Category: Business

2024 CUSTOMER SERVICE WEEK: Stakeholders hail CAC’s Excellent Service Delivery

Lukman Laleye Babalola

The Corporate Affairs Commission has been applauded for excellent service delivery as the World Celebrate 2024 Customer Service Week with the theme “Above and Beyond.”. The Service Compact with All Nigerians (SERVICOM), Nigerian Bar Association (FCT) Branch, and Institute of Chartered Secretaries and Administrators of Nigeria (ICSAN) Abuja Branch unanimously gave the commendation today in Abuja during the celebration of the 2024 Customer Service Week. The National Coordinator/CEO SERVICOM Nnenna Akajemeli spoke extensively on their activities vis-à-vis the Customer Service Week and applauded CAC for being the most innovative parastatal.…

NEPC,NIDCOM partner on Diaspora Export Market Place

Lukman Laleye Babalola

The Agricultural sector is a powerhouse of opportunities, contributing 25 percent to Nigeria’s GDP and employing over 70 percent of the workforce.   Recognising the potential for global growth, NEPC and NiDCOM are partnering to engage the diaspora in expanding Nigeria’s export reach. This was emphasised by Mrs. Nonye Ayeni, Executive Director/CEO, Nigerian Export Promotion Council, (NEPC), during a strategic meeting at NiDCOM Headquarters in Abuja.   Mrs. Ayeni highlighted that the Council’s primary mandate, which focuses on coordinating and harmonising export development and promotion activities, aligns with initiatives such…

Tinubu appoints Joseph Tegbe as DG China-Nigeria Strategic Partnership

Emporium Reporters

President Bola Ahmed Tinubu has appointed Mr. Joseph Olasunkanmi Tegbe as the Director-General and global liaison for the Nigeria-China strategic partnership.   This follows the agreements reached by the two countries during the President Tinubu’s visit to the Asian country in early September.   Tegbe, 58, a 1988 first-class graduate in civil engineering from Obafemi Awolowo University, will report directly to the President, a statement on Sunday by Bayo Onanuga, Special Adviser to the President on Information and Strategy.   According to the statement, Tegbe is a fellow of the…

RG CAC visits Malaysia Companies Registry, restates commitment to service optimisation

Lukman Laleye Babalola

The Registrar-General/CEO, Corporate Affairs Commission (CAC) Hussaini Ishaq Magaji, has renewed his commitment to speed up the process of making it the commission attain world-class status.   Hussaini Ishaq Magaji stated this in Kuala Lumpur when he led a CAC delegation on a familiarisation visit to the Companies Commission of Malaysia.   Magaji and his team were briefed on the operations of the Commission by Datuk Nor Azimah Abdul Aziz, Chief Executive Officer and Registrar of the Commission.   During the meeting, the duo shared their experiences regarding operational procedures…

Trade Surplus Alone Can’t Improve Economy – Pol Eco Analytics

Lukman Laleye Babalola

Following the recent second quarter 2024 report as announced by the National Bureau of Statistics (NBS) of the nation’s N6.94 trillion trade surplus,, a Nigerian -based independent think tank and research organisation, Pol Eco Analytics, has said though the news is cheering, it’s not a sign of improved economy target.   It clarified that the existence of a trade surplus is an economic indicator of a positive trade balance, where a nation’s exports exceed its imports but not enough to reduce the high cost of living and ease of doing…

ALLOCATION: FG, States, LGAs share N1.203Trillion for month of August 2024

Lukman Laleye Babalola

The Federation Account Allocation Committee (FAAC), at its September 2024 meeting chaired by the Honourable Minister of Finance and Coordinating Minister of the Economy, Wale Edun, shared a total sum of N1.203 Trillion to the three tiers of government as Federation Allocation for the month of August, 2024 from a gross total of N2.278 Trillion.   From the stated amount inclusive of Gross Statutory Revenue, Value Added Tax (VAT), Electronic Money Transfer Levy (EMTL) and Exchange Difference (ED), the Federal Government received N374.925 Billion, the States received N422.861 Billion, the…

CAC Registrar-General bags ICSAN Fellowship Award

Lukman Laleye Babalola

The Institute of Chartered Secretaries & Administrators of Nigeria (ICSAN) has awarded the Registrar-General/CEO of Corporate Affairs Commission (CAC), Hussaini Ishaq Magaji, SAN Honorary Fellowship. ICSAN held its annual dinner and awards on Friday 13th September, 2024 at the MTN Plaza, 1, Awolowo Road, Falomo roundabout, Ikoyi, Lagos.   Conferring the award on him, the ICSAN President/Chairman of Council, Mrs. Funmi Ekundayo, FCIS, said the fellowship award was in recognition of his display of unparalleled leadership, entrepreneurial, and administrative skills.   She added that the Registrar-General’s enviable commitment to the…

CAC to shutdown unregistered POS Businesses as September 5 Deadline expires

Emporium Reporters

The Corporate Affairs Commission (CAC) has disclosed that it is set to take action against Point of Sales (PoS) businesses that have failed to register their businesses following the passing of the September 5 deadline earlier announced. The CAC alleged that POS businesses that failed to register may be involved in illegal activities.   The Commission added that it is working with law enforcement agencies and other relevant stakeholders to deploy sanctions such as possible shutdown and other severe legal consequences against POS operators who have not complied with the…

Onigbinde commends Ogbomoso South Local Govt Chairman on construction of Kajola modern market

Lukman Laleye Babalola

The development of modern market infrastructure in Ogbomoso South Local Government has been described as a landmark development that will facilitate growth of trade and commerce in the community. According to Mr. Benjamin Onigbinde who is the Convener of Ogbomoso Economic and Investment Summit and a member of 25years Development Plans’ Commerce and Industry Committee, the multiple effect of the new Kajola Modern Market will significantly promote employment, and improve security. He stressed that standard market environment is pivot to increase trading activity including hygiene food preservation, trader’s and finance…

CAC bags BPSR Gold Level Award for Excellent Service Delivery

Lukman Laleye Babalola

The Bureau of Public Service Reforms (BPSR) has awarded the Corporate Affairs Commission CAC a Gold Level Award for Exceeding Expectations. The Director General of BPSR, Mr. Dasuki Arabi, presented the award to the Registrar-General/CEO, CAC Hussaini Ishaq Magaji, today in his office. He revealed that the award was the outcome of a compliance report following Federal Government directives mandating the Bureau BPSR to facilitate the deployment of the self-assessment tool (SAT) across all Federal Ministries, Departments, and Agencies (MDAs) and to submit quarterly status reports to the Office of…