Nigeria: M&A/Private Equity

The Securities and Exchange Commission ("SEC") recently released the Rules on the Issuance and Allotment of Private Companies' Securities (the "Rules").

On 7 February 2025, the Federal High Court, Lagos Division (the Court), in Emeka Nnubia v. Minister of Industry, Trade and Investment, Federal Competition and Consumer Protection Commission & MTN...

Running a business whether a company or Small and Medium Enterprises (SME's) can be financially demanding. Where this is the case, business owners seek various options to fund the business.

Establishing a business in Nigeria can be challenging, especially when navigating complex regulatory requirements and high operating costs.

The Nigerian Startup Act 2022 (NSA) is a significant piece of legislation, designed to foster innovation, attract investment, and create a favourable business climate for tech-enabled startups in Nigeria. It aims to position Nigeria as a leading hub for digital entrepreneurship in Africa by removing regulatory barriers and offering targeted incentives.

Compliance with corporate regulations is a fundamental aspect of operating a business legally and efficiently in Nigeria. Among these regulations, the requirement to file annual returns...

On April 2, 2025, the President of the Federal Republic of Nigeria exercised his powers under Section 59(2) of the Petroleum Industry Act (PIA) 2021 to appoint Mr. Bayo Ojulari...

Many founders think of fundraising as a single event. We like to think of a Series A financing as a series of tightly linked actions that unfold quickly...

Startups often find themselves navigating the complex world of fundraising, and one term that's becoming increasingly common is the "Pre-Series." But what does it really mean, and when should you use it?

The Securities and Exchange Commission ("SEC") recently released the Rules on the Issuance and Allotment of Private Companies' Securities (the "Rules").

Paragraph 14(b) Part II of the Second Schedule of the 1999 Constitution of the Federal Republic of Nigeria and Section 2(2) of the Electricity Act of 2023 ("EA") empowers states in Nigeria...

Barely a month after the much-celebrated reopening of the Warri Refining and Petrochemical Company, the Refinery has come to a grinding halt.