Category: Business

Revolutionizing Corporate Administration: Hussaini Ishaq Magaji’s Achievements as CAC Registrar-General ,By Lukman Laleye Babalola

Lukman Laleye Babalola

Since his appointment as Registrar-General of the Corporate Affairs Commission (CAC) on October 16, 2023, Hussaini Ishaq Magaji, SAN, has implemented groundbreaking reforms aimed at transforming Nigeria’s corporate landscape. His tenure has been marked by strategic innovation, digital transformation, and enhanced service delivery, positioning the CAC as a critical driver of economic growth and formalization in Nigeria. One of Magaji’s standout achievements is the deployment of an AI-powered business registration interface designed to streamline operations and reduce registration time to an unprecedented five minutes. The enhanced online portal now allows…

South Africa seeks Nigeria’s Lithium for EV Batteries, backs Nigeria’s G20 Bid

Lukman Laleye Babalola

Cape Town, South Africa – President Cyril Ramaphosa has announced South Africa’s interest in partnering with Nigeria to harness its lithium reserves, a critical mineral for electric vehicle (EV) battery production. This collaboration aims to accelerate the green energy transition and boost clean energy manufacturing on the continent.   Speaking at the Nigeria-South Africa Business Roundtable on Tuesday, President Ramaphosa highlighted the importance of leveraging Nigeria’s vast lithium resources for industrialisation in the EV sector. He called on the private sector and financial institutions to support infrastructure development and manufacturing…

Gov Okpebholo woos Investors to Edo …… Pledges business-friendly Environment

Lukman Laleye Babalola

Edo State Governor, Senator Monday Okpebholo, said his administration will create a business friendly environment to attract investors to the State. Governor Okpebholo disclosed this on Tuesday when he inspected facilities at a private steel manufacturing company located in Ogua Community of Ikpoba-Okha Local Government area of the State, promising a conducive and enabling environment for businesses to thrive. While he thanked the company’s management for contributing to the growth and development of the State, the Governor appealed to them to be faithful in their social responsibility to the people…

CAC partners CBN to enhance regulatory and compliance drive among MDAs

Lukman Laleye Babalola

The Corporate Affairs Commission (CAC) and the Central Bank of Nigeria (CBN) have agreed to strengthen their collaboration in the exercise of compliance and regulatory functions among MDAs. This indication was given today during a courtesy call on the Registrar-General/CEO of the Corporate Affairs Commission, Hussaini Ishaq Magaji in Abuja by a team from the Central Bank of Nigeria. Led by Mr. Kofo Salam-Alade, Director Legal, the team underscored the Commission’s contribution to the country’s economy, particularly compliance, enforcement, and regulatory duties. He stressed that the visit was aimed at,…

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…