Publications

Proprietary data, expert analysis and bold thinking for leaders who want to achieve the extraordinary.

Featured

Understanding the Banks and Other Financial Institutions Act 2020: Key changes and Implications

Dec 01, 2020

On the 13th of November 2020, President Muhammadu Buhari signed into law, the Banks and other Financial Institutions Act 2020 (the “Act”) which ushered in significant modifications to the Nigerian banking sector and the financial services market in general. The…

#Banking and Finance

Featured

The 2021 Finance Bill

Nov 26, 2020

Sequel to the enactment of the Finance Act 2020 which introduced sweeping reforms and development in the Nigerian tax regime, the Minister of Finance on 13th November 2020 issued the Proposed Finance Bill 2021 (“Bill”) with incremental changes to the…

#Banking and Finance

Mergers & Acquisitions

The State of M&A and Telecoms in Africa

May 26, 2022

After an initial slowdown due to the pandemic, M&A activity is on the rise in Nigeria and across Africa, with technology playing an increasingly key role for businesses, investors, and legal advisors, say corporate experts Ayinla and Oyedeji. “Investors moved…

Capital Markets

Abuse of Dominant Position (Part 2): Measuring Market Dominance

May 23, 2022

Assessing the market dominance of an undertaking is not a straight-forward task which involves the analysis of several factors discussed in this Part B of our Competition Law Series on Abuse of Dominance. Assessing market dominance entails an examination of…

Uncategorized

Abuse of Dominant Position Under Federal Competition and Consumer Protection Act

May 12, 2022

Investigating an alleged abuse of dominant position under the Federal Competition and Consumer Protection Act No. 1 2018 (“the Act”) is a 3-step process as follows: Firstly, an assessment whether an undertaking is in a dominant position within the meaning…

Mergers & Acquisitions

Nigerian Merger Control: Principles and Practice

May 11, 2022

“Nigerian Merger Control: Principle and Practice” is an analytical review of the Nigerian merger control regime under the Federal Competition and Consumer Protection Act 2018 (“FCCPA”) and the subsidiary enactments made pursuant to the FCCPA including the Notice of Threshold…

Corporate

Duale, Ovia & Alex-Adedipe Opens its Abuja Office

Apr 08, 2022

Duale, Ovia & Alex-Adedipe is delighted to announce the opening of its Abuja office. This is in line with our commitment to providing clients with more simplified, integrated and innovative solutions to drive their businesses across Nigeria.

Capital Markets

Duale, Ovia & Alex-Adedipe advises Aruwa Capital Management on its investment in Crowdforce

Feb 15, 2022

Duale, Ovia & Alex-Adedipe advises Aruwa Capital Management on its investment in Crowdforce, a financial services distribution platform serving the underserved and unbanked population in Nigeria by purchasing convertible loan notes. The Firm’s transaction team was led by Adeniyi Duale…

Private Equity

Duale, Ovia & Alex-Adedipe advises Aruwa Capital Management on its equity investment in Agro-Eknor International Limited

Feb 15, 2022

Duale, Ovia & Alex-Adedipe advises Aruwa Capital Management on its equity investment in Agro-Eknor International Limited, an agri-business with increased export earnings from locally grown foods in Nigeria such as dried hibiscus. The Firm’s transaction team was led by Adeniyi…

Banking and Finance

Duale, Ovia & Alex-Adedipe advises Reliance Health Inc on its US$40m Series B Funding Round

Feb 09, 2022

Duale, Ovia & Alex-Adedipe is pleased to have advised and acted as the Nigerian Solicitor to Reliance Health Inc. (parent company of top Nigerian Health Management Operator;  Reliance HMO Limited and Out-patient clinic; Reliance Family Clinic Nigeria Limited), an emerging…

Technology

Duale, Ovia & Alex-Adedipe advises Treepz NG Limited in connection with an effort to digitise transportation for 1.6 million commuters annually

Dec 15, 2021

We are pleased to have advised Treepz NG Limited (an indigenous Nigerian Transportation company) on its landmark partnership deal with CMS Taxi and Motor Nigeria Limited in an effort to digitise transportation for 1.6 million commuters annually. CMS T&M is…

Technology

Enthusiasm for Technology

Dec 01, 2021

Oluwaseye Ayinla of Duale, Ovia & Alex-Adedipe talks to Craig Sisterson about mergers and acquisitions (M&A) in the time of Covid and opportunities and risks for the technology sector. While M&A trends are usually cyclical in nature and the global…

Technology

Nigeria Chapter in The Legal 500: Fintech Country Comparative Guide

Nov 12, 2021

What are the sources of payments law in your jurisdiction? The primary laws that regulate payments in Nigeria are the Central Bank of Nigeria (Establishment) Act 2007 (CBN Act) and the Banks and Other Financial Institutions Act (BOFIA). These laws…

Technology

Duale, Ovia & Alex-Adedipe advises Mono Technologies Limited on its US$15m Series A Funding Round

Oct 12, 2021

Duale, Ovia & Alex-Adedipe is pleased to have advised Mono Technologies Limited (an African fintech startup that helps connect consumer’s bank accounts to financial institutions) as Nigerian Solicitors in connection with its US$15m Series A Funding Round led by Tiger…

Business Regulatory & Advisory

Duale, Ovia & Alex-Adedipe advises Dorman Long Engineering Limited (“Dorman Long”) on Africa Capitalworks Holdings’ acquisition of significant stake in Dorman Long

Sep 28, 2021

Duale, Ovia & Alex-Adedipe is pleased to have advised Dorman Long Engineering Limited (“Dorman Long”), one of Nigeria’s leading indigenous oil and gas engineering, and fabrication services company in relation to the acquisition of a significant equity stake in the…

Corporate

The Merger Review (Amended) Regulations, 2021

Aug 21, 2021

On the 2nd of August 2021, the Federal Competition and Consumer Protection Commission (“the Commission”) introduced the Merger Review (Amended) Guidelines 2021 (“Amended Merger Regulations”). The Amended Merger Regulations introduced a significant amendment for computing the processing fee for notified…

Technology

Highlights of the Central Bank of Nigeria (CBN) Guidelines for Licensing and Regularisation of Payments Service Holding Companies in Nigeria

Aug 12, 2021

Following the New Licence Categorisations within the Nigerian Payments System (NPS), The Central Bank of Nigeria (CBN) on 3rd August 2021 released a circular on the new guidelines for the licensing and regulation of Payments Service Holding Companies in Nigeria…

Banking and Finance

Duale, Ovia & Alex-Adedipe advises on the successful launch of “AirCo by Lifebank”, an oxygen production plant at Orozo, Nasarawa State, Nigeria

Jul 26, 2021

Duale, Ovia & Alex-Adedipe is pleased to have advised on the successful launch of “AirCo by Lifebank”, an oxygen production plant at Orozo, Nasarawa State, Nigeria, which launch is set to bridge the medical oxygen gap being experienced nationwide. Duale,…

Banking and Finance

Duale, Ovia & Alex-Adedipe advises Alitheia Capital and other investors in the $8.3 Million pre-Series B funding round of Nigerian fintech and lending startup, Lidya

Jul 15, 2021

We are pleased to have advised Alitheia Capital and other investors in the $8.3 Million pre-Series B funding round of Nigerian fintech and lending startup, Lidya. The Series B was led by Alitheia Capital via its uMunthu Fund. Other participating…

Banking and Finance

Duale, Ovia & Alex-Adedipe advises TeamApt Limited on its Series B Funding Round

Jul 07, 2021

Duale, Ovia & Alex-Adedipe is pleased to have advised TeamApt Limited  (a Nigerian FinTech company that provides financial services for the underserved mass market in Africa) as Nigerian Solicitors  in connection with its Series B Funding Round led by Novastar…

Technology

Solving problems with technology

Jun 14, 2021

DOA Managing Partner, Adeleke Alex-Adedipe talks to Craig Sisterson about giving comfort and support to startups in the fast-growing tech sector. The tech sector in Nigeria and wider Africa has grown tremendously in recent years but we’re still scratching the…

Technology

Licensing Regime for Payments Sector in Nigeria

May 29, 2021

On 24th May 2021, the Central Bank of Nigeria (“CBN”) released a new circular titled “New License Requirements for Payment System” (the “Circular”). The Circular effectively introduces new license categorization requirements for payments systems in Nigeria (the “Sector”). Key Highlights…

DOA Insights straight to your Inbox.

Our perspectives on investment locally and globally, business opportunities in a challenging environment, delivered to your inbox monthly.