Legacy Planning: Building Your Family’s Wealth with a Multifamily Office
Legacy planning isn’t just about deciding who gets what when you’re gone—it’s a strategic effort to protect your family’s values, vision, and financial wealth for future generations. It is like a roadmap customised for you to protect your legacy from potential threats like taxes, deterioration, and conflicts. A popular saying goes thus, “If you fail […]
Nigerian Business Families: Embrace the Multifamily Office Advantage
Hey there! As a business family, have you wondered how you can seamlessly sustain your success across generations in our peculiar business landscape, or ever thought about what keeps the success wheel turning across generations in those thriving family businesses in other jurisdictions? At the core of business families, there’s a juggling act, balancing […]
CEO FOUNDERS: A 10-POINT CHECKLIST FOR SELLING YOUR BUSINESS
Selling a business is one of the most significant decisions a CEO or founder will ever make. Whether you’re stepping back to enjoy the rewards of your hard work, seeking a strategic partnership, or simply looking for new challenges, the process is complex and requires meticulous planning. To ensure a successful exit, here’s a 10-point […]
From cubicles to corner offices: Let’s talk Employee-Owned Business Structures
Tunde, Ama, Akeem, Leila and I – 5 different routes I came to grab some light bites at a cozy cafe when I bumped into some of my old classmates — Tunde, Ama, Akeem, and Leila catching up over coffee. The conversation turned to our respective workplaces and how employee ownership structures is finally becoming […]
IS IT SAFE TO DO A SAFE?
Starting a venture is never really an easy call, and Chike’s situation was no exception. His idea would revolutionise the African agri-tech sector, but capital could be an hinderance. Knowing how fragile start-ups can be at negotiating, combined with the economic climate; traditional funding was at best a last resort. In the local lingua, […]
Understanding The CBN’s Revised Guidelines For International Money Transfers and the Removal of Allowable Limits Circular
Businesses with an International Money Transfer Operator (IMTO) license are authorised by the Central Bank of Nigeria (CBN) to facilitate efficient fund transfers from entities or individuals abroad to recipients in Nigeria. Initially issued in September 2014, the IMTO Guidelines, also referred to as the “Old IMTO Guidelines,” govern the licensing and operations of IMTOs in Nigeria.
Staying Afloat: Embracing M&A in Challenging Economic Times
Introduction Mergers and Acquisitions (M&A) are used worldwide for either of two purposes, business expansion or survival. Statistics show that M&A transactions have been on the increase in recent years. A total of 57,948 M&A deals––the highest number in 38 years––were recorded globally.[1] In a similar fashion, 50,000 deals were recorded in 2022,[2] and […]
CURRENCY RISK MANAGEMENT IN CROSS-BORDER M&A TRANSACTIONS
Many Nigerian businesses and founders are seeking opportunities outside the Nigerian markets. Access Bank, First Bank, United Bank for Africa (UBA), etc. have long scaled their businesses beyond Nigerian markets. Flutterwave announced on 9th February 2023 its expansion into Egypt. Many more Nigerian and African businesses are likely to go beyond home markets, especially when the African Continental Free Trade Agreement (ACFTA) is fully implemented.[1]
In scaling to new markets, one of the penetration tools available to businesses is mergers and acquisitions (M&A). Scaling businesses are likely to enter new markets by buying stakes in existing businesses in those markets because M&A provides assets on the ground, a customer base and a staff pool to immediately work with at the completion of the transaction. M&A involving businesses operating in different countries is called cross-border M&A.
Navigating the Regulatory Maze: A Guide to Starting and Scaling Your Business in Nigeria
In the vibrant and dynamic landscape of Nigeria, the allure of entrepreneurship has never been stronger. The country’s vast market, coupled with the resilience and creativity of its people, offers a fertile ground for startups and established businesses alike. However, beneath this entrepreneurial enthusiasm lies a challenging reality – the complexities of Nigerian business regulations.
Countdown to Acuity at 5 – Celebrating Five Years of Legal Excellence and Innovation
In the heart of bustling Lagos, a transformative journey began five years ago. We are elated by all our achievement over the years as we proudly countdown to our fifth anniversary of our business and commercial law firm — a beacon of innovation and legal excellence.