The Federal Competition and Consumer Protection Commission (FCCPC) is the principal regulator for mergers in Nigeria. In addition to the FCCPC, several sector-specific regulatory bodies retain statutory authority over mergers within their respective industries.
They include:
a. The Central Bank of Nigeria (CBN): The CBN has the power to regulate mergers and changes in control of banks and other financial institutions. Banks and other financial institutions must obtain the consent of the CBN before entering into agreements or arrangements that result in a change in control, or the transfer of a significant shareholding in the bank or financial institution. The CBN exercises exclusive powers over merger reviews involving all its licensed entities;
