TRENDING
News

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

written by Samuel Etuk May 16, 2018
7 Benefits of the Senate’s New Bill -#CAMA

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 :

0 comment
0
Facebook Twitter Google + Pinterest

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

You may also like

Kwara state police command warns against financial inducement...

December 20, 2018

Shi’ites holds its annual Ashura procession

September 10, 2019

Lagos state gets state oil company

May 19, 2017

Radio Kwara workers distances themselves from apology to...

September 15, 2018

Youths block Benin-Ore road over woman’s killing by...

June 26, 2019

Gombe: Inuwa Inaugurates Reforms Council, Steering Committee

September 10, 2020

University of San Francisco appoints Nigerian provost

February 25, 2021

COVID-19: Commercial Motorcycle riders protest continued ban on...

May 5, 2020

Nnamdi Kanu absent in court as trial continues

October 17, 2017

Pharmacists request for tax exemptions in Kwara

March 18, 2019

Leave a Comment