On May 15, 2018 the Senate of the Federal Republic of Nigeria took giant strides towards actualizing the long anticipated repeal and re-enactment of the Companies and Allied Matters,1990 by passing the Companies and Allied Matters (Repeal and Re-enactment) Bill 2018. Below is a summary of the most critical changes to be expected in the business landscape after the Bill is passed by the House of Representatives and assented to by the President.