Bank Corporate Client Acquisitions: Employment Law Considerations
If women were selected, incentivized, or subtly pressured to use charm or appearance to attract business, this may constitute constructive dismissal, if such women feel compelled to resign.
CBN’s Open Banking Guidelines: Implications for Non-Bank Entities
It is often assumed that the CBN's Open Banking Guidelines are relevant only to banks and licensed fintech companies. However, a closer reading of the Open Banking Guidelines suggests that its application is significantly broader, extending to any company that shares...
New Capital Gains Tax Rules: Impact on Private Funds
Offshore sales of shares or interests in foreign entities may now trigger Nigerian CGT if those entities hold significant Nigerian assets.
Lagos Carbon Exchange: Key Legal & Market Considerations
The Lagos Carbon Exchange introduces a credible local alternative
New Private Equity Rules in Nigeria – New Updates
Private equity funds in Nigeria with a target size of ₦5 billion or less are now exempt from full SEC registration, though they must still file governing documents and obtain a no-objection from the SEC.
Data Protection Considerations in Mergers & Acquisitions in Nigeria
Nigeria’s consumer protection agency fined Meta $220 million because it believed that Meta breached data protection laws and that the breach was so egregious as to warrant the fine. We don’t agree with the decision of the agency, but the...
Series A Financing – What to Expect
In this update, we highlight some key Series A considerations for founders looking to raise a Series A financing
The Nigeria Tax Bill – Revisiting the New Rent Relief Allowance
It would appear that landlords and dependent adults will no longer be entitled to income tax reliefs under the Nigeria Tax Bill.
Understanding the Nigerian Climate Change Act (2021) : Q&A
Does the Act make provision for a carbon tax or emissions trading system (ETS)?
Material Adverse Change (MAC) Clause Dispute in Nigeria
The investor sought to invoke the Material Adverse Change clause to withdraw from the deal, but the seller disputed the claim
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