Category: Business

The CAC has assured that it will collaborate with a nongovernmental organisation, Kudimata, to register 30 thousand businesses owned by Corps Members. The Registrar-General/CEO CAC, Hussaini Ishaq Magaji, revealed this on Tuesday 13th February,2024 while receiving Mrs. Kathleen Erhimu, the founder of Kudimata Nig Ltd.,who was on a courtesy call to the Commission. Hussaini Ishaq Magaji described the development as a huge boost to his dream of registering 20 million businesses in 2024. Speaking on her mission to the CAC, the founder, Kudimata, said the over-two-year-old firm is in partnership…

In its continued bid to drive compliance and achieve President Bola Ahmed Tinubu’s dream of creating 50 million jobs, the Corporate Affairs Commission has announced plans to formalise 300,000 businesses in the country. The Registrar-General/CEO of the CAC, Hussaini Ishaq Magaji, revealed on Tuesday during a meeting with the management of Opay Services Ltd. Magaji recalled that last week the CAC recorded a similar milestone for bringing on board two million businesses through Moniepoint. The CAC boss, who stressed that operating businesses without registration was criminal under the provisions of…

The naira redesign policy failed because of the absence of certain critical measures required to ensure smooth implementation of the policy framework, Ebele Monye, a research analyst in the Carnegie Africa Program, United States has said.   Monye who attempted a prognosis of the problem of the naira redesign policy in a position paper titled, Why Nigeria’s Controversial Naira Redesign Policy Hasn’t Met Its Objectives and published recently in the journal of the Carnegie Endowment for International Peace.   The Washington, DC, based body provides analysis on key topics and…

The Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun has applauded the Registrar General, Corporate Affairs Commission (CAC) Hussaini Ishaq Magaji for taking the Commission to the next level. He commended the Registrar General for launching online premium services for same day registration, same day update application, same day status report application, same day search, from 24hours incorporation he met on assumption of office 100 days ago. The Minister who was at CAC on Friday to show support and encouragement, admonished the Commission to imbibe artificial…

Corporate Affairs Commission (CAC) and the Joint Tax Board (JTB) have agreed to strengthen their collaboration in order to achieve seamless tax administration. This was disclosed today during a visit to the CAC Registrar-General/CEO, Hussaini Ishaq Magaji, SAN by the Executive Secretary, JTB, Mr. Olusegun Philip Adesokan. The Registrar-General said the visit would afford the two agencies the opportunity to strengthen their existing collaboration on several areas, among which is the API exchange to enhance seamless Tax Identification Number (TIN) generation. The CAC boss therefore thanked the Executive Secretary, JTB,…