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17 May 2018

Nigerian Senate passes bill on business reform

The Nigerian Senate passed a bill on May 15, to repeal the Companies and Allied Matters Act 1990, Cap C20, LFN 2004 and re-enact the Companies and Allied Matters Act 2018 (the Bill). This is expected to be the most significant business reform bill to be passed in Nigeria in over 27 years. Its assent is expected to improve the country's business environment, with the aim of making Nigeria as competitive as other developed economies around the world.

A Global Tax Alert, attached below, provides additional details.

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Document ID: 2018-1040

 

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