CBN’s RT200 Non-Oil Export Proceeds Repatriation Rebate Scheme
Nigeria’s Central Bank (the “CBN”) aims to increase the country’s foreign reserves by $200 billion in FX earnings from non-oil proceeds over the next (5) five years under a new export proceeds repatriation scheme.
Setting up a Venture Capital Fund in Nigeria – A Primer
Many of the venture capital funds set-up by Nigerian sponsors are tech-focused and are domiciled offshore.[1] As of December 2021, no venture capital fund has been registered with the SEC in Nigeria.
A Primer on the Rules For Setting Up Private Equity Funds in Nigeria
Many of the private equity funds set-up by Nigerian sponsors are domiciled offshore.[1] However, the SEC in Nigeria has published rules relating to the formation of private equity funds in Nigeria. As of December 2021, only 10 private equity funds...
Why Would Nigerian Courts Disagree with the Nigerian Central Bank on Cryptocurrency Regulation?
One may disagree with the approach of the Central Bank of Nigeria to regulating cryptocurrencies but Nigerian courts are not likely disagree. Here are 3 reasons why
What are the advantages of joining a Fintech Sandbox?
The Central Bank of Nigeria’s Draft Framework for Regulatory Sandbox Operations was issued on June 23rd, 2020, introducing a promising feature into the country’s rapidly evolving fintech industry. You can find a summary of the framework here, in which we...
Has a Founders’ Agreement Lost its Value?
[vc_row][vc_column][vc_column_text]Here are some of things we have learnt. If you are looking for a partner to build a tech business, the contractual foundations of your tech business are as important as building the product itself. At the core of a business relationship...
Re: The CBN Directive to Nigerian Banks on the Publication of the List of Delinquent Debtors in the Dailies: Some Data Privacy Ramifications
Nigerian banks are entering a phase of increased regulatory supervision from both banking and non-banking regulators. In particular regard to data privacy compliance, commercial banks ..
Offshore Mergers & Acquisition Regulation in Nigeria: Some “Domestic Effect” Considerations
The technical ability to clearly determine whether a proposed Offshore Merger will have a Domestic Effect under Nigerian Competition law is now a key transaction imperative for deal makers and their counsel.
Practical Implications of Nigeria’s New Competition Act for Private Equity & Strategic Investors Investing in Nigeria
December 24, 2019 Nigeria’s President has finally given assent to Nigeria’s first Competition/Anti-Trust law (The Federal Competition & Consumer Protection [the Act]) which is intended to be applicable to businesses across the federation. The Act creates a national competition commission...
Private Equity Fund Manager Update: Some Data Privacy Compliance Considerations in Cross Border M&A Transactions Facing Africa.
Perhaps, one of the most defining developments in global data privacy enforcement which also speaks to how increasingly important, data privacy compliance issues, will be for private equity investors,
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