Nollenberger Advisory Partners Projects Strong Growth in Nigerian Capital Market
Nollenberger Advisory Partners Limited (NAPL) has reinforced its standing in Nigeria’s capital market by successfully executing transactions valued at approximately N608.93 billion in the first half of 2026. Under the guidance of Managing Director Oladipo Olakunle Jinadu, the investment banking firm has made strides in facilitating long-term financing for businesses across various key sectors of the economy.
In a recent statement, NAPL disclosed that it advised on, structured, and participated in 20 capital market transactions over this six-month period. This comprised 18 debt capital market deals worth N540.76 billion and two equity transactions totaling N68.17 billion. These activities underscore the company’s escalating influence and importance in Nigeria’s capital markets.
The transactions encompassed a diverse array of sectors, including energy, gas infrastructure, oil and gas services, manufacturing, agribusiness, financial services, fintech, insurance, consumer goods, building materials, and diversified conglomerates. Such variety highlights NAPL’s capability to cater to a broad spectrum of industries, thus reinforcing its relevance in the ever-evolving capital market landscape.
Notably, several of the capital market deals attracted robust investor interest, with many offerings experiencing significant oversubscription. This trend speaks volumes about the persistent confidence investors have in well-structured financial products. Among the most remarkable deals were Coleman Technical Industries Limited’s commercial paper, which boasted an impressive underwriting ratio of 276 percent, and Sycamore Integrated Solutions Limited’s issuance at 225 percent.
Other noteworthy issuances included NGN Gram Limited’s commercial paper with an underwriting of 200 percent, VFD Group PLC’s 181 percent, and Payaza Africa Limited’s interest-free commercial paper with a 166 percent response rate. The GLNG Funding SPV Plc Series 4 also recorded an underwriting ratio of 147 percent, reflecting strong market demand.
Olakunle Jinadu emphasized the firm’s dedicated execution capabilities, highlighting its role as lead issuer for VFD Group’s N50.67 billion rights issue, which achieved full underwriting due to effective deal structuring, investor engagement, regulatory compliance, and efficient capital distribution. He stated that this performance demonstrates the firm’s commitment to providing businesses with efficient capital access while fostering the growth and sophistication of Nigeria’s capital markets.
With over a decade of extensive experience in investment banking, Oladipo Jinadu has earned recognition for successfully structuring complex debt and equity transactions across both public and private sectors. Throughout his career, he has played key roles in sovereign debt issuances, commercial paper offerings, equity financing, and Shariah-compliant financing programs, including the Federal Government’s sukuk issuance and Taj Bank’s N10 billion mudarabah sukuk.
Looking ahead, NAPL aims to further expand its advisory services for companies seeking sustainable financing solutions while contributing to the development of deeper capital markets that support Nigeria’s long-term economic growth.
