As approved by the Federal Competition and Consumer Protection
Commission (the Commission), the following fees shall apply with respect
to foreign-to-foreign mergers with a nexus to Nigeria:
|
Threshold |
Fees |
1 |
Merger with combined turnover of N1billion and above |
₦3,000,000.00 or 0.1% of the combined turnover, whichever is higher |
2 |
Merger where target undertaking has turnover of up to ₦500 million and between N1 billion |
₦2,000,000.00 |
- The Commission, in the interest of transactional efficiency, shall adopt an expedited procedure, for foreign to foreign mergers where it will conduct a review under the simplifed procedure.
- Under the expedited procedure, the Commission shall conclude its review and issue its decision within 15 (fifteen) business days.
- The expedited procedure fee is ₦5,000,000 (five million Naira) to be paid in addition to the application fee.