Category: Business

CAC Registrar General restates commitment to continued Staff training for efficient services

Emporium Reporters

In its continued bid to ensure efficient services to customers, the Corporate Affairs Commission (CAC) assured that training and re-training of staff in all sectors of its operations will continue to receive priority attention.   The Registrar General and CEO of the CAC, Alhaji Garba Abubakar, stated this at the flag-off of a training titled “Advanced Learning and Goal Setting Training for Management and Senior Staff of the CAC held in Uyo, Akwa Ibom State.   Alhaji Garba Abubakar noted with pleasure that the CAC was blessed with highly talented…

CIPM seeks CACs validation of its certificate

Emporium Reporters

The Chartered Institute of Personnel Management(CIPM) has urged the Corporate Affairs Commission (CAC) to grant special recognition to the institute’s certification. The President of the CIPM, Mr. Olusegun Mojeed, made this request during a courtesy visit to the Registrar General, Alhaji Garba Abubakar. Olusegun Mojeed said the institute was at the commission to explore areas of collaboration as it was doing with other agencies, including the office of the Head of Service of the federation, in line with its mission to promote excellence in people management through value creation, optimisation…

CBN must Stop Reckless Management of Foreign Reserve – Pol Eco Analytics

Emporium Reporters

A Nigerian – based independent think tank and research organization,Pol Eco Analytics has condemned the Central Bank of Nigeria (CBN) for the reckless management of the nation’s foreign reserves, that is very strategic to the nation economic well being. Pol Eco Analytics having observed the recently development withing the nations foreign exchange market, essentially as the forex unification and CBN I&E Window policy have proved not to be achieving the goal of eliminating multiple forex market and mitigate currency speculation, round tripping and insider abuses that put undue pressure on…

How I made it to the top without rich parents or attending best schools — Tony Elumelu

Emporium Reporters

The Chairman of the United Bank for Africa PLC, Tony Elumelu, has revealed how he made it to the top of his career despite not having rich parents or attending the best schools. The Founder of Tony Elumelu Foundation made this known on his Facebook page after a speech he delivered on Saturday. The Eagle Online recalls that Elumelu, who is the Chairman of Transcorp Group, spoke at a conference for youths in Abuja. He wrote on his Facebook page on Sunday: Yesterday, I spoke to a group of brilliant teens at…

BREAKING: NNPC secures N2.3trn loan to stabilise Naira against Dollar

Emporium Reporters

The Nigerian National Petroleum Corporation (NNPC) Limited has secured a N2.3trn ($3 billion) crude repayment loan to support the naira and stabilise the foreign exchange market. NNPC in a terse statement on Wednesday, August 16, 2023, said the loan was secured from the AFRIEXIM bank headquarters in Cairo, Egypt. The statement reads; “The NNPC Ltd. and AfriEXIM bank have jointly signed a commitment letter and Termsheet for an emergency $3 billion crude oil repayment loan. “The signing, which took place today at the bank’s headquarters in Cairo, Egypt, will provide…

BREAKING: FG files 20 fresh charges against former bank chief, Emefiele ….seeks to withdraw Lagos case

Emporium Reporters

There could not be end in sight in the war between president Bola Tinubu-led administration and former Central Bank of Nigeria—CBN, Godwin Emefiele as the former on Tuesday applied to withdraw the “illegal possession of firearms” case it filed against the embattled bank chief at the Federal High Court sitting in Lagos. Mohammed Bakodo Abubakar, Director of Public Prosecutions (DPP) at the Federal Ministry of Justice told Justice Nicholas Oweibo that the application followed the result of further investigations. He made his application orally. But defence counsel Joseph Daudu (SAN)…

CAC secures nomination for International Award …. as BOR sensitization ends in major cities

Emporium Reporters

The Corporate Affairs Commission (CAC) has successfully completed the first leg of stakeholder sensitization on the use of the Beneficial Ownership Register (BOR). The journey to building Africa’s first BOR began seven years ago with Nigeria making a commitment to the world during the 2016 London Anti-Corruption Summit. At the Summit, Nigeria pledged, among other things, to open a publicly available beneficial ownership register of corporate entities. The CAMA 2020 heralded a new beginning as work on the BOR began in earnest, scaling through extensive development and testing in line…

CAC to deregister 100,000 coys over failure to file annual returns

Emporium Reporters

The Corporate Affairs Commission, CAC, says it will strike off one hundred thousand companies that have failed to file annual returns in the last ten years. The Registrar-General of the CAC, Garba Abubakar, in a statement, said this while speaking at a Training Workshop on the Use of the Beneficial Ownership Register, BOR, in Lagos. Mr Abubakar, however, said that the Commission would soon send notices of striking off to the affected companies before embarking on the action as enshrined in section 692 of the CAMA,2020. He explained that the…

Pol Eco Analytics calls on CBN to rethink interest rate hike

Emporium Reporters

Pol Eco Analytics, a Nigerian based independent think tank and research organization has called on the Central Bank of Nigeria ( CBN) to rethink its monetary policy over the years, favour increasing interest rate as a measure to fight inflation in the economy. While Pol Eco Analytics acknowledged the fact that interest rate was one out of other monetary instruments available to cushion inflation. However, this monetary instruments has now become the only weapon CBN deployed in the name of fighting inflation. Pol Eco Analytics said”For the record, since middle…

CAC unveils Service Charter

Emporium Reporters

By ABUBAKAR YUSUF.     The Corporate Affairs Commission CAC is determined to reduce it’s service hours from 24hrs to 6hrs daily going forward across the country.   This was disclosed by the Registrar General, Corporate Affairs Commission CAC, Alhaji Garba Abubakar during the launch of it’s service charter held at the Reitz Continental Hotel , Abuja on Wednesday.   The CAC helmsman who promised to abide by the operation of the new service charter promised to do anything humanly possible to achieve the basic requirements.   He reassured Nigerians…