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ARTICLE · 06 AUGUST 2025

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Merger Control 2025

Streamsowers & Köhn
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The Federal Competition and Consumer Protection Act 2018 (FCCPA), enacted in 2019, governs merger review and approval in Nigeria.

NigeriaCorporate/Commercial Law
Chiagozie Hilary-Nwokonko
Chiagozie Hilary-Nwokonko
Chukwuyere Izuogu
Chukwuyere Izuogu
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Law and Practice

1. Legislation and Enforcing Authorities

1.1 Merger Control Legislation

The Federal Competition and Consumer Protection Act 2018 (FCCPA), enacted in 2019, governs merger review and approval in Nigeria.

The Banks and Other Financial Institutions Act 2020 (BOFIA) was enacted in 2020. Section 65 (1) stripped the Federal Competition and Consumer Protection Commission (FCCPC or the Commission) of its competition powers with regard to the financial services sector, which is under the regulatory supervision of the Central Bank of Nigeria (CBN), the financial services regulator. Section 65(3) further assigned the competition regulation powers of the FCCPC to the CBN, thereby subjecting mergers in the financial services sector to the CBN's regulatory scrutiny.

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