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
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