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.
