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Regulatory Update – New Regulations from Nigeria’s Cosmetics & Beauty Care Product’s Regulator Prohibit Trading and Use of Certain Bleaching Agents and Other Chemicals used in the Formulation of Cosmetics/Beauty Products

Nigeria’s National Agency for Food & Drug Administration & Control (NAFDAC) has issued new regulations prohibiting the use and trade, in skin bleaching agents and certain other chemicals used in formulating beauty products. In many ways, the New Regulation signals the seriousness with which the NAFDAC now wants to pursue the prosecution of persons involved...

Balogun Harold advises Partech on Kudi.AI’s 5 Million Series A Financing

Kudi.ai, the Nigerian leader in digital payment and collection for the cash economy, has completed its Series A financing raising USD5Million to accelerate the growth of its distributed bank agents in Nigeria. The financing was led by Partech and joined by Michael Siebel of Y-Combinator (YC CEO). Existing investors, Khosla Ventures and YC also participated...

Electricity Distribution Franchising – Progressive Unbundling of Electricity Distribution Services in Nigeria

The Nigerian Electricity Regulatory Commission (NERC) is considering additional unbundling of the Electricity Distribution Sector in Nigeria. The NERC intends to do this by enforcing a franchising scheme that would allow third-party customer groups, structured as “registered associations”, to obtain a legal authorisation to provide electricity distribution services within the license area of an Electricity...

Selling a Portfolio Company – Exit Planning & Structuring Considerations For The Exit Plan

At some point, a Private Equity Fund Manager (Fund Managers) would often find out that, indeed, every aspect of the fund raising and investment cycle is a disciplined process and that the degree of discipline that is brought to bear on each process may be directly proportional to the success of a Fund Manager. Exit...
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