Lawyers who get the Deal Through.

The FIRS-DGFIP Memorandum of Understanding: Key Legal Considerations for NRS

The NRS is subject to strict confidentiality and secrecy obligations under Sections 142 and 143 of the Nigeria Tax Administration Act (NTAA), 2025. The general rule mandates the confidentiality and secrecy of all taxpayer information. Under Section 143, taxpayer information may only be shared in the following limited circumstances

December 31, 2025

Dangote Refinery and the Legal Test for Predatory Pricing: Key Considerations

In the realm of competition law, predatory pricing is an illegal business strategy whereby a dominant operator intentionally reduces prices, often below the cost of production, with the goal of eliminating competitors from the market or preventing the expansion of competitors or entry of new competitors. While low prices are generally celebrated as pro-consumer, competition law draws a careful distinction between aggressive competition on the merits and exclusionary pricing by a dominant firm.

December 30, 2025

Explainer

Judicial Review in Nigeria: A Practical Guide for General Counsels

For General Counsels overseeing subsidiaries in West Africa or managing multi-jurisdictional risk, understanding the mechanics of judicial review in Nigeria is essential.

December 29, 2025

Global

Building for the UK Market: Key Legal Considerations for African Founders

One of the first regulatory flashpoints for founders is the issue of liability that cannot be excluded by law. Under the Consumer Rights Act 2015, businesses cannot contract out of core obligations, which include ensuring that goods are of satisfactory quality, fit for purpose, and as described

December 26, 2025

Doing Business in Lagos, Nigeria: A Strategic Legal Guide for Investors Entering Africa’s Fastest-Growing Market

With a population exceeding 18 million people, Lagos is a megacity that generates roughly 20% of Nigeria’s GDP, making it one of the most important sub-national economies on the continent. In November 2025, the Lagos State Government announced a proposed budget of ₦4.237 trillion, the largest by any sub-national government in Nigeria, signalling a bold, infrastructure-led development agenda

December 6, 2025

Legal Update

NCC Internet Code of Practice 2025: New Obligations for Online Platforms

Online platforms operating in Nigeria must adopt internal community rules governing user conduct, content moderation, disinformation, fraud, and unlawful content. These community rules must be submitted to the NCC within six months of the Code’s issuance and must align with clause 146 of the Nigeria Communications Act (the "Act").

December 2, 2025

Obtaining an International Gateway License in Nigeria - Key Considerations

An International Gateway License is advisable for companies aiming to provide satellite internet or point-to-point international communications in Nigeria.

December 1, 2025

Social Media Platforms in Nigeria - Navigating Competition Enforcement Risk

Without clear guidance on digital markets from the FCCPC, digital markets are at risk of being mischaracterized by regulators. For example, a platform’s decision not to roll out a service in a particular region driven by strategic, technical, or economic considerations could be misconstrued as anti-competitive exclusion.

November 28, 2025

Commercial Satellite Operations in Nigeria - Key Considerations for Nigeria Market Entry

The 2015 NASRDA Regulations on Licensing and Supervision of Space Activities establishes general licensing requirements for any “space activity” conducted by Nigerian or foreign operators

November 25, 2025

End User Certificates in Nigeria – Key Considerations for Importers of Controlled Goods

The end user certificate framework applies to a range of controlled goods, including military hardware, parts and components, security-sensitive equipment, and specific chemicals.

November 24, 2025

Explainer

Agency Banking in Nigeria - the Fintech Play

Fintechs aiming to operate in Nigeria’s agency banking space typically obtain a microfinance banking license, though even fintechs without a banking license can participate as super-agents for a principal bank

November 22, 2025

Agency Banking vs. Deposit-Banking: Key Considerations for Fintechs

As agency banking continues to expand financial access in Nigeria, a common misconception is that a fintech must obtain a deposit-taking banking licence, often in the form of a microfinance bank (MFB) licence, to fully tap the opportunities in agency banking. In reality, this licensing strategy may not only be unnecessary, but often strategically counterproductive. We highlight a number of considerations below.

November 22, 2025

The New CBN Agency Banking Regulations - Key Considerations for Venture-Backed Fintechs

The new CBN Agency Banking Regulations represent a major regulatory development that warrants more than just an investor update. In our view, the new CBN Agency Banking Regulations should prompt a strategic conversation at the board level between venture capital investors and their fintech founders

November 22, 2025

Neobanks in Nigeria: Key Considerations for Market Entry - Part I

Neobanks are digital-first financial platforms offering a variety of services, ranging from multi-currency accounts and payments to cards and investing solutions. Neobanks are undoubtedly reshaping global banking and for global Neobanks considering expansion into Africa, Nigeria presents a particularly compelling opportunity

November 10, 2025

Neobanks in Nigeria: Key Considerations for Market Entry - Part II

In Part 2 of our Neobanking Series, we will focus on some of the key legal and regulatory considerations governing market entry, licensing, and operational compliance

November 10, 2025

Stream Financing in Nigeria: An Alternative Financing Strategy for Mineral Title Holders

Stream financing is a form of alternative financing whereby an investor or “streamer” provides upfront capital in exchange for a contractual right to purchase a portion of future mineral production, typically at a discounted price.

November 9, 2025

Could Centralizing the Management of Nigeria's Sectoral Funds Unlock Greater Impact?

A centralized management framework, coordinated through a financially disciplined entity such as the Nigerian Sovereign Investment Authority or the Federal Inland Revenue Service, could enhance the effectiveness of sector fund allocation, allow for co-ordinated allocation across sectors, while preserving sector-specific oversight.

November 8, 2025

Mining Mergers and Acquisitions in Nigeria: Key Legal Considerations for Foreign Investors

This pattern of dormant and inactive mineral titles suggests that many existing promoters may be constrained by limited access to capital, technical expertise, or strategic partnerships necessary to advance projects beyond the licensing stage.

November 7, 2025

SEC Issues Interpretive Guidance on Amended Private Equity Fund Rules

The SEC’s interpretive guidance and amendments aim to streamline compliance for smaller private equity funds, and enhance transparency on fees and governance. Fund managers and sponsors should review their internal policies to ensure consistency with the updated requirements, particularly regarding the ₦5 billion registration threshold, proprietary investment obligations, and fee disclosures.

November 5, 2025

Lawyers who get the Deal Through.

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Client Services in Nigeria

Balogun Harold advises on venture capital, M&A, legal due diligence, competition and merger control, NDPA privacy and audits, market entry, digital infrastructure, internet regulation, platform law, and start-ups and emerging technology across Nigeria and Africa.

Digital Infrastructure, Cloud & Connectivity Practice

Legal advisory for hyperscalers, cloud providers, data centres, telecom infrastructure, and the digital backbone of Africa's internet economy.

Digital Economy & Internet Regulation Services

Shaping how platforms, internet businesses, and digital ecosystems operate in Nigeria and across Africa.

Internet & Platform Law in Nigeria

Legal advisory for digital platforms, online businesses, and internet-enabled companies operating in Nigeria and across Africa.

Start-ups & Emerging Technology Lawyers

Expert legal counsel for start-ups and emerging technology companies in Africa's innovation ecosystem, including regulatory compliance, funding arrangements, and intellectual property protection.

Venture Capital in Nigeria

Comprehensive legal support for venture capital funds, startup investments, and fundraising in Nigeria's dynamic tech ecosystem.

Legal Due Diligence Services

Thorough legal due diligence for M&A transactions, investments, and regulatory compliance across African markets.

Mergers & Acquisitions Nigeria

Expert M&A counsel for Nigerian transactions, including competition law compliance and regulatory approvals.

Privacy & Data Protection Audits

Comprehensive privacy and data protection audits to ensure compliance with Nigerian data protection regulations and international standards.

Competition & Anti-trust in Nigeria

Expert legal guidance on merger notifications, competition reviews, and anti-trust compliance for Nigerian businesses and transactions.

Market Entry in Nigeria

Comprehensive legal support for international businesses entering the Nigerian market, including regulatory compliance and business structuring.