AMENDMENTS TO THE SECURITIES AND EXCHANGE COMMISSION RULES AND REGULATIONS ON MERGERS, ACQUISITIONS, RECONSTRUCTIONS...

On 30 August 2021, the Securities and Exchange Commission released new rules and amendments to the SEC Rules and Regulations 2013 (as amended) relating to mergers, acquisitions, divestments, share capital reconstructions and...
NAICOM

NAICOM Issues Circular on Segmentation of Minimum Paid up Share Capital Requirement

Following circulars released in May and December of 2019, introducing new capital requirements for insurance companies in Nigerian and extending the deadline for recapitalization, the National Insurance Commission (NAICOM) on 3 June...
Mergers

COVID-19: Implications for Mergers Between Competitors

Competition and consumer protection authorities around the world have been kept particularly busy by the COVID-19 outbreak. Our previous newsletter, on the impact of COVID-19 on competition and consumer protection, discussed the...
General Meetings

COVID-19: Impact on the Conduct of General Meetings in Nigeria

In order to curb the spread of the Coronavirus (COVID-19), the Federal Government of Nigeria has placed some States in Nigeria on a total lock down. Certain State Governments have also imposed...
FCCPC Guidelines

The FCCPC Releases Guidelines on Simplified Process for Foreign-to-Foreign Mergers with Nigerian Component

In January 2019, the president of the Federal Republic of Nigeria signed the Federal Competition and Consumer Protection Act (the FCCPA) into law, which introduced a new regime and authority for the...