Balogun Harold’s Technology & Media lawyers have market-leading experience in the technology and media sectors, advising global media and high-growth tech start-ups doing business in Nigeria.
We act as trusted independent and real-time advisors to technology and media start-ups throughout their entire corporate lifecycle from founder-led business to unicorns and global large-cap public companies. We have advised application software companies, media and internet companies, data & information companies, digital banking & payment companies, industrial tech companies, Fintechs, wealthtech and insurtech companies, systems & deep tech companies, infrastructure software & cyber security companies, retail-tech companies, mobility-tech companies, cloud managed service companies, digital health companies, regtech & suptech companies, amongst others
The client is a technology startup, founded by three co-founders.Each co-founder held an equal share of the company (33.33%) and initially agreed informally on their roles and responsibilities.
Our client, a leading global technology company, sought to expand its operations into Sub-Saharan Africa, starting with Nigeria
We find that some startups attach the “Pre-” label to a funding round because they didn’t secure the full target amount or feel the amount raised doesn’t align with what’s typically associated with that stage. But what does it really mean, and when should you use it?
In Nigeria, the regulatory landscape surrounding online trust and safety is anchored primarily in the Code of Practice for Interactive Computer Service Platforms & Internet Intermediaries (the “Code”). This framework defines the rules that digital platforms must follow, with specific obligations
It’s often overlooked but venture capital is more than just a financial investment—it’s a partnership that fuels growth. Beyond the cash infusion, VCs provide critical post-investment management support to help startups achieve critical product and revenue milestones. So, what should you expect from your VC after closing a round?
Intermediary liability, as a legal and policy concern, raises the question: To what extent should tech platforms bear financial or criminal responsibility for the online actions or omissions of their users? As digital platforms continue to reshape industries and societies, this issue lies at the heart of balancing innovation with accountability
When global companies offer Software as a Service (SaaS) in Nigeria, they encounter distinct commercial challenges shaped by the country’s unique legal, economic, and business landscape. From navigating regulatory compliance and overcoming payment barriers to addressing data protection requirements and managing infrastructure limitations, these issues present significant hurdles. Importantly, these considerations differ markedly from those faced by foreign companies operating through local subsidiaries. Below, we explore some of the critical commercial challenges non-resident SaaS providers face when doing business in Nigeria.
In a recent judgment, a Nigerian Court upheld a new central banking regulation requiring banks to collect customers' social media account details as part of standard Know Your Customer (KYC) process. Additionally, the Court offered some side remarks on the data privacy rights of bank customers in relation to social media handles, raising concerns about the validity of these observations. This legal update assesses those obiter remarks within the framework of data privacy and constitutional law.
Until FCCPC's Decision imposing a $220m fine on Meta has been successfully appealed, the legal principles enumerated in the decision as well as the conclusions reached therein are generally legally binding on businesses operating in Nigeria. Without a doubt, the Decision has wide-ranging implications for tech companies and online platforms, operating in digital markets in Nigeria. In this client update, we highlight some of the key learnings from the Decision.
We successfully helped a major fintech company close a Series B Financing Round of investment led by the World Bank and a global venture capital fund
We successfully advised a global venture capital fund on its Series A round of financing in a Nigerian tech company.
We successfully advised a top tier global technology accelerator on corporate development and expansion to Africa, including investment in Nigerian tech companies.
We successfully advised an African Fintech unicorn on corporate development and expansion to Nigeria.
We successfully advised a digital media company on its tech transformation and implementation strategy and launch of a digital product.
We successfully advised a global Software OEM on licensing, cloud service, data localization and software monetization agreements facing Nigerian end users.
We successfully advised a tech company on the securitization of its receivables and cash flows, in a first of its kind transaction led by a global alternative asset investor.
We successfully advised a local tech company on compliance with transfer pricing rules applicable in Nigeria.
We successfully helped a local tech company with market entry/launch and expansion into 3 African markets.
We successfully help a local fintech company to negotiate a strategic partnership with an international software OEM and the client tech startup.