Acuity Partners

The Nigerian Startup Act, 2022: What you should know

Finally!!! And may we say congratulations to the Startup/tech ecosystem on the recent Presidential assent of the Nigerian Startup Bill. The Nigerian Startup Act, 2022 (“the Act”) is aimed at harnessing the potential of the country’s digital economy by providing an enabling environment for the establishment, development, and operation of Startups in Nigeria. The passage …

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Funding your Start-up? Consider a SAFE

SAFE is a great way for startups to get funding and support from experienced investors. It works by giving startups a set amount of money upfront, in exchange for a percentage of the company. This percentage is usually much lower than what investors would normally get, so it’s a great deal for startups. SAFE also gives startups some time to grow and get more funding before they have to give up any equity.

The Collaboration of the Advisory Board and the Board of Directors

In a 2018 report by International Finance Corporation[1], family businesses were stated to constitute the world’s oldest and most dominant form of business organizations. Also, these businesses represent more than 70% of the overall businesses and play a key role in the economy growth and workforce employment in most countries. The statistics show that 95% …

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Doing Business In Nigeria – The New Companies And Allied Matters Act (Cama), 2020

In furtherance of enhancing the competitiveness of the business environment in Nigeria, President Muhammadu Buhari on August 7, 2020, signed into law the Companies and Allied Matters Act (CAMA), 2020 which repealed the CAMA, C.20, LFN, 2004. This new CAMA is Nigeria’s most significant business legislation in the last few decades and it introduces new …

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