Banking and Finance 2025

NIGERIA Trends and Developments

Trends and Developments Contributed by: Ozioma Agu, David Olajide and Onyinyechi Isikaku Stren & Blan Partners

Stren & Blan Partners is a full-service commercial law firm providing legal services to a diverse range of local and multinational corporations. The firm’s practice spans all key sectors of the economy, with a focus on areas critical to business interests. The firm anticipates its clients’ needs and strives to ex- ceed their expectations through an unwavering commitment to service and legal excellence. Client satisfaction is central to the firm’s approach, and it continuously aligns its objectives with their evolving business goals. With over four decades of combined

experience, Stren & Blan Partners’ legal solutions are designed to deliver premium value and practical out- comes. The firm’s cross-border of-counsel relation- ships with foreign-qualified solicitors provide an in- ternational perspective, and it leverages technology to address client needs efficiently. The firm’s lawyers are seasoned, sector-focused, and committed to de- livering cost-effective, professional, ethical, and in- novative services that enhance its clients’ business success.

Authors

Ozioma Agu is a partner at Stren & Blan Partners, leading the Energy, Finance, and Infrastructure Practice. She has advised on banking and project financings exceeding USD5 billion, involving DFIs, Nigerian and

Resources on a NGN10 billion Commercial Paper Issuance, supporting Century Energy in a USD36 million debt recovery and asset restructuring with Deloitte, and advising on Promax LLC’s Gabonese port projects and AFOS Nigeria’s Biochar Carbon Removal initiative.

international banks, export credit agencies, and the private sector. She led the legal framework for the Anambra State Electricity Market and advised on oil and gas, power, renewables, and solar mini-grid projects. Notable deals include a USD250 million subordinated financing to Africa Finance Corporation.

Onyinyechi Isikaku is an associate at Stren & Blan Partners, specialsising in energy transactions, project finance, and infrastructure development, with a focus on Nigeria and emerging markets. She is the go-to associate

for complex energy deals, advising on renewables, oil and gas financing, and regulatory compliance under the Electricity Act. Her expertise spans energy transition, DFI-backed infrastructure, and emerging technologies. She advised on a USD1 million commercial and industrial project financing in Nigeria and other landmark transactions. Skilled in structuring financing frameworks, risk allocation, and due diligence, she combines technical legal knowledge with commercial insight to deliver innovative, bankable solutions in high-growth sectors.

David Olajide is an associate in the Energy, Finance, and Infrastructure Practice Group at Stren & Blan Partners. He advises on regulatory frameworks, project financing, renewable energy, capital raising, and

sustainability. He has advised the Anambra State government on establishing a state-led electricity market, drafting the Anambra State Electricity Law, and restructuring ANSIPPA into ADIC. His experience includes acting as counsel to Jimcol

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