Syndicated loans play a vital role in financing Nigerian companies, especially those operating in capital-intensive industries like oil and gas, infrastructure, and manufacturing. Despite their importance, these loans often carry substantial costs such as interest charges, various fees, and regulatory compliance expenses, which can make borrowing less affordable for local firms. This paper examines the different cost elements tied to syndicated loans in Nigeria, the pricing strategies adopted by lending institutions, and the impact of regulatory frameworks on how these loans are priced. Additionally, it presents an advocacy viewpoint that calls for more equitable pricing models, stronger negotiation tactics by borrowers, and supportive regulatory measures. Drawing on real-life case studies from Nigeria’s syndicated loan market, the paper outlines effective practices and suggests policies to enhance pricing transparency and promote borrower-friendly terms.