Category: Business

RG dismisses alleged case of Defamation,offensive publication against CAC, Others by Nigeria Law Society ….. Affirms Commission’s stand on NLS status

Lukman Laleye Babalola

The Registrar General Corporate Affairs Commission CAC,Hussaini Ishaq Magaji, SAN has dismissed the claim by the Nigeria Law Society through its Lawyer,Chief Bolaji Ayorinde SAN that the commission made defamatory publication on its status through This Day and Leadership Newspaper .   NLS in a letter signed by its Lawyer asked RG and the commission to retract the publication or face N5 Billion suit after 7 days ultimatum.   A reply sighted by Emporium Reporters ,CAC RG, Hussaini Ishaq Magaji in a letter addressed to the NLS Lawyer,Chief Bolaji Ayorinde,SAN…

Entrepreneurship: RG CAC tasks Varsity students to register businesses before graduation

Lukman Laleye Babalola

The Registrar-General/CEO Corporate Affairs Commission (CAC), Hussaini Ishaq Magaji, SAN, has advised Nigerian university students to ensure that they graduate as entrepreneurs by acquiring the CAC certificate to immediately become entrepreneurs. Hussaini Ishaq Magaji gave the charge while speaking to newsmen in Lafia Nassarawa State shortly after a meeting with the State Governor, Abdullahi Sule. Hussaini Magaji said aside from obtaining an academic certificate, a CAC certificate should equally be acquired for greater productivity. He therefore stressed the need for all graduates to acquire entrepreneurship skills before graduation and have…

Tinubu appoints Michael Hadi Ango as Acting Chairman, FCT-IRS

Lukman Laleye Babalola

President Bola Ahmed Tinubu has approved the appointment of Mr. Michael Hadi Ango as the Acting Chairman of the Federal Capital Territory Internal Revenue Service (FCT-IRS).   President Tinubu believed Mr. Ango will bring his wealth of experience and proven track record in revenue administration, financial management, and organizational leadership. With over 20 years of service in various public and private sector capacities, he has consistently demonstrated his commitment to excellence and innovation in revenue collection and management.   Mr Michael Ango holds an LLM degree from the Columbia University…

FG applauds MTN Nigeria over donation of N1bn to fight hunger

Emporium Reporters

Federal Government has commended MTN Nigeria for its donation of N1 billion to the Federal Government’s Food Support Programme and 4,600 digital devices for distribution to schools.   Vice President Kashim Shettima gave this commendation on behalf of the government while receiving MTN Nigeria Chairman,Mr. Ernest Ndukwe at the Presidential Villa in Abuja on Friday, August 9, 204.   Shettima said: “I am hugely proud of your (MTN’s) stability as a company and commitment to the progress of our country.   “We have witnessed a couple of changes in the…

CAC, AMCON strengthen collaboration to recover lost assets

Lukman Laleye Babalola

The Registrar-General/CEO of the Corporate Affairs Commission, Hussaini Ishaq Magaji, has been applauded for his support to the Assets Management Corporation of Nigeria (AMCON CAC Desk).   The Managing Director/CEO, AMCON, Mr. Gbenga Alade, stated Tueday in Abuja during a courtesy call to the Commission.   Gbenga Alade who noted with delight the cordial working relationship between AMCON and CAC lamented that some debtors who misappropriated loans, funds, and properties, among others, still remain elusive, hence the need to strengthen collaboration with the CAC as the custodian of company records.…

BREAKING: MTN shuts down offices nationwide

Emporium Reporters

Telecoms giant, MTN, has shut all its stores and service centres across Nigeria.   This was disclosed terse statement on X (formerly Twitter), on Tuesday, July 30, 2024.   MTN said: “Yello customer, please be informed that our shops nationwide will be closed today, 30th July 2024.”   This was coming on the heels of an outrage by some of its subscribers across the country after the network provider barred their lines on Sunday.   In a viral video on social media Monday, a mob is seen destroying a barricade…

NNPC supplies insufficient crude oil to us – Dangote

Emporium Reporters

Amidst lingering crisis, Dangote Refinery has revealed that the Nigeria National Petroleum Company Limited, NNPC, is supplying insufficient crude oil for its production demand, hence it plans for alternative sources from Brazil and America.   Group Chief Commercial Officer, Dangote Industries Limited, Rabiu A. Umar made this known while speaking with newsmen in Kano.   Umar who said that NNPC supplies only 33 per cent of crude to the refinery, disclosed that it had to look elsewhere to source the remaining 67 per cent to meet its production capacity.  …

RG CAC flags off monthly Staff Workout and Sensitization exercise

Lukman Laleye Babalola

The Registrar General,Corporate Affairs Commission (CAC)Hussaini Ishaq Magaji, SAN. has flagged off maiden edition of its monthly workout/sensitization exercise in a colourful fashion. The event, among others, is aimed at keeping the Commission’s workforce fit as well as sensitising the public on its activities and achievements.   Staff of the Commission turned out en masse as early as 6.30 am to be part of the history-making event flagged off by the Registrar-General/CEO of the Commission, Hussaini Ishaq Magaji, SAN.   A light aerobics session was held within the Commission’s headquarters…

SERVICE DELIVERY: Reps Committee on Commerce applauds RG CAC

Lukman Laleye Babalola

The House Committee on Commerce has applauded the Registrar-General,Hussaini Ishaq Magaji,for his commitment to ensuring prompt and efficient service delivery. The Chairman of the Committee, Honourable Ahmed Munir Lere, gave the commendation today when He led members of the Committee on a visit to the Commission as part of oversight function of Federal Government Agencies under the Ministry of Industry, Trade, and Investment.   Hon. Lere said the visit was to provide an opportunity for the Committee to familiarize itself with staff, the workings of the Commission, policies, challenges, and…

FG didn’t offer me any incentive to build Refinery, I Paid $100million for Land- Dangote

Emporium Reporters

Africa’s richest man, Aliko Dangote, has disclosed that the Federal Government did not give him any incentive to build his $20 billion refinery located at the Lekki Free Trade Zone. He stated that he paid $100 million for the land the refinery was built on.   Dangote disclosed this on Saturday when he received the leadership of the House led by Speaker Tajudeen Abbas and his deputy Benjamin Kalu.   According to him, “In the refinery, we did not, and I repeat, we did not collect one single incentive from…