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Tag: CAC

featured Finance

NIN, CAC numbers to serve as tax IDs from 2026 — FIRS

The Federal Inland Revenue Service has announced that the National Identification Number will automatically become the Tax Identification Number for individual Nigerians from 2026. The clarification was issued on Monday as part of a public awareness campaign on newly enacted tax laws shared by the Service on X. Under the revised tax framework, the FIRS […]

CAC registers 330,000 small enterprises
Business

CAC tightens rules for online business name updates

The Corporate Affairs Commission has stated that all online requests to update business names must now provide additional personal and contact details. In a public notice issued Wednesday, the commission said the requirement aims to enhance verification and maintain the accuracy of registered business information. This measure is part of the CAC’s ongoing efforts to […]

CBN restricts daily limit of POS transactions to N100,000
Business featured

CAC threatens shutdown of unregistered PoS operators from Jan 1

The Corporate Affairs Commission has announced that all unregistered Point of Sale operators will be shut down starting from January 1, 2026. Furthermore, the Commission stated that financial technology firms found to be enabling illegal activities are currently on its watchlist. The CAC made this announcement in a statement released on Saturday, where it described […]

CAC to delete inactive companies in 90 days
Business

CAC issues alert on 15 companies operating without registration

The Corporate Affairs Commission has alerted the public to 15 unregistered company names and registration numbers currently being used in business transactions across Nigeria. In a notice posted on X, the CAC urged Nigerians to exercise utmost caution when engaging with individuals or organisations operating under any of the listed names. The Commission said it […]

CAC registers 330,000 small enterprises
Business

CAC to speed up company registrations with AI

The Corporate Affairs Commission has announced plans to deploy an Artificial Intelligence agent to address a backlog of 7,000 company registration applications and reduce service delays. Registrar-General and CEO of the CAC, Hussaini Ishaq Magaji, SAN, revealed this on Monday during a stakeholders’ forum in Kano. He stated that the AI agent will manage requests […]

CAC to delete inactive companies in 90 days
Business

CAC to delist 100,000 inactive companies over non-compliance

The Corporate Affairs Commission has announced plans to delist 100,000 companies from its register due to prolonged inactivity and failure to comply with statutory requirements under the Companies and Allied Matters Act. In a public notice, the Commission said the affected entities were flagged for not conducting business, remaining inactive for over a decade, or […]

CAC to delete inactive companies in 90 days
Business

CAC defers fee changes, cites users difficulty with new portal

The Corporate Affairs Commission has deferred the implementation of its revised service fees to September 1, citing transitional difficulties encountered by users. This was disclosed in a statement on Monday titled, “Postponement of Implementation of New Fees and Penalties for Document Downloads.” The CAC stated that, as part of its ongoing efforts to ensure the […]

CAC denies irregular recruitment
Business

CAC’s AI portal handles 11,000 daily transactions

The Corporate Affairs Commission says its new Artificial Intelligence-powered business registration portal is now handling over 11,000 transactions daily, marking a significant advance in automation despite ongoing technical challenges. In a statement on Sunday, the CAC acknowledged persistent issues with identity verification and payment processing but assured users that efforts are underway to resolve them. […]

CAC registers 330,000 small enterprises
Business

CAC flags three cooperative societies for fake incorporation certificates

The Corporate Affairs Commission has flagged three cooperative societies in Nigeria for presenting fake certificates of incorporation bearing registration numbers not issued by the Commission. In a public disclaimer dated July 14, 2025, and signed by its management, the CAC warned Nigerians against conducting any business with the affected entities. The Commission revealed that each […]

CAC to delete inactive companies in 90 days
Business

CAC launches AI-powered portal to simplify company registration

The Corporate Affairs Commission has launched a new Artificial Intelligence-powered registration portal designed to simplify company registration and speed up approval processes, as part of efforts to enhance Nigeria’s business environment. The Registrar-General/CEO, Hussaini Ishaq Magaji, SAN, announced the initiative during the Commission’s 2025 Stakeholders Forum held in Port Harcourt, according to a statement by […]

CAC to delete inactive companies in 90 days
News

CAC to sanction officers violating application guidelines

The Corporate Affairs Commission has vowed to impose sanctions on any officers found violating application guidelines and procedures. In a statement on Thursday, the Commission expressed concern over complaints indicating that some officers may be fast-tracking certain applications at the expense of others. “The Commission does not take these allegations lightly and is, therefore, investigating […]

CAC denies irregular recruitment
News

CAC to shut down unregistered PoS businesses after September deadline

The Corporate Affairs Commission has announced that it will begin taking stringent actions, including shutting down Point of Sale businesses that did not comply with its registration requirement by the September 5 deadline. This was disclosed in a public notice released on Friday. The CAC indicated that compliance levels have been insufficient and warned that […]

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