Dangote Refinery IPO: Law Firms Banwo & Ighodalo, Olaniwun Ajayi Appointed

Banwo & Ighodalo and Olaniwun Ajayi LP have extended their relationship with the Dangote Group by securing key legal roles in the initial public offering (IPO) of Dangote Petroleum Refinery and Petrochemicals FZE. The IPO, which could involve an offer of up to 4.1 billion ordinary shares, is anticipated to be one of Nigeria’s most significant capital-market transactions.

Banwo & Ighodalo is designated as Solicitor to the Issuer, while Olaniwun Ajayi serves as Solicitors to the Offer. Both firms have a history of advising on major financing transactions involving the Dangote Group.

Notably, Olaniwun Ajayi was involved in a recent $4 billion syndicated term loan to the Dangote Refinery, advising lenders while Banwo & Ighodalo advised the refinery. This IPO further solidifies the firms' roles in significant financial transactions in Nigeria's corporate landscape.