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[Presidency Nigeria @NGRPresident]

13/ It will produce the following benefits: lower costs of credit; increased access and availability of credit; improved creditor recovery; strengthened job preservation through reorganization and business rescue; promotion of entrepreneurship; and
other benefits for businesses.

[Presidency Nigeria @NGRPresident]

12/ Company Rescue Provisions: These provisions seek to create an effective insolvency regime in Nigeria and have a dual aim: to save viable businesses, and to ensure that non-viable businesses can quickly exit the market, allowing deployment of assets to more productive firms.

[Presidency Nigeria @NGRPresident]

11/
This provision creates multiple options for companies to execute documents, as opposed to just one option. As such, companies may choose not to fabricate a common seal for their business operations.
#EaseBizNG

[Presidency Nigeria @NGRPresident]

10.

- having a principal officer act in conjunction with the company secretary or by having the signature of the principal officer witnessed by a third party.
#EaseBizNG

[Presidency Nigeria @NGRPresident]

9/ Optional use of Common Seal:
Companies will be able to authenticate documents by other means other than the use of a common seal.
Other means include:
- having principal officers of the company execute documents on the company's behalf...
#EaseBizNG

[Presidency Nigeria @NGRPresident]

8/ Introduction of Statement of Compliance Form: Replaces the Declaration of Compliance Form required for Biz Reg w/ a Statement of Compliance Form which can be signed by Business Owner or his agent without need for notarizing the Form before a Notary Public or a Comm for Oaths.

[Presidency Nigeria @NGRPresident]

7/ Introduction of e-signature for Business Registration: These provisions will permit the use of electronic signatures for company registration documents. It will make the entire business registration process fully automated.
#EaseBizNG

[Presidency Nigeria @NGRPresident]

6/ Reservation of names: This provision provides for submission of applications for reservation of names through electronic means. It codifies one of the key #EaseBizNG reforms of @cacnigeria1, and brings the provision in line with the technological solutions of the 21st century.

[Presidency Nigeria @NGRPresident]

5/ Limited Liability Partnerships: A new form of legal entity known as LLP would be created.The essential feature of a Limited Liability Partnership is that it combines the organizational flexibility & tax status of a partnership with limited liability for its members.
#EaseBizNG

[Presidency Nigeria @NGRPresident]

4/ Single Member Companies: It will now be possible for a single person to form a private company, which is the first of its kind in Nigeria. This provision is consistent with what is obtainable in several other progressive economies like the UK, India and Singapore.
#EaseBizNG

[Presidency Nigeria @NGRPresident]

3/ The provisions of the new CAM Bill include the following:

[Presidency Nigeria @NGRPresident]

2/ The Bill reflects certain key provisions which will improve Nigeria’s position on the World Bank Doing Business Index. These provisions cut across different reform areas, in which the Presidential Enabling Biz Environment Council (PEBEC), has been collaborating w/ @nassnigeria

[Presidency Nigeria @NGRPresident]

1/ The Companies and Allied Matters (Repeal and Re-enactment) Bill 2018 (the ‘‘CAM Bill“), passed yesterday by @NGRSenate, is one of the most critical pieces of legislation which impacts the Nigerian business climate, particularly Micro, Small & Medium Scale Enterprises (MSMEs).

[TaxAdvice Nigeria @taxadviceng]

Annual filing of returns for PAYE is almost closing. Companies should endeavour to file their returns on or b4 31st january to avert penalty

[TaxAdvice Nigeria @taxadviceng]

Welcome to 2017. Year of Endless possibilities. #HAPPYNEWYEAR

[Bill Gates @BillGates]

Gene editing is full of promise and peril. I discussed its future with “The Gene” author @DrSidMukherjee: https://t.co/T9ylPDIx2C

[TaxAdvice Nigeria @taxadviceng]

Nigeria considers move to limit tax holiday to 3 years

[TaxAdvice Nigeria @taxadviceng]

Government reviews pioneer legislation and other tax incentives

[TaxAdvice Nigeria @taxadviceng]

FIRS Rolls Out E-Filing System to Ease Tax Payment http://t.co/aubZibN0Fl

[TaxAdvice Nigeria @taxadviceng]

Appeal Court upholds FIRS N1.24bn tax assessment against Haliburton http://t.co/wv33oMCjxb