News
New CAMA will boost foreign direct investment — Capital market operators
Capital market operators on Monday expressed optimism that the the amended Companies and Allied Matters Act, (CAMA) 2020 assented to by President Muhammadu Buhari would boost foreign direct investment in the country.
They told the News Agency of Nigeria (NAN) in Lagos that the amended CAMA, if well implemented, had the potential to increase foreign direct investment with attendant positive impact on foreign exchange market as well as exchange rate.
Recall that Buhari, on Aug. 7 in Abuja, assented to the CAMA Bill, 2020 recently passed by the National Assembly.
The Bill, now Companies and Allied Matters Act, 2020 (“the Act”), repeals and replaces the extant Companies and Allied Matters Act, 1990, and introduces several corporate legal innovations aimed at enhancing ease of doing business in the country.
Some of such innovation are reduction in filing fee and other reforms to encourage small and medium enterprises; provisions for the establishment of private companies with a single shareholder and limited liability partnerships and limited partnerships, among others.
Uche Uwaleke, Professor of Finance and Capital Market at the Nasarawa State University Keffi, who commended the development, told NAN that the amended Act would boost foreign direct investment and investor confidence.
“There is no doubt that the amended Companies & Allied Matters Act represents a boost to the capital in Nigeria and the economy in general.
“It speaks to the ease of doing Business and has the potential to increase foreign direct investment with attendant positive impact on forex market and exchange rate.
“The provisions in the Act that will make this possible include reduction in filing fees for registration and permission to hold virtual Annual General Meetings which reduces costs considerably,” Uwaleke said.
He said that the allowance now made for limited partnerships would likely increase the number of companies that could qualify for listing on any of the Exchanges as Securities Exchanges do not admit partnership forms of business organisation.
Uwaleke anticipated that there would be an improvement in corporate governance of quoted companies by prohibiting anyone from serving as director in more than five public companies and making provision for the protection of minority shareholders.
According to him, speedy filing of returns, now enhanced via electronic filing, and e-meetings will reduce the number of companies at the risk of delisting from the Nigerian Stock Exchange due to late filing of returns.
Uwaleke stated further that encumbrances faced by small companies would reduce as they no longer need to appoint auditors or company secretaries.
“This could have positive impact for the Alternative Securities Market where small companies are listed,” he stated.
Mr Ambrose Omordion, the Chief Operating Officer, InvestData Ltd., said the amended Act came at the right time as the economy needed all the support to propel economic activities.
“It is a welcome development as cost of registering companies will reduce and the whole process has been made easy to encourage junior entrepreneurs and small businesses,” Omordion said.
He, however, called for proper implementation of the amended CAMA to enhance ease of doing business in the country.
Also speaking, Mr Moses Igbrude, immediate-past Publicity Secretary, Independent Shareholders Association of Nigeria (ISAN), commended all the stakeholders behind the success of the amendment from conceptual stage to the final stage of signing it into law.
Igbrude said the amended CAMA would enhance transparency, corporate governance and reduce challenges being faced by businesses in the country. (NAN)
Defence/Security
Banditry: Rep member condemns attack on Kwara community

Stephen Olufemi Oni, Ilorin
The Member representing Ekiti/Isin/Irepodun/Oke-Ero Federal Constituency in the National Assembly, Hon. Raheem Tunji Olawuyi Ajuloopin, has strongly condemned the recent attack in Idofin Odo-Ashe, Oke-Ero Local Government Area of Kwara State, describing it as a cowardly act that seeks to disrupt the peace and stability of the community.
Hon. Ajuloopin, in a statement personally signed by him, expressed deep concern over the unfortunate incident and sympathised with the victims, their families, and the entire community affected by the dastardly attack, emphasising that acts of violence have no place in a civilised society, and therefore urged security agencies to intensify efforts in bringing the perpetrators to justice.
While commending the swift response of both the federal and Kwara State governments, as well as the security agencies and local vigilante groups, the lawmaker reiterated that the fight against insecurity requires collective responsibility, calling on traditional rulers, community leaders, and residents to remain vigilant and cooperate fully with security operatives by providing timely and credible information.
“Security is everyone’s business. We cannot afford to leave the safety of our communities solely to government agencies. Every citizen must be actively involved in safeguarding our environment and ensuring that peace prevails,” Hon. Ajuloopin admonished.
He reaffirmed his commitment to continued collaboration with relevant authorities to ensure that lasting peace in all parts of Kwara South and beyond.
Hon. Ajuloopin also appealed for calm, assuring that both the federal and state governments are working tirelessly to address the root causes of insecurity and prevent future occurrences.
End
News
Governor Namadi Attends High profile Ministerial Meeting On Self-Sufficiency In Cairo

From Hassan Taiye
Governor Umar Namadi is currently in Cairo,Arab Republic of Egypt, attending the Third High-Level Ministerial Meeting on Rice Self-Sufficiency, holding from October 7th to 9th, 2025, in Cairo and Sakha.
The meeting, themed “Towards Rice-Based Agri-Food Systems Transformation and Delivering on Rice Self-Sufficiency through Peer-to-Peer Learning: The Case of the Arab Republic of Egypt,” is jointly organized by the Egyptian Ministry of Agriculture and Land Reclamation, AfricaRice, the Arab Organization for Agricultural Development (AOAD), and other key continental partners.
This high-level gathering brings together African Ministers of Agriculture, State Governors, and agricultural leaders to share practical experiences on achieving rice self-sufficiency and agricultural transformation.
The event will showcase Egypt’s remarkable progress in achieving rice self-sufficiency despite its limited water and land resources, offering valuable lessons adaptable to other African contexts.
Namadi is participating alongside top policymakers, agricultural experts, and private sector players from across Africa to discuss innovations, policy reforms, and strategic investments aimed at strengthening food security and transforming the agricultural sector on the continent.
Over the three-day programme, delegates will engage in high-level ministerial sessions, technical discussions, and a field visit to Egypt’s renowned Rice Research and Training Centre (RRTC) in Sakha.
During the visit, participants will interact directly with Egyptian scientists and farmers to learn about the country’s advancements in high-yield rice varieties, efficient irrigation systems, and modern post-harvest technologies.
Jigawa State’s participation in this important forum underscores the state’s commitment to agricultural transformation, food self-sufficiency, and consolidating Jigawa’s position as one of Nigeria’s leading hubs for rice production and agribusiness development.
The meeting is expected to conclude with a Ministerial Declaration setting a continental roadmap for achieving rice self-sufficiency through collaborative research, policy coordination, and targeted investment across the rice value chain.
Governor Namadi is accompanied by senior officials from the Jigawa State Ministry of Agriculture and related agencies.
News
There’s Political Genocide Against Christians in Northern Nigeria – Aisha Yesufu

By: Fabian Apechihin
Sociopolitical activist Aisha Yesufu has accused Nigerian political leaders of perpetuating what she described as a “political genocide” against Christians in Northern Nigeria.
Yesufu made the remark on Tuesday in response to American comedian and TV host Bill Maher, who recently alleged that Nigerian Christians are facing coordinated attacks.
Maher, speaking on his HBO show, said, “I’m not a Christian, but they are systematically killing Christians in Nigeria. They’ve killed over 100,000 since 2009 and burned 18,000 churches. These are the Islamists, Boko Haram.”
Reacting via her X handle, Yesufu criticized what she called hypocrisy among Nigerian politicians who express concern over Christian persecution yet supported the Muslim-Muslim presidential ticket during the 2023 elections.
“You are shouting that Northern Christians are being persecuted, but you championed a Muslim-Muslim ticket! Their Christianity was not Christian enough for you during the 2023 election,” she wrote.
She concluded by calling for greater attention to what she termed the “political genocide” against Northern Christians, urging consistency in both words and actions when addressing religious and political marginalization in Nigeria.
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