Aliko Dangote, Africa’s richest man, saw his fortune grow by $1.3 billion (R19.6 billion) in less than a month on the back of surge in the share price of his cement company.
Top Nigerian law firm Banwo & Ighodalo promotes three to partnership globallegalpost.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from globallegalpost.com Daily Mail and Mail on Sunday newspapers.
Top Nigerian law firm Banwo & Ighodalo promotes three to partnership
19 April 2021
Top Nigerian law firm Banwo & Ighodalo promotes three to partnership
The 15-partner firm has emphasised its commitment to “organic growth” as Nigeria s growing legal market gains international focus
Banwo & Ighodalo s new partners Chinedum Umeche, Ayodele Adeyemi-Faboya and Akindeji Oyebode Images courtesy of Banwo & Ighodalo Leading Lagos-based Nigerian law firm Banwo & Ighodalo (B&I) has elevated three lawyers to its partnership, demonstrating the firm’s ongoing commitment to organic growth amidst a heightened international focus on Nigeria’s burgeoning legal market. Chinedum Umeche, a commercial litigation and arbitration expert, and Ayodele Adeyemi-Faboya, a corporate specialist and former Clifford Chance associate, both join the partnership after a decade with B&I.
Judging from recent headlines, Nigeria has unleashed one of the most spectacular legal attacks on one of its key oil and gas investors, to an extent previously unseen in the country’s more than 60 years of hydrocarbon production.
Shell has been active in Nigeria ever since the African country opened up to international investment in the early 1960s, maintaining its position as one of the leading actors in its upstream segment, accounting for roughly 10% of Nigeria’s crude production.
Seemingly, the timing is quite inopportune for a large-scale feud – projects are getting delayed and drilling contracts cancelled, Nigeria’s GDP dropped 2% in 2020 just as was bouncing off its period of economic lassitude and OPEC+ production curtailments limiting the potential output of Nigerian producers.