Nigeria FDI control

Copyright © 2025 LexisNexis
Produced in partnership with Dr. Nicolas Bremer of BREMER , Mariem Saad LL.M of BREMER and BREMER
Practice notes

Nigeria FDI control

Copyright © 2025 LexisNexis

Produced in partnership with Dr. Nicolas Bremer of BREMER , Mariem Saad LL.M of BREMER and BREMER

Practice notes
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A conversation with Nicolas Bremer, partner, and Mariem Saad El-Desouky, senior associate at the regional law firm BREMER, on key issues on foreign direct investment (FDI) control in Nigeria.

1. What is the applicable legislation?

There is no designated foreign investment law establishing a comprehensive FDI regime in Nigeria. Instead, provisions governing FDI are spread across several statutes. The principal provisions governing FDI are found in: the Nigeria Investment Promotion Commission Act (NIPCA), the Foreign Exchange (Monitoring and Miscellaneous Provisions) Act, Chapter F34, the Companies and Allies Matters Act (CAMA), the Immigration Act, the National Office for Technology Acquisition and Promotion Act, and the Investment and Securities Act (ISA). Furthermore, depending on the jurisdiction from which an investment is made, multinational and bilateral investment treaties may apply.

The most recent amendments to the Nigerian FDI regime were changes to the procedures of the Nigerian Investment Promotion Commission introduced in 2023. These amendments are intended to streamline the registration process for foreign investors and enhancing transparency and efficiency.

2.

Nicolas Bremer
Dr. Nicolas Bremer

BREMER

Nicolas is a partner and attorney with the regional law firm BREMER where he heads the firm's Antitrust & Merger Control and Mergers & Acquisitions (M&A) teams. He oversees the firm's Riyadh and Cairo representations and has extensive experience in advising international and domestic clients on merger control and antitrust matters as well as mergers and acquisitions and joint venture transactions in Saudi Arabia, the United Arab Emirates, Egypt and the wider Near and Middle East. He works in English, Arabic and German language.
 
Prior to joining BREMER Dr. Bremer worked for different international law firms in Berlin, Cairo, Dubai and London. He holds a PhD, which he obtained working on the regulation of large-scale fresh water development in the Near and Middle East under international and domestic law. Dr. Bremer frequently publishes on the law of the Near and Middle East and lectures as a visiting professor at the GUC (Cairo, Egypt).

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Mariem Saad
Mariem Saad, LL.M

Senior Associate, BREMER

Mariem is an Egyptian qualified lawyer and advises on mergers and acquisitions transaction as well as competition law in Egypt and the larger Middle East. She advises domestic and international clients in mid and large cap transactions and represents clients in merger control proceedings and abuse proceedings before the Egyptian Competition Authority and other competition regulators in the region.

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Jurisdiction(s):
United Kingdom
Key definition:
Monitoring definition
What does Monitoring mean?

The measurement of radiation levels, concentrations, surface area concentrations or quantities of radioactive material and the use of the results of these measurements to evaluate potential exposures and doses.

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