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Companies and Allied Matters Act (CAMA) 2020
ActNigeria Source: NigeriaLII / National Assembly
Business RegistrationCompany LawCACIncorporation
Summary (Plain English)
Principal law governing company registration in Nigeria. Administered by the Corporate Affairs Commission (CAC). Companies can be registered as: Private Limited Company (Ltd/Pty Ltd), Public Limited Company (Plc), Company Limited by Guarantee, or Unlimited Company. Single-member companies now permitted. Registration: 1) Check name availability. 2) Reserve name. 3) File incorporation documents. 4) Pay fees. 5) Obtain Certificate of Incorporation. Minimum share capital: NGN 100,000 for private companies. Annual returns required.
What This Means For You
- • CAC handles all company registrations in Nigeria
- • Single-person companies now allowed under CAMA 2020
- • Minimum share capital: NGN 100,000 for private companies
- • Registration can be done online via CAC portal
- • Annual returns must be filed to maintain good standing
Original Source
https://www.cac.gov.ngContent sourced from NigeriaLII / National Assembly. Always refer to the official document for authoritative text.
Not legal advice. This summary is for informational purposes only. ONIM does not store or republish full legal texts. Always consult a qualified legal professional for advice specific to your situation.