Nigeria: M&A/Private Equity

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.

Nigeria's tax landscape has undergone a fundamental shift with the enactment of the Nigeria Tax Act, 2025, which consolidates the country's core federal tax laws into a single unified framework. This reform introduces significant changes to how mergers and acquisitions are structured, priced, and executed, including the integration of capital gains into the income tax regime, revised exemptions for share disposals, and the introduction of taxation for indirect transfers.

In Lagos State, a foreigner can lawfully acquire an interest in land, but the transaction must be structured properly and comply with the applicable legal and regulatory rules.

Founder disputes are one of the most common reasons promising businesses fail.

Mergers and acquisitions (“M&A”) transactions remain a significant tool for corporate restructuring, market expansion, capital consolidation, and strategic repositioning in Nigeria. M&A transactions operate within a structured legal and regulatory framework anchored principally on the Federal Competition and Consumer Protection Act (“FCCPA”),...

On 24th April 2025, the Nigerian Securities and Exchange Commission ("SEC") introduced a series of new amendments to the SEC Rules and Regulations 2013 (as amended) (the "SEC Rules"), which was formally implemented in May...

Other than fund domicile, perhaps the most important consideration when setting up a venture capital fund in Nigeria is tax planning and tax leakage avoidance. For angel investors, venture capital funds, private equity...

Fundraising in the global startup ecosystem has become increasingly competitive with each passing year. In July 2025, Crunchbase News reported that global venture funding...

The Central Bank of Nigeria (CBN) has mandated a significant increase in the minimum capital requirements for commercial, merchant, and non-interest banks operating in Nigeria.