On Tuesday, the 8th Senate made history with the passage of the repeal and re-enactment of the Companies and Allied Matters Act (CAMA), which is the biggest business reform bill in Nigeria in over 28 years.

Here are 7 things that you need to know about this bill…

It will make Nigeria’s business environment as competitive as its counterparts around the world.

With CAMA, one person can now open and run a company. This is good for start-ups and young entrepreneurs.

It promotes the use of technology in the registration of businesses.

CAMA removes all the unnecessary regulatory provisions for small companies.

It reduces the minimum share capital for companies and start-up in Nigeria.

It creates another new category of legal identity for Nigerian businesses.

It ensures that Nigerians can now register their businesses from anywhere in the country through the e-registration system.

Join our twitter community :

Follow @royaltimesng

0 comment

0

Samuel Etuk

Passionate unapologetic Nigerian, highly spontaneous, web content writer cum social media strategist, gidi hustler and Akwa-ibomite in diaspora

Salami panel is trying to charge Magu at...

October 19, 2020

SDP urges President Buhari to overhaul nation’s security...

July 15, 2019

President Buhari asks Nigerians to pray for the...

November 20, 2018

Give me more time to decide on 2019,...

February 23, 2018

Xenophobia: 640 Nigerians set to leave South Africa

September 9, 2019

Fayose bans students’ activities, rallies in Ekiti

July 7, 2017

NYSC restricts movement of corps members in Katsina

August 20, 2019

NAF begins medical outreach in Borno

September 14, 2017

El-Zakzaky: Court adjourns to August 5 for ruling...

July 29, 2019

KWARA CALLS FOR SUPPORT FROM EFCC

September 1, 2020

7 Benefits of the Senate’s New Bill -#CAMA

Saudi Arabia bans FIFA referee Fahad al Mirdasi for life over bribery allegations

Just In: Court grants Dino Melaye bail

You may also like

Leave a Comment Cancel Reply