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

FCCPC Guidelines

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 regulation of competition and M & A transactions in the country.

The FCCPA applies to all undertakings and all commercial activities within or having effect within Nigeria. Under section 93(1) of the FCCPA, the Federal Competition and Consumer Protection Commission (FCCPC) is now authorized to, with or without conditions, prohibit or approve acquisitions of which notice it has received.

Further, pursuant to section 93(1) of the FCCPA, the prior approval of the FCCPC is required for mergers, subject to the notification threshold to be determined from time to time as provided in the Act.

Read Publication



LEAVE A REPLY

Please enter your comment!
Please enter your name here