Following the introduction of the Nigeria Startup Act 2022 (NSA), the National Council for Digital Innovation and Entrepreneurship (Council) was eventually inaugurated in April 2023. But the effective implementation of the NSA has been a major concern. In this article, Gabriel Eze, associate at Infusion Lawyers, considers the imperatives for Nigeria’s startup ecosystem.
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Policy & Regulations
Startups
July 28, 2024
The National Council of Digital Innovation and Entrepreneurship: Imperatives for Nigeria’s Startup Ecosystem
Startups
Tech Entrepreneurs
June 7, 2023
Valuing African startups is different.
After 7 years of working with startups and venture capital in Africa, here are the 7 most effective valuation models I’ve found:
1) VC Method
Most commonly used. Calculates the expected return based on exit, terminal value, and discount rate.
Factors in Africa:
– High political risk
– Currency fluctuations
– Thin volume of comparable transactions
Valuations are lower than in developed markets.
Regulatory Compliance
Startup Law
Startups
Technology Law
February 24, 2023
The Nigerian Startup Act 2022: Prospects for Startups in Nigeria and Potential Pitfalls
Gabriel Eze, Associate and Tobechukwu Ndunagu, Lead Associate Introduction According to Statista’s startup ecosystem index score, Nigeria is the second-leading country for startups after South Africa, with Lagos as one of the leading cities in Africa. By its February 2022.. Read more
Blockchain Technology
Startups
Technology Law
June 2, 2022
Crypto Lending: Using Cryptocurrency as Security for Fiat Loans and the Status of Cryptocurrency in Nigeria
Stephen Azubuike Introduction Beyond the mere promise to repay loans, prudent business entities and financial institutions generally rely on security in advancing loans to borrowers. The idea of security is the underlying assurance tied to something of value which flows.. Read more
Startup Law
Startups
Tech Entrepreneurs
June 24, 2021
Incorporating your company in the US
Whether it is in Delaware, Wyoming, or other states in the US, incorporating a US company for your business is at your fingertips Many entrepreneurs and innovators, for various reasons, are increasingly looking to incorporate their companies in the US… Read more
Startups
Tech Entrepreneurs
June 24, 2021
The Phoenix—incorporate your company abroad
Incorporating your company abroad with the structure used by the most innovative companies in the world. As an entrepreneur or innovator in today’s global economy, incorporating your company in the most friendly and suitable jurisdictions in the world has become.. Read more
Industry Insight
Regulatory Compliance
Startups
Tech Entrepreneurs
June 4, 2021
Crowdfunding portals and digital commodities investment platforms in Nigeria: Before crowdfunding is crowded out
by Senator Ihenyen, Lead Partner Download the PDF version here. Introduction Crowdfunding today is no longer charity. It is serious business. And the ever-growing digital economy has been a big part of this. New business models as well as.. Read more
Startup Law
Startups
April 26, 2021
Minimum Legally-compliant Product (MLP)–the Legal Health Checkup for Startups
Today, in commemoration of our 4th Anniversary which coincides with World IP Day annually, we are delighted to launch ‘Minimum Legally-compliant Product (MLP), the legal health checkup for startups. While MLP finely aligns with this year’s theme of World IP.. Read more
Intellectual Property
Startup Law
Startups
Tech Entrepreneurs
What Startups Badly Need Series
September 29, 2020
Why Your Startup Badly Needs an NDA
Tobechukwu Ndunagu, Associate Introduction If you are a startup or business generally about to pitch to investors, you may want to have a Non-Disclosure Agreement (NDA) to make sure that any confidential information you share about your business model.. Read more
Corporate Law & Practice
Startups
September 7, 2020
Registration of a Private Company Limited by Shares in Nigeria (In Light of New CAMA 2020)
by Gabriel Eze The Companies and Allied Matters Act 2020 (“CAMA 2020”, “the New CAMA”, or “the Act”) was assented to by President Muhammadu Buhari on 7 August 2020. In effect, the new CAMA repealed and replaced the CAMA of.. Read more