The passage of the Federal Competition and Consumer Protection Act 2018 resulted in the introduction of a new regulatory framework for mergers & acquisitions in Nigeria. With the establishment of the Federal Competition and Consumer Protection Commission (FCCPC) and the repeal of sections, 118-128 (excluding section 121(1)(d)) of the Investment and Securities Act 2007, the power to approve mergers was taken from the Securities and Exchange Commission and vested in the FCCPC. In this article, our Damilola Ogedengbe examines the principal legislations regulating mergers & acquisitions in Nigeria. She also highlights sector-specific laws applicable to target companies operating in certain industries. Click on the link to read more.
