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The Federal Competition and Consumer Protection Act, 2018-Notice of Threshold for Merger Notification Pursuant to Section 93(4) 🇳🇬


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Federal Competition and Consumer Protection Act, 2018

The Federal Competition and Consumer Protection Act, 2018-Notice of Threshold for Merger Notification Pursuant to Section 93(4)

  • Published in Federal Republic of Nigeria Official Gazette no. No. 139, Vol. 106 on 9 September 2019
  • Commenced on 9 September 2019
  • [Up to date as at 9 September 2019]
In exercise of the powers conferred upon it by Sections 3, 92, 93 and of all other powers enabling it in that behalf, the Federal Competition and Consumer Protection Commission ("Commission") hereby notifies the general public of its determination of the threshold requirements for mergers upon the basis and terms specified in this Notice.

1. Notification thresholds

The Commission determines as follows-
1.1merger shall be notifiable before implementation if, in the financial year preceding the merger :(a)the combined annual turn over of the acquiring undertaking and the target undertaking (combined figure) in, into or from Nigeria equals or exceeds One…

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