Category: Business

CAC partners Indian Professionals, business community to enhance company registration

Lukman Laleye Babalola

The Corporate Affairs Commission (CAC) is exploring partnerships with a select group of Indian professionals and entrepreneurs to enhance its operations.   The Registrar-General/CEO of the Commission, Hussaini Ishaq Magaji, revealed this today during a meeting with the Indian Business Community and professionals who were part of the Indian Prime Minister Narendra Modi’s state visit to Nigeria earlier this week.   The Registrar-General who received the delegation led by Rekha Sharma in his office said the visit would afford the Commission the opportunity to explore areas aimed at strengthening its…

We will partner with you to sanitize the capital market operation – DG SEC

Lukman Laleye Babalola

By James Isaac, Abuja     The Director General of Securities and Exchange Commission(SEC), Emomotimi Agama Ph.D has posited that, the Commission and the National Assembly are both partners in making laws that will guide the operations of the capital market where the public’s investment is protected.   This according to him requires updating outdated laws in order to have a smooth operation of the monetary policies and also remove bottlenecks and keep abreast with international best practice.   He made the disclosure on Thursday 14 November, 2024 at the…

SEC seeks Senate Committee support for passage of Investments and Securities Bill 2023

Lukman Laleye Babalola

The Securities And Exchange Commission SEC has urged members of the Senate Committee on Capital market to be on same page with other stakeholders for the passage and enactment of Investment and Securities Bill 2023 by the Nigeria’s Senate.   SEC argued that the Investments and Securities Bill 2023 currently enjoying the overwhelming support of stakeholders in the Nigerian capital market, said there was a collective resolve in the capital market community to work together towards the enactment of the Bill during the life of the 10th National Assembly. SEC…

CAC partners British High Commission to deepen public sector reforms

Lukman Laleye Babalola

The Corporate Affairs Commission (CAC)and the British High Commission (BHC) are set to deepen collaboration and enhance implementation of beneficial ownership principles, among others. This indication was given at a meeting between the British High Commission and the CAC today in Abuja. A two-man delegation led by Chris Okeke (Senior Governance Advisor) accompanied by Jehanzeb Khan(Illicit Finance Adviser) highlighted BHC’s activities and collaboration with several government agencies in the areas of anti-corruption, money laundering, illicit financing, transparency, and accountability in public office. The team acknowledged Nigeria’s success in the implementing…

NEC asks Tinubu to withdraw tax reform bills

Emporium Reporters

The National Economic Council (NEC), has urged President Bola Tinubu to immediately withdraw the Tax Reforms Bill from the National Assembly to create room for further consultations and consensus building.   Oyo State Governor ,Seyi Makinde announced this while briefing State House correspondents at the end of the 144th NEC meeting headed by Vice-President Kashim Shettima, in Abuja.   The recommendation was coming following the controversies that trailed the bills.   Makinde explained that the council members agreed that it was important to allow for consensus building and understanding of…

RG CAC restates commitment to Staff Capacity Building

Lukman Laleye Babalola

The Registrar-General/CEO CAC, Hussaini Ishaq Magaji, SAN, has restated his commitment to training and retraining for staff in line with his four point agenda. Hussaini Ishaq Magaji, stated this in Casablanca, Morocco while leading a team on capacity building and study tour.   He stressed that the 5-day program will serve as a peer learning experience for the beneficiaries and therefore charged them to utilize the opportunity for greater efficiency.   Magaji said he would continue to work hard to ensure that the Commission achieved its mission of becoming a…

2024 MANAGEMENT RETREAT: RG restates commitment to reposition CAC to be Customer Centric

Lukman Laleye Babalola

The Registrar-General/CEO Corporate Affairs Commission (CAC) Hussaini Ishaq Magaji, has expressed his resolve to transform and restructure the Commission to a customer-centric global registry that satisfy the aspirations of both national and global businesses. Hussaini Ishaq Magaji stated this in Jos Plateau State while declaring open the 2024 Management Retreat with the theme “Repositioning the Corporate Affairs Commission for Enhanced Service Delivery.”. The Registrar-General therefore said that the current organogram must be totally dismantled to pave the way for a more flexible and dynamic structure in synch with global reality.…

BREAKING: CAC activates Feedback mechanism to enhance service delivery

Lukman Laleye Babalola

The Corporate Affairs Commission (CAC) has announced the activation of a reinvigorated feedback module on its Customer Relationship Management (CRM) to enhance customer experience.   The Registrar-General/CEO CAC, Hussaini Ishaq Magaji disclosed this landmark achievement as the Commission continues to celebrate the 2024 Customer Service Week with the theme “Above and Beyond.”.   Hussaini Magaji revealed that the automated feedback module of the call centre will enable customers to relate their service experiences back to the commission through the platform.   He added that the Customer Service Department will collate…

CAC secures World Bank support to Digitalise Legacy Records

Emporium Reporters

The Corporate Affairs Commission is set to enjoy World Bank support and other international finance institutions to digitise legacy records dating back to 1912.   The Registrar General/CEO CAC, Hussaini Ishaq Magaji revealed this shortly after his participation at the In-Person Meeting Africa Beneficial Ownership, Transparency Network (AfBOTN) held on 9-10 October 2024 in Seychelles.   The Registrar-General further revealed that the support will include staff capacity building towards the unmasking of beneficial owners from international donor agencies.   During session 7 of the event, the CAC boss made a…

RG CAC rewards 59 staff for dedication to duty

Lukman Laleye Babalola

The Registrar-General/CEO Corporate Affairs Commission (CAC), Hussaini Magaji, has presented Awards of Excellence to 59 staff of the Commission for their dedication and commitment to the discharge of their duties. The awards were presented today October 9th ,at a ceremony held in commemoration of the 2024 Customer Service Week flagged off on Monday across the Globe with the theme “Above and Beyond.”. 22 of the recipients were drawn from the head office and 37 from CAC offices across the country. Presenting the Awards to the recipients, the Registrar-General/CEO CAC Hussaini…