In a statement by the Special Adviser to the President on Media and Publicity, Femi Adesina, the assent repeals and replaces the extant Companies and Allied Matters Act, 1990, an act that lasted 30 years.
Adesina explained that the amended act is expected to enhance ease of doing business in the country, which includes “filing fee reductions and other reforms to make it easier and cheaper for small and medium-sized enterprises to register and reform their businesses in Nigeria;
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