The Business Facilitation (Miscellaneous Provisions) Bill 2022 was signed into law by the President of the Federal Republic of Nigeria on the 8th of February 2023 and it became the Business Facilitation (Miscellaneous Provisions) Act. The Act amends 11 business-related laws, one of which is the Companies and Allied Matters Act 2020. The amended provisions in the Business Facilitation (Miscellaneous Provisions) Act of 2023 (BFA) have several implications for businesses. This article will consider the impact of the amended provisions on the private ownership of shares and assets.