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.
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
Institutional Limited Partners Association New Reporting Standards
Following extensive industry consultation, the Institutional Limited Partners Association ("ILPA") has now released an updated Reporting Template and a new Performance Template
Public Private Partnerships in Nigeria
Promoters faced a tight deadline to prepare and submit their bid, necessitating rapid yet thorough legal and technical reviews
Meta’s Changes: More Speech, Fewer Mistakes
Whilst Meta’s proposed changes raise some concerns regarding online safety, there are a number of reasons why Meta’s pro-speech stance warrants further consideration.
Aligning Senior & Junior Partner Interests in a Venture Capital Fund
The existing compensation arrangements failed to adequately incentivise junior team and to reflect the actual contributions of senior partners
Legal Due Diligence in a Nigerian M&A Transaction
The Client, a leading renewable energy firm, sought to acquire a controlling stake in a mid-sized Nigerian energy company to expand its footprint in Africa’s burgeoning renewable energy sector.
The CBN FX Code: Moving From Rules to Principles
The introduction of the draft CBN FX Code marks a significant milestone in Nigeria’s foreign exchange market regulation as it signifies a shift away from a regulatory approach that is largely rules-based toward a more dynamic, principles-based regulatory approach. Effectively,