Micro, Small and Medium Enterprises (“MSME”) represents one of, if not the most important sector of the country’s economy. It currently represents 96% of the businesses in Nigeria and contributes 75% of the National employment. Hence, the growth in this sector is directly correlated with growth in the economy as a whole and the level […]
The controversy following the assent into law by President Muhammadu Buhari of the Companies and Allied Matters Act, CAMA, 2020, is an issue that requires amicable resolution rather than a unilateral mindset. Religious bodies and other non-governmental organisations had repeatedly called on the Federal Government for a review of the Act as they faulted some […]
The Corporate Affairs Commission (CAC) has said that the new Company and Allied Matters Act (CAMA) has come to stay despite the criticisms trailing it. The Commission insisted that it would go ahead with the implementation of the law as soon as the National Assembly properly gazettes it. The CAMA bill, which was recently signed […]
With the interest of doing Business Initiatives with ease, the Corporate Affairs Commission (CAC) will now work with the Federal Inland Revenue Service (FIRS) to issue Tax Identification Numbers (TIN) along with the Certificate of Incorporation. This will save companies and small business owners the troubles of applying separately to the FIRS for their Tax […]
The Vice President Yemi Osinbajo of Nigeria has said that post harvest losses due to poor storage facilities for the agriculture produce would soon be a thing of the past. Osinbajo said that improving the working and trading environment for small and medium sized businesses through shared facilities, MSMES clinics and other government interventions were […]
