According to the Companies and Allied Matters Act (CAMA) 2020, no partnership consisting of more than 20 persons shall be formed to carry on any business for profit or gain.
The EEL presents a complex situation for businesses since there is a balancing act between encouraging local talent and maintaining access to specialized expertise…
Debentures, serve as contractual obligations between creditors and the company, and often include a charge on the company's assets, akin to a mortgage transaction.
The term Corporate Governance entails the effective and transparent oversight of an organization’s operations by its management and board, to foster stakeholder engagement. It encompasses managerial accountability, board structures, and the protection of shareholders’ rights
CAMA 2020 equips Nigerian minority shareholders with a powerful tool – the oppression remedy. It tackles not just voting disparity, but also unfair dividends, manipulative directors, and even discriminatory practices.
In conclusion, Nigeria needs an effective insolvency framework for rescuing struggling oil firms and requires limited court intervention, debtor-friendly practices, and specialized courts.
A microfinance bank may be established by individuals, groups of individuals, community development associations, private corporate entities and foreign investors subject to a maximum of 49% shareholding for individuals and aggregate related parties.
In incorporating an enterprise, the name given to such enterprises is very important, there may be conflicts between one enterprise and another without any proper regulation on the names of businesses; this is why the Companies and Allied Matters Act 2020 prohibits and restricts businesses from adopting certain names
The implication of the inclusion of a non-compete clause or non-compete agreement is that where the agreement is validly enforceable, any breach of the terms of the agreement affords the employer a right of action in court.
