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This thought leadership piece examines whether every assignment of participating interest should be classified as a merger in upstream mergers and acquisitions transactions under the Federal Competition and Consumer Protection Act (FCCPA). The analysis explores the regulatory implications and legal interpretations surrounding participating interest assignments in the context of Nigerian competition law.

When compared to an IPO, SPAC offers private companies an opportunity of exiting at a higher price for lower costs.

The Investments and Securities Act (“new ISA”) was passed into law in June 2007. The Act was enacted to repeal the Investments and Securities Act 1999 (“old ISA”) and to establish the Securities and Exchange Commission (the “Commission” or “SEC”) as the apex regulatory authority for the Nigerian capital market as well as regulation of the market to ensure the protection of investors, maintain fair, efficient and transparent market and the reduction of systemic risk.

The Investments and Securities Act 2025 ("ISA 2025") introduces a wide-ranging update to Nigeria's capital markets regulatory regime.

In the 21st-century global business environment, integration is an inevitable part of a company's journey.

In this series of questions and answers, we provide an overview of the competition-related aspect of the merger control process in Nigeria.

The 2017 Deloitte Africa Private Equity Confidence Survey established that Kenya and Nigeria are the top investment gateways to East and West African regions.

As the saying goes, if you fail to plan, then you plan to fail.

This enthusiasm was not misplaced as the industry definitely required certainty about the direction in which Nigeria would like to take its Petroleum Industry.

MTN's acquisition of IHS towers marks a pivotal moment in Nigerian telecommunications infrastructure. This analysis examines the competitive implications of vertical integration in the telecom sector and explores what regulatory frameworks should govern fair competition when network operators control critical tower infrastructure. The piece evaluates how this consolidation affects market dynamics and the principles that should guide competition policy in Nigeria's evolving telecom landscape.

At its core, acquiring a share means buying or otherwise obtaining an ownership stake in a company. Shares (also called "stock" or "equity") are pieces of ownership. When you acquire shares, you gain rights to the company's profits and a say in its affairs (like voting at meetings).

The CBN in its March 28, 2024 circular announced an upward review of the minimum capital requirements for banks in Nigeria, mandating banks to raise their minimum paid-up capital by March 31, 2026 as follows...

On 16 January 2026, the Securities and Exchange Commission ("SEC") issued Circular No. 26-1 (the "Circular"), introducing a revised and tiered framework for minimum capital requirements applicable to fund and portfolio...

When Kinder Morgan grew from a $40 million asset purchase into North America's largest midstream energy company, the financial structure that fueled its success quietly became its greatest constraint.

Tracing its origin to a relatively nascent stage, the Nigerian private equity industry has gradually gained importance by unwaveringly establishing itself as an economic force and a major contributor to the economy.

Certificate of Occupancy ("C of O") is an important title document issued by the Oyo State Government as proof of a person's legal interest in land.

An M&A deal can be described as a marathon.