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Antitrust & Competition

One of the best Firms in the Country.
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Antitrust & Competition

As the rules of engagement keep changing, companies face new challenges and risks because competition laws are constantly evolving, with regulatory authorities also on the watch. The consequences of not following the rules can have dire consequences; resulting in financial penalties, criminal liability, litigation, and even damage to the organisation’s reputation. At Olaniwun Ajayi, we can help you anticipate and deal with these risks before they become problems. During the banking reforms, we advised a number of Nigerian banks on merger controls. We also regularly advise governments and competition enforcement agencies on competition policies.

 

Notably, we have advised the Nigerian Bottling Company on the state of competition law, policy and enforcement in Nigeria and provided advisory to the Corporation on its delisting from the Nigerian Stock Exchange. We have been instrumental to the development of a Competition Law Bill (now assented to by the President), a single legislation aimed at tackling competition challenges in Nigeria.

Insights

Federal Competition and Consumer Protection Act, 2018: A New Regulatory Landscape for Mergers in Nigeria


On 5th February 2019, the Federal Competition and Consumer Protection Act (‘the Act’) received Presidential Assent and was passed into law. Prior to the enactment of the Act, the legal framework for competition in Nigeria was inadequate in comparison to the size of the economy. Apart from introducing a competition regime applicable to all sectors of the economy, the Act repeals the Consumer Protection Council Act and sections 118-128 of the Investment and Securities Act (ISA).
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