Introduction
On 7 August 2020, Nigeria’s President Muhammadu Buhari signed the Companies and Allied Matters Bill 2020 (“CAMA 2020”) into law, repealing the 1990 Companies and Allied Matters Act and ushering in the most important change to business legislation in Nigeria in three decades. This is a welcome development. Some of the provisions in the repealed Act had become understandably obsolete and unable to support the dynamic business climate in Africa’s most populous
nation and its largest economy. Often described as the giant of Africa, Nigeria has continued to sustain the interest of foreign investors, making the need for a modern and effective business legislation an imperative.
This article highlights the key changes in the new Act and the implications for foreign investors seeking to do business in Nigeria.
| Attachment | Size |
|---|---|
 Company-and-Foreign-Investment-Law-Guide-2021.pdf | 2.63 MB |