New Minimum Paid-Up Capital For Companies With Foreign Participation

On Tuesday, December 6, 2023, The Corporate Affairs Commission (the “Commission” or “CAC”) released a public notice on the minimum paid-up capital for Nigerian companies with Foreign Participation (the “Public Notice”). This Public Notice, was concerning the Commission’s commencement of the implementation of the provisions of the Revised Handbook on Expatriate Quota Administration 2022.