Term Sheets for Startup Founders in Nigeria: Understanding Key Clauses in Term SheetsThat Impact Startup Founders in Nigeria
For startup founders, navigating the complexities of term sheets can be daunting. These documents outline the key terms of an investment and hold significant implications for your company’s future, ownership structure, and financial standing. Understanding the potential impact of certain clauses is crucial to protecting your interests and making informed decisions during fundraising. This article […]
Navigating Employee Stock Options (ESOPs) Under CAMA 2020: Challenges and Strategic Solutions for Nigerian Startups
Are you a Nigerian startup navigating the complexities of Employee Stock Options (ESOPs) Under CAMA 2020? The introduction of the Companies and Allied Matters Act (CAMA) 2020 brought significant reforms to the corporate governance landscape in Nigeria, especially impacting how startups implement ESOPs to attract and retain talent. The new regulation mandates that all shares […]
Understanding the Industrial Inspectorate Act and Its Implications on Share Issuance for Startups
The Industrial Inspectorate Act is a key piece of legislation in Nigeria that governs capital investments in industrial ventures. Enacted in 1970, the Act establishes the Industrial Inspectorate Division within the Federal Ministry of Industries, which is responsible for monitoring, investigating, and regulating industrial capital investments. A critical aspect of this Act is its impact […]