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AALAWSNGaalawsng@mstdn.social
2025-02-27

The Legal Basis for Minimum Share Capital Under Nigerian Law
#NigeriaLaw #ShareCapital #BusinessCompliance #LegalFramework #CorporateLaw #MinimumShareCapital ##Investment #RegulatoryCompliance #AALawsng #AvielAvenante #Aviel #Avenante

SLIDE 1 The Legal Basis for Minimum Share Capital Under Nigerian Law What is Share Capital? Share capital refers to the funds a company raises by issuing shares to investors or shareholders. It represents ownership in the company and serves as a financial foundation for its operations. There are two main types: Authorized Share Capital – The maximum amount of share capital a company is legally allowed to issue. Issued Share Capital – The portion of authorized share capital that has been allocated to shareholders. aviel avenante law logo www.aaLawsng.comSLIDE 2 Importance of Share Capital Share capital plays a vital role in: Business Credibility – Investors and partners assess a company’s financial strength based on its share capital. Regulatory Compliance – Many industries have minimum share capital requirements for company registration. Investment & Expansion – Companies use share capital to raise funds for business growth. aviel avenante law logo www.aaLawsng.comSLIDE 3 Legal Basis for Minimum Share Capital in Nigeria The Companies and Allied Matters Act (CAMA) 2020 introduced key reforms on share capital, including: Abolishing the concept of authorized share capital and replacing it with minimum issued share capital Section 27(2)(a) of CAMA 2020 – Every company must have a minimum issued share capital. aviel avenante law logo www.aaLawsng.comSLIDE 4 Industry-Specific Minimum Share Capital Requirements Beyond general business registration, certain industries have specific share capital requirements. To know if your industry requires a minimum share capital, check out the post by AASecretaries here: [Insert Link] New share capital thresholds for companies: Private companies – ₦100,000 minimum share capital Public companies – ₦2 million minimum share capital aviel avenante law logo www.aaLawsng.com
Chuck Darwincdarwin@c.im
2023-06-30

The oil and gas industry has delivered $2.8billion *a day* in #pure #profit for the last *50 years*, a new analysis has revealed.

The vast total captured by petrostates and fossil fuel companies since 1970 is $52 trillion, providing the power to “*buy every politician*, every system” and *delay action* on the climate crisis, says Prof #Aviel #Verbruggen, the author of the analysis.

The huge profits were inflated by cartels of countries artificially restricting supply

theguardian.com/environment/20

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