The Senate, in less than 10 minutes on Tuesday, passed a bill that seeks to amend the Companies and Allied Matters Act 2004.
The bill came 28 years after the passage of the original Companies and Allied Matters Act and is expected to make Nigeria the best country in Africa to do business in.
“It is expected to reduce the minimum share capital for companies and startups in Nigeria. The introduction of e-registration system will ensure global access to registration of companies and Increase in foreign investment through the creation of a new legal entity,” he said. The bill was thereafter read for the second time after a voice vote and referred to the Senate Committee on Trade and Investment to report back after a week.
Making effort which useless
Find solution to companies employing staffs on casual basis