Private Funds Management

The 2026 Shift: Recent Tax and Securities Legislation Impacting the Onshore Footprint of Offshore Private Equity and Venture Capital Funds

A convergence of new mandates under the Nigeria Tax Act (NTA) 2025, the Companies and Allied Matters Act (CAMA) 2020, and the Investments and Securities Act (ISA) 2025 has fundamentally redefined the operating environment for private equity and venture capital funds with a Nigerian focus. This report highlights the key regulatory pivot points and possible structural considerations for tax efficiency and regulatory compliance.

AI Governance & Compliance

Artificial Intelligence in Nigeria: Legal, Regulatory & Market Access Guide for AI Companies

We provide a comprehensive overview of the legal framework, regulatory landscape, and practical market entry considerations for AI companies deploying and scaling solutions in Nigeria.

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Insights

NNPC Limited: Rethinking the Rationale for an IPO

We are of the view that the Federal Government should continue to retain full ownership and strategic control of NNPC Limited

April 8, 2025
Infrastructure, Power & Energy
Insights

The FCCPC: A Review of the Scope of its Investigation Powers

The FCCPC can request confidential or proprietary information and trade secrets.

April 2, 2025
Infrastructure, Power & Energy
Legal Updates

NNPC Limited - Conflict of Interest Considerations

On April 2, 2025, the President of the Federal Republic of Nigeria exercised his powers under Section 59(2) of the Petroleum Industry Act (PIA) 2021 to appoint ...

April 2, 2025
Infrastructure, Power & Energy
Insights

The Nigeria Tax Bill - Revisiting the New Rent Relief Allowance

It would appear that landlords and dependent adults will no longer be entitled to income tax reliefs under the Nigeria Tax Bill.

April 1, 2025
Financial Intermediation
Insights

Series A Financing - What to Expect

In this update, we highlight some key Series A considerations for founders looking to raise a Series A financing

April 1, 2025
Financial Intermediation
Explainer

Understanding the Nigerian Climate Change Act (2021) : Q&A

Does the Act make provision for a carbon tax or emissions trading system (ETS)?

March 16, 2025
Financial Intermediation
Article

Material Adverse Change (MAC) Clause Dispute in Nigeria

The investor sought to invoke the Material Adverse Change clause to withdraw from the deal, but the seller disputed the claim

February 21, 2025
Financial Intermediation
Case Study

Celebrity Endorsement Deals in Nigeria for Global Brands

A major foreign brand looking to enter the Nigerian market sought to partner with an A-list Nigerian celebrity for a celebrity endorsement deal

February 14, 2025
Technology, Media & Digital Economy
Article

Institutional Limited Partners Association New Reporting Standards

Following extensive industry consultation, the Institutional Limited Partners Association ("ILPA") has now released an updated Reporting Template and a new Performance Template

February 14, 2025
Financial Intermediation
Article

Public Private Partnerships in Nigeria

Promoters faced a tight deadline to prepare and submit their bid, necessitating rapid yet thorough legal and technical reviews

January 27, 2025
Case Study

Term Sheets in Nigeria - Venture Capital

Upon reviewing the Term Sheet, our legal team identified several unfavourable provisions that could jeopardise the company’s valuation

January 27, 2025
Technology, Media & Digital Economy
Case Study

API Licensing in Nigeria

A dispute arose when the software vendor alleged that (a) the local fintech start-up had exceeded the agreed-upon usage limits in the licensing agreement and; (b) the local fintech start-up was sharing data with unauthorized third parties.

January 26, 2025
Global

Meta's Changes: More Speech, Fewer Mistakes

Whilst Meta’s proposed changes raise some concerns regarding online safety, there are a number of reasons why Meta’s pro-speech stance warrants further consideration.

January 25, 2025
Technology, Media & Digital Economy
Explainer

Understanding the Role of LASBCA - Key Considerations

LASBCA plays a central role in ensuring that buildings are constructed, maintained, and inhabited in accordance with safety and planning standards

January 20, 2025
Financial Intermediation
Insights

Consortium Agreements: Structuring Considerations in Nigeria

Consortium Agreements remain one of the crucial ways to win and execute public private partnerships and high-stakes public and private contracts.

January 5, 2025
Infrastructure, Power & Energy
Explainer

Operating a Free Trade Zone in Nigeria: Key Considerations

More investors are now leveraging Nigeria’s free trade zones as a strategic gateway into the market, capitalizing on the significant increase in businesses and robust growth trends over time

December 22, 2024
Infrastructure, Power & Energy
Insights

Can Lagos’ Electricity Market Serve as a Blueprint for Other States?

Our analysis suggests that a tailored approach is essential for designing sustainable electricity markets across the country.

December 15, 2024
Infrastructure, Power & Energy
Insights

E-Commerce Regulations in Nigeria - Key Considerations

Nigeria, Africa’s largest economy, offers significant growth potential for global e-commerce platforms seeking to expand into emerging markets

December 15, 2024
Technology, Media & Digital Economy
Legal Update

Content Moderation Compliance Report by the NITDA

Specifically, the Compliance Report documents and evaluates the compliance efforts of Google, Linkedin, TikTok and X, in areas such as

December 13, 2024
Technology, Media & Digital Economy
Insights

Lagos Electricity Law: Investment Opportunities for 2025

With growing electricity demand driven by Lagos’ population of over 20 million and its position as Nigeria’s economic engine, 2025 is poised to be a transformative year for power sector investors in Lagos

December 10, 2024
Infrastructure, Power & Energy

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Latest News

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Firm NewsAugust 31, 2025

Balogun Harold Advises PaidHR on $1.8 Million Seed Funding Round

This venture capital investment marks an important milestone in PaidHR’s growth journey and supports its mission to expand its HRIS offering across Africa.

Firm NewsJuly 2, 2025

Olubunmi Abayomi-Olukunle to Speak at ELLAN Employment Law Conference 2025

The program will explore contemporary issues in employment law, including workplace ethics, labour law compliance, risk management, and dispute resolution, with particular focus on the interpretation and application of the Department of Petroleum Resources (DPR) Guidelines for the Release of Staff in the Nigerian Oil and Gas Industry, as highlighted in recent decisions of the National Industrial Court.

Firm NewsApril 11, 2025

Balogun Harold Advises Consultants on $50 Million Dollars Naira-Denominated Venture Capital Fund for Nigeria’s Startup Ecosystem

Balogun Harold acted as legal advisers to consultants on the structuring of a Naira-denominated venture capital fund aimed at fostering the growth of Nigeria’s startup ecosystem.

Firm NewsFebruary 15, 2025

Olubunmi Abayomi-Olukunle to Speak at Fintech Association Program

Olu will share his insights on regulatory frameworks, investment strategies, and legal considerations, offering guidance for startups and investors navigating the evolving fintech landscape.

Firm NewsDecember 28, 2024

Balogun Harold Advises Seamfix on $4.5 Million Venture Capital Investment Led by Alitheia Capital

Balogun Harold provided end-to-end legal advisory on the transaction structure, due diligence, and investment documentation, ensuring a seamless fundraising process in line with Nigerian and international venture capital standards.

Firm NewsNovember 28, 2024

Balogun Harold Advises ThriveAgric on International Partnership Delivering $50 Million in Carbon Credit Revenue

Balogun Harold provided comprehensive legal support throughout the transaction, including partnership structuring, documentation, and regulatory compliance, ensuring a smooth and compliant execution in line with Nigerian and international standards.