About Us

DLM Advisory Limited (DLMA), a subsidiary of the DLM Capital Group, is a Development Investment Bank that is currently rated A+ by DataPro, BBB by Augusto and BBB- by GCR. It provides innovative solutions to economic and social development problems that impact the everyday lives of people. Since its inception, DLMA has concentrated on creating markets, products, and long-term financing solutions to key sectors of the Nigerian economy that would benefit stakeholders sustainably while improving the well-being of end-users. DLMA thrives on funding sectors of the Nigerian economy using innovative financing techniques, such as securitisation and other structured finance techniques.

Our Services

Financial Advisory & Restructuring

We guide companies through financial restructuring, including but not limited to debt management, recapitalisations, and turnaround strategies for better efficiency.

Capital Markets  

We assist clients in raising capital through equity and/or debt instruments, structuring tailored solutions to meet the needs of the clients. 

Underwriting

We engage in underwriting services, particularly in securities issuance, by facilitating the successful placement of bonds, shares, or other financial products.

Mergers & Acquisitions 

We provide M&A advisory services, assisting clients in both buying and selling companies, navigating mergers, and executing strategic acquisitions.

Company or Institution Set-up Advisory  

We provide consultancy for businesses setting up or expanding in Nigeria, offering advice on market entry, compliance, and optimized structures.

Why Choose Us?

DLM Advisory Partners has executed some of the most complex transactions in the history of the Nigerian Capital Markets. We have equally introduced some of the most innovative structuring solutions to our clients’ financing challenges.

Solid Capital Raising Track &
Experienced Issuing House

DLM has relevant and recent experience in the Nigerian Capital Markets having led as well as supported on execution of several award winning deals.

Strong Execution Capabilities

DLM has consistently been ranked as a leading investment bank in Nigeria having led the execution of some landmark capital raising deals.

Institutional Coverage of
Investor Universe

DLM has a strong distribution network driven by dedicated Sales team (retail and institutional) and over the years, has built strong relationships with key local and international investors.

In-depth Research Coverage

We remain updated on market developments, economic trends, and investment strategies to enhance our approach and adjust to evolving conditions.

What Sets Us Apart

DLM Advisory has been named the best securitization house in 2017, 2018, 2019, and 2020 by Global Banking and Finance, as the business continues to be the industry leader in providing creative alternatives for corporate issuers to raise debt capital. Here are some of the things that sets up apart:

Deep Market Knowledge

At DLM Advisory, our comprehensive understanding of various markets including financial markets, industry specific markets, geographic markets, regulatory environments, market trends and insights sets us apart.  As the premier structured finance and securitization team in West Africa, with a proven track record of delivering first-class, client-specific financing solutions, we provide innovative capital market structures tailored to the unique needs of businesses and investors.  DLM Advisory’s pioneering approach was demonstrated in the structuring and execution of CERPAC Asset Backed Debt Issuance Programme, Nigeria’s first-ever future-flow securitization transaction, followed by the successful securitization of Primero Transport Services Limited’s (PTSL) Bus Rapid Transit System (BRTS) ticket receivables. These milestone deals underscore our ability to structure innovative financing solutions that address real economic challenges. 

Customer Experience

At DLM Advisory, we are committed to delivering an unparalleled financial advisory experience tailored to clients specific needs. Our approach is built on deep market expertise, innovative solutions, and a client-first philosophy, ensuring that every engagement drives measurable value and long-term success. We believe in a bespoke approach to financial advisory. Every business is different, and so are its financial needs. Our team works closely with clients to understand their unique needs and design strategies that align with their specific goals, industry dynamics, and financial landscape. With years of experience in the financial markets, we leverage cutting-edge insights and industry trends to provide strategic guidance that keeps businesses ahead of the curve. With DLM Advisory, you gain more than a financial advisor—you gain a trusted partner committed to your success. 

Technology

DLM Advisory leverages technology to enhance financial advisory and transaction execution. We employ sophisticated modeling tools to develop accurate forecasts, stress-test scenarios, and provide real-time insights.

Our People

DLM Advisory’s team comprises experienced professionals with deep expertise in various fields including finance, law and industry specific domains. As a pan African firm, we have a diverse team with a global perspective enabling us to provide tailored advice and solutions to cater to our local and international clients. Our team has established strong connections and network across various industries and geographies, facilitating access to valuable insights, opportunities and partnerships and has established a strong reputation and credibility in the market, built on expertise, experience and track record of delivering successful outcomes for clients.  

Track Record

At DLM Advisory, we leverage our proven expertise to deliver tailored financial solutions. We consistently drive impactful results

Capital Raising
N10 Billion Commercial Paper programme 

₦1.29Billion 27.5% 180days & ₦1.13billion 30% 270-days Series 2 Commercial Paper

Joint Arranger/Dealer/IPA 2024
N10 Billion Commercial Paper programme 

₦4Billion 25% 270-days Series 3 Commercial Paper

Joint Arranger/Dealer/IPA 2024
₦9 Billion Commercial Paper Programme

₦4.2Billion 25% 270-days Series 5 Commercial Paper

Sole Issuing House/Book Runner 2024
N20 Billion Commercial Paper programme 

₦1.4 Billion 24% Series 15 Tranche A & ₦3.6 Billion Tranche B 24% Commercial Paper 

Joint Arranger/Dealer/IPA 2024
₦9 Billion Commercial Paper Programme

₦3.4 Billion 21.0% 270-days Series 1 Commercial Paper 

Sole Issuing House/Book Runner 2023
₦100 Billion Medium Term Note Programme

₦23 Billion 14.40% Series 1 Fixed Rate Bonds Due 2028 

Lead IssuingHouse/Book Runner 2023
₦20 Billion Commercial Paper Issuance Programme

₦ 1.27 Billion 12.00% Series 3 & ₦881.62 Million 13.00% Series 4 Notes
 

Joint IssuingHouse/Book Runner 2022
₦500 Billion Medium-TermNote Programme

₦137.328 Billion 13.00% Fixed Rate Series 4 Bonds 

Joint IssuingHouse/Book Runner 2021
₦200 Billion Medium TermNote Programme

₦89.9 Billion 12.75% Fixed Rate Series 2 Bonds 


Joint IssuingHouse/Book Runner 2021
₦200 Billion Medium TermNote Programme

₦110 Billion 13.00% Fixed Rate Series 1 Bonds 


Joint IssuingHouse/Book Runner 2021
N20 Billion Commercial Paper programme 

₦1.24 Billion 13.50% Series 1 Notes & ₦1.01 Billion 14.50% Series 2 Notes 

Joint Arranger/Dealer/IPA 2021
Financial Advisory
Primero Transport Services Limited

Advised on the restructuring of the companies balance sheet 

Sole Financial Adviser 2018
Food Concepts Plc

Corporate Restructuring/ Demerger


Sole Financial Adviser 2014
Keystone Bank Limited

Divestiture from PHB Capital & Trust Limited
 

Sole Financial Adviser 2014
Mainstreet Bank Limited

Corporate Restructuring of Subsidiaries


Sole Financial Adviser 2013
Bank PHB/ PHB Capital & Trust

Divestiture 


Sole Issuing House 2012
AIICO Insurance 

Corporate Restructuring/ Merger 


Sole Issuing House 2011
Bayelsa State Government of Nigeria 

Debt Restructuring ₦50 Billion 


Sole Issuing House 2010
Mergers & Acquisitions

MultiChoiceNigeria 




Mergers & Acquisition 

Sole Financial Adviser 2016

CitiHomes Finance




CompanyAcquisition 

Sole Financial Adviser 2014

ESS Investment & TrustLimited




Acquisition

Sole Financial Adviser 2012

Access Investment andTrustLimited




 Acquisition 

Sole Financial Adviser 2011
Company Set-up Advisory

Advised on the Establishment and Capitalisation of the Institution




Sole Financial Adviser 2019

Advised on the Restructuring of the African Petroleum Producers Organisation Fund into Africa Energy Investment Corporation and $1 Billion Capitalisation of the Institution


Sole Financial Adviser 2018

Advised on the Establishment and Capitalisation of the Institution



 

Sole Financial Adviser 2017

Set-up Advisory





Sole Financial Adviser 2014

Advised on the Establishment and Capitalisation of the Institution




Sole Issuing House 2013

Client Satisfaction & Excellence

Our principle was extensively involved in the formation of the Nigerian Bond Market, which continues to play an important role in its progress. In addition to our significant fixed income expertise, we have helped with clients to issue equity, participate in mergers and acquisitions, business valuations, divestitures, private placements, syndicated and club loans, restructurings, and other financial consulting services. We have also played an important part in establishing some of the most current development vehicles in Nigeria and throughout the continent, in collaboration with a wide range of market stakeholders.

Our Clients

From SMEs to multinational corporations, see how we support diverse needs.