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JAMB Commerce 1997 Question 39

Question 39

Business Units

The most important piece of legislation governing business and commercial activities in Nigeria currently is the

  1. A.Companies Decree, 1968
  2. B.Trade Disputes Decree, 1976
  3. C.Companies and Allied Matters Decree, 1990
  4. D.Banks and Other Financial Institutions Decree, 1991.
Show the answer and explanation

Answer: C (Companies and Allied Matters Decree, 1990)

Explanation

The Companies and Allied Matters Decree 1990 (CAMA) governs the formation and running of companies and businesses in Nigeria.