CAC Makes U-Turn, Suspends Plan To Increase Minimum Paid-Up Capital Requirement Of Foreign Companies To N100m

The Corporate Affairs Commission (CAC) has suspended the new minimum paid-up capital requirement for companies with foreign participation.

The decision, announced on Friday via X, is coming three days after it released a directive dated December 5, 2023, where it raised the capital requirement from N10m to N100m.

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