Implications of new CAMA 2020 on businesses, investors in Nigeria
By Editor. President Muhammadu Buhari on 7th August, 2020 assented to the Companies and Allied Matters Bill, 2020. This is the first reform of CAMA, one of the most important pieces of business legislation in Nigeria, since it was first introduced 30 years ago. Changes that the revised Bill introduces include the following (not an exhaustive list): The revised Act allows single member/shareholder companies to be incorporated in Nigeria – before now the minimum number of shareholders was two (2)….