President Muhammadu Buhari, on Friday, August 7, in Abuja (Nigeria's capital) assented to the Companies and Allied Matters Bill, 2020 recently passed by the National Assembly.
The President’s action on this important legislation repealed and replaced the extant Companies and Allied Matters Act, 1990, introducing, after 30 years, several corporate legal innovations geared toward enhancing ease of doing business.
Such innovations include:
The passage of the CAMA 2020 into law is undoubtedly a big feat for legal professionals and the Nigerian economy.
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