Nollenberger Advisory Partners Reports Strong Capital Market Activity in H1 2026
Nollenberger Advisory Partners Limited (NAPL) announced that it facilitated capital market transactions totaling approximately N608.93 billion in the first half of 2026, highlighting the resilience of fundraising efforts in Nigeria’s debt and equity markets amid challenging macroeconomic conditions.
Robust Capital Market Engagement
The investment banking and financial advisory firm disclosed that it advised on, structured, or took part in 20 capital market transactions within a six-month timeframe. Of these transactions, 18 were in the debt capital market, valued at N540.76 billion, while two equity deals accounted for N68.17 billion.
Diverse Sector Participation
These transactions span several key sectors including energy and gas infrastructure, oil and gas services, manufacturing, agribusiness, financial services, fintech, insurance, consumer goods, building materials, and diversified conglomerates. This diverse engagement underscores a sustained corporate appetite for capital market financing, particularly as borrowing costs in traditional banking rise.
Investor Interest in Issuances
Notably, several capital market issuances garnered significant investor interest, with commercial paper and sukuk offerings witnessing oversubscription. Coleman Technical Industries Limited reported a subscription rate of 276% for its commercial paper, while Sycamore Integrated Solutions Limited and NGN Gram Limited achieved rates of 225% and 200%, respectively. VFD Group Plc’s offerings saw subscriptions at 181%, while Payaza Africa Limited recorded a rate of 166% on its interest-free commercial paper.
Key Milestones in Assignments
Among its key assignments during this period, NAPL served as the lead issuer for VFD Group’s fully subscribed N50.67 billion rights issue. This achievement reflects the growing importance of Nigeria’s capital market in corporate financing, as businesses increasingly utilize commercial paper, debt, and equity offerings to diversify funding avenues and decrease reliance on traditional banking solutions.
Focus on Long-Term Capital Accessibility
Managing Director of Norrenberger Advisory Partners, Mr. Oladipo Olakunle Jinadu, emphasized the firm’s commitment to facilitating long-term capital access for businesses while contributing to the deepening of Nigeria’s capital markets. With over 10 years of investment banking experience, Mr. Jinadu has been involved in numerous debt and equity capital market transactions, including sovereign debt issuances and sukuk programs. His previous roles include positions at Chapel Hill Advisory Partners Limited and Greenwich Capital Limited.
Positioning for Future Growth
As Nigeria’s capital markets evolve, Mr. Jinadu remains dedicated to establishing Nollenberger Advisory Partners as a trusted advisor for firms seeking efficient capital access. The goal is to foster deeper and more sophisticated capital markets that support sustainable economic growth in the region.
