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Tag: CAC

CAC to delete inactive companies in 90 days
News

CAC threaten to delist certificates of revoked BDCs licenses

The Corporate Affairs Commission has declared that it intends to cancel the incorporation certificates of Bureaux De Change whose licences were withdrawn by the Central Bank of Nigeria earlier this year. This was disclosed in a notice on its website on Wednesday, stating that the certificates would be canceled within three months if the affected […]

CAC to delete inactive companies in 90 days
News

CAC opens bulk registration for PoS operators ahead of July deadline

The Corporate Affairs Commission has taken a significant step towards the bulk registration of Point of Sale operators in Nigeria with the unveiling of a dedicated center for this purpose. This move comes in the wake of a recent two-month deadline issued to PoS operators to undergo registration, aimed at sanitizing the business segment and […]

CAC denies irregular recruitment
News

CAC drops deadline for POS operators’ bank registration

The Corporate Affairs Commission has instructed banks to ensure the registration of their customers in the agent banking platform on or before July 7, 2024. This was disclosed in a statement by the Registrar-General/CEO of CAC, Hussaini Ishaq Magaji on Tuesday. According to the statement, Magaji in a letter to banks, directed banks to register […]

CAC denies irregular recruitment
News

CAC, fintech firms partner to register PoS operators, merchants

The Corporate Affairs Commission has announced that it will partner with fintech companies in Nigeria, better known as PoS operators, for a two-month timeline to register their agents, merchants, and individuals across the country. This follows the Central Bank of Nigeria’s directive to have PoS operators in Nigeria registered by CAC. This agreement was revealed […]

CAC denies irregular recruitment
News

CAC denies irregular recruitment

The Corporate Affairs Commission refuted allegations of irregular staff recruitment under the leadership of its Registrar-General/CEO, Hussaini Ishaq Magaji, SAN. In a statement released on its official X page on Saturday, April 20, 2024, CAC denied reports online that accused the Registrar of hiring over 100 graduates from his home state of Bauchi. The statement […]

CAC denies irregular recruitment
News

CAC denies charging companies for tax IDs

The Corporate Affairs Commission has denied the reports that its agency demands payment from companies for their Tax Identification Number. This was disclosed in a circular signed by the management on Friday via their X handle. The commission said it identified a bulk of emails that did not come from CAC, targeting directors of newly […]

News

CAC, NFIU partner against irregular financial transaction

The Corporate Affairs Commission has pledged to strengthen its relationship with the Nigeria Financial Intelligence Unit to ensure Nigeria exits the Financial Action Task Force’s grey list. This was disclosed by the The Registrar-General and Chief Executive Officer of the CAC, Ishaq Magaji, on Friday while receiving the Director/CEO of the NFIU, Hafsat Bakari, on […]

CAC registers 330,000 small enterprises
Business

CAC registers 330,000 small enterprises

The Corporate Affairs Commission stated that it has begun the registeration of extra 330,000 small enterprises that were previously conducting business informally throughout the nation. According to This Day, this happened just a week ago when, together with Moniepoint Microfinance Bank, the commission registered two million MSMEs in a single, unprecedented sweep. Additionally, the commission […]

CAC urges content creators to register, pay taxes
News

CAC urges content creators to register, pay taxes

The Corporate Affairs Commission has encouraged social media content creators, Instagram users, and TikTok users with significant followers to register their businesses in compliance with the Company and Allied Matters Act 2020. This initiative coincides with reported intentions by the Federal Inland Revenue Service to include media content and influencers in its tax system. The […]

CAC registers 330,000 small enterprises
Business

CAC extends deadline for filing annual reports to April

The Corporate Affairs Commission has approved an extension of time for corporations to file annual returns, moving the deadline from January 1, 2024 to April 1, 2024. This was revealed in a message obtained on the commission’s official X feed on Thursday, December 28, 2023. Earlier in November, the commission said that it will remove 91,843 […]

CAC to delete inactive companies in 90 days
Business

CAC to delist 91,843 businesses over violation

The Corporate Affairs Commission plans to remove 91,843 companies from its register for failing to file annual returns. Nairametrics reported that the commission submitted the names of 91,843 companies for delisting in a list that was made available on its website. This is 2,738 less names of companies than the 94,581 names it released in August. Additionally, […]

CAC uncovers 189 fraudulent companies
News

CAC uncovers 189 fraudulent companies

    Bisola David The Corporate Affairs Commission has uncovered 189 fake companies used to secure land allocations in the Federal Capital Territory. The CAC Registrar General, Hussaini Magaji, stated this during a press conference on Tuesday in Abuja. He explained that the discovery of a non-existent company led him to investigate further, resulting in […]

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