisitions, as well as energy related disputes. The team is co-led by Kofo Dosekun, who specialises in cross-border project financing and Oghogho Makinde, who focuses on PPP and infrastructure projects. Another notable member of the team is Oludare Senbore, who advises clients on the regulatory framework in the utilities and power space.
Praxisleiter:
Kofo Dosekun; Oghogho Makinde
Weitere Kernanwälte:
Oludare Senbore
Referenzen
‚A&O has market leading practices in broad practices areas.‘
‘The quality of work is outstanding and the response time is commendable. Good depth within the team on expertise.’
Kernmandanten
Sterling Bank Limited
Stanbic IBTC Asset Management Limited
Frontier Oil Limited
Shell Petroleum Development Company of Nigeria Limited
Deutsche Bank AG
Nigerian Agip Oil Company Limited (Now OANDO Energy Resources)
Highlight-Mandate
- Acted as lender’s counsel in connection with the term loan facility granted to SPL Utorogu Limited (SPL) for the financing of a supplementary gas treatment/processing plants.
- Acted as lead project counsel on the construction of a 12,000 bpd modular refinery project and in relation to a US$168,200,000 secured DFI and commercial term facility provided by African Export-Import Bank and Africa Finance Corporation for the completion of the construction of the Project.
- Advised a lender in relation to a US$340 million acquisition facility to part-finance the acquisition of acquire the entire shareholding of The Shell Petroleum Development Company of Nigeria Limited through a special purpose vehicle.
Bloomfield LP
Bloomfield LP energy and natural resources practice has an ‘in-depth understanding of Nigeria’s complex regulatory and commercial energy environment’, and is well-versed in oil and gas, power, and renewable energy projects. The team, which is experienced in the deregulation and privatisation of the power sector, is led by Ayodele Oni, while Adedoyin Afun specialises in syndicated and non-syndicated project financing.
Praxisleiter:
Ayodele Oni
Weitere Kernanwälte:
Adedoyin Afun
Referenzen
‚Bloomfield LP’s energy & natural resources team is recognised for its robust sector expertise, cross-disciplinary capacity, and in-depth understanding of Nigeria’s complex regulatory and commercial energy environment.‘
‚The individuals within Bloomfield LP’s energy & natural resources team, led by the brilliant Ayodele Oni, stand out for their deep industry knowledge, strategic thinking, and practical approach to solving complex regulatory and commercial challenges in energy transactions.‘
Kernmandanten
Nigerian Upstream Petroleum Regulatory Commission
Conoil Producing Limited
Gas Aggregator Nigeria Ltd
Nesgas Producing Limited
Daybreak Power Solutions Limited
Continental Oil and Gas Limited
Cosgrove Energy Limited
Voltworx Electric Limited
TIS Renewable Energy Limited
Tetracore Energy Group Limited
Aradel Refineries Limited
ND Western
Aradel Energy Limited
Oando Energy Limited
Highlight-Mandate
- Advised the Federal Government of Nigeria, through the Nigerian Upstream Petroleum Regulatory Commission, on the regulatory approval of the transfer of the one hundred percent (100%) issued shares in Nigerian Agip Oil Company Limited (“NAOC”), held by Eni International B.V. and Eni Oil Holdings B.V., to Oando Oil II Cooperatief UA.
- Advising Conoil Producing Limited (“Conoil”) in respect of a proposed acquisition of one hundred percent (100%) participating interest in OMLs 86 and 88 (the “Assets”) currently vested in Nigeria National Petroleum Company Limited (“NNPCL”).
- Providing legal advisory services to Daybreak Power Solutions Limited (“Daybreak”) in connection with its acquisition of several off-grid electricity generation licences for some of its power plant projects from the Nigerian Electricity Regulatory Commission.
Udo Udoma & Belo-Osagie
Udo Udoma & Belo-Osagie is capable of handling a range of issues, including renewable energy projects, infrastructure facilities, and power projects. Nicholas Okafor specialises in project finance as well as infrastructure transactions; Folake Adebowale focuses her practice on petroleum investments, acquisitions, and divestments; and Adeola Sunmola handles financing for oil and gas, transport, and power deals.
Praxisleiter:
Folake Elias-Adebowale; Nicholas Okafor; Adeola Sunmola
Referenzen
‘UUBO is an excellent law firm with whom we have worked (and continue to do so) for a long period. The team is well led, efficient, and demonstrates expertise and experience in the areas needed.’
‘UUBO has a strong expertise in the energy sector and in the Nigeria lending practice. They are extremely reliable and provide strong advice in the best way.‘
‘They see themselves as very much a part of the wider core client team. This manifests itself in their valuable insight across commercial and substantive issues on transactions.’
Kernmandanten
Echosys Invest
Afrigreen Debt Impact Fund
Seplat Nigeria Plc
Norton Rose Fulbright
d.light Inc
Africa Export-Import Bank
Fidelity Bank
Mediterranean Shipping Company
OSM Thome
Green Dawn Limited
Highlight-Mandate
- Advised Seplat on the Nigerian elements of its successful completion of its acquisition of the shares of two holding companies.
- Acted as lead counsel to Echosys Invest, acting as Fund Advisor to the Afrigreen Debt Impact Fund (the “Lender”), in connection with the provision of financing.
- Advised Mediterranean Shipping Company on the proposed sub-concession of the container terminal and related infrastructure at the Snake Island Integrated Free Zone.
Abdulai, Taiwo & Co
With a particularly active energy and natural resources team, Abdulai, Taiwo & Co is well-equipped to handle a range of matters including transport, airport, water, and infrastructure projects. The department is led by a trio of partners, Kunle Ayansola, who focuses on power purchase and power assets agreements, Alayo Ogunbiyi, who handles project finance and Akin Osinbajo, SAN, who specialises in disputes in the energy space.
Praxisleiter:
Kunle Ayansola; Alayo Ogunbiyi; Akin Osinbajo, San
Kernmandanten
African Refinery Group
Sector Lead Limited
Transmission Company of Nigeria
Bureau of Public Enterprises
Central Electric and Utilities Ltd
China Energy Engineering Co Ltd
Sakr Power Generation Systems Ltd
Solar Sisters Enterpreneurs Ltd Gte
AG Goldtrust Co Ltd
PV-Water International
Highlight-Mandate
- Advised Sector Lead Limited on multiple “waste-to-energy” (green energy) public–private partnership projects across several states, including Kaduna, Rivers, Taraba, Oyo, Edo, Plateau, Benue, and Kwara.
- Advised African Refinery Port Harcourt Ltd on the USD 1.67 Billion 100,000 bpd co-location joint venture refinery with the Nigerian National Petroleum Co Ltd (NNPC).
- Advised Central Electric & Utilities Consortium on the bid and acquisition process for the sale of Olorunsogo II Power Plant and Benin (Ihovbor) Generation Co under the Bureau of Public Enterprises (B.P.E) bid process.
Odujinrin & Adefulu
Praised by clients for its ‘deep expertise in Nigeria’s oil and gas sector, particularly in navigating the Petroleum Industry Act’, the energy practice at Odujinrin & Adefulu is led by Adeoye Adefulu, who has extensive experience advising project developers and independent petroleum producers on various aspects of energy law. Lateef Bamidele is a key associate in the team and assists energy clients in policy and transactional issues.
Praxisleiter:
Adeoye Adefulu
Weitere Kernanwälte:
Lateef Bamidele
Referenzen
‘Odujirin and Adefulu stands out for its deep expertise in Nigeria’s oil and gas sector, particularly in navigating the Petroleum Industry Act and complex upstream transactions. The team provides clear, practical, and commercially focused advice, with impressive responsiveness even under tight deadlines.’
‘Adeoye Adefulu combines technical excellence with a strong understanding of industry dynamics and demonstrates exceptional diligence and drafting skill.‘
‘Odujinrin & Adefulu is a boutique firm which provides dedicated bespoke services tailor-made to address its client’s problems. The firm’s energy & natural resources practice is top-notch for oil & gas independents in Nigeria, with out of the box solutions/advice rendered to resolve complicated matters. The firm also believes in collaborating with clients to ensure optimal solutions are reached in good time.’
Kernmandanten
Chevron Nigeria Limited
Independent Petroleum Producers Group
Oriental Energy Resources Limited
Oando
Afreximbank
Geoplex Drillteq Limited
Major Energies Marketers Association of Nigeria
Mobil Producing Nigeria Unlimited
Oriental Okwok Limited
BGL
FIRST Exploration and Production Development Company Limited
Highlight-Mandate
- Advised Geoplex Drillteq Limited on its technical and financial collaboration for the development of Petroleum Prospecting License (PPL) 203.
- Acted as joint legal counsel to provide legal advisory services on the Petroleum Industry Act (PIA) 2021 and various regulations that govern Chevron’s activities, specifically legal opinions to Chevron on the governance and administration of host communities ‘chapters of the PIA.
- Actee as retained counsel to the Independent Petroleum Producers Group (IPPG), an influential association comprising 28 of Nigeria’s leading indigenous exploration and production companies.
DLA Piper Africa, Nigeria (Olajide Oyewole LLP)
The finance and projects team at DLA Piper Africa, Nigeria (Olajide Oyewole LLP) advises both domestic and international clients on a range of matters including acquisition finance, asset-based lending, and cross-border investments. The practice is under the joint leadership of Dayo Idowu, who focuses on the financing of infrastructure and energy projects and Solape Peters, who specialises in drafting and negotiating construction and engineering contracts.
Praxisleiter:
Dayo Idowu; Solape Peters
Referenzen
‚The energy and natural resources team at Olajide Oyewole LLP is widely respected for its in-depth sector knowledge, commercial awareness, and ability to deliver practical, solution-driven advice. The team is known for providing commercially focused guidance that helps clients manage the complexities of doing business in Nigeria’s evolving energy market.‘
‚The lawyers at Olajide Oyewole LLP are recognised for their deep technical expertise, commercial awareness, and genuine dedication to client service. What makes the team particularly stand out is the balance between legal precision and practical, business-minded advice.‘
Kernmandanten
Oando Energy Resources Inc
Oando Plc
Mainstream Energy Solutions
Mitsubishi Power Europe Limited
Argentil Capital Partners Limited
Future Energies Africa Limited
NNPC Limited
BB Energy
Bagaja Renewables Ltd
Samsung Heavy Industries
Standard Bank
Rand Merchant Bank
Federal Mortgage Bank of Nigeria
Sonata Agri International Limited
Argentil Asset Management limited
Providus Bank Limited
African Export Import Bank
Ernst and Young
Lekki Concession Company
Nigerian National Petroleum Company Limited
Lagos State Government
Future Energies Africa Ltd
Lagata Group
Bagaja Renewables Ltd
Cappa & D’alberto Limited
Leonardo SPA
Solevo Holding BV
Sapio Utilities Ltd
Damcrest Energy Limited
Highlight-Mandate
- Advised Oando Energy Resources Inc and Oando Petroleum and Natural Gas Limited in connection with the landmark acquisition of 100% of the shares in Nigerian Agip Oil Company Limited (“NAOC”), and its 20% participating interest in the NEPL/NAOC/OOL joint venture.
- Advised Oando Oil Limited, a holder of 20% participating interest in the NEPL/NAOC/OOL joint venture (a subsidiary of Oando PLC), on the upsizing of its reserve-based lending (RBL) facility to an aggregate amount of USD 375 million.
- Advised Future Energies Africa Limited in relation to the acquisition of the 60% shareholding in Kano Electricity Distribution Company Plc.