FIRS suspends penalties, interests on pending tax liabilities

The Federal Inland Revenue Service, FIRS, has approved amnesty on penalties and interests for outstanding tax liabilities.   The chairman of FIRS, Zacch Adedeji, said this in a statement on Sunday in Abuja.   The News Agency of Nigeria reports that the FIRS imposed sanctions and interests for failure by companies to fulfil their tax obligations.     Mr Adedeji said that the step was in recognition of the challenges that many taxpayers had faced in settling their tax obligations.   He said that it was a demonstration of President…

JUST IN: Supreme Court extends use of old naira notes till further notice

The Supreme Court of Nigeria has extended the use of old naira notes indefinitely. This is coming following the request by the federal government for the extension of use of the N200, N500 and N1000 notes which were redesigned under the administration of Muhammadu Buhari. While ruling on the request, a panel of the apex court on Wednesday ordered that the old notes remain legal tender until necessary facilities are put in place for their replacement.

CAC Boss asks defaulting companies to file Annual Returns before December deadline

The Registrar-General/CEO of the Corporate Affairs Commission (CAC), Hussaini Ishaq Magaji has reechoed the need for defaulting companies to file annual returns before the December deadline expired to avoid sanctions. The Registrar-General stated this while receiving in his office an eight-man delegation from the Miners Association of Nigeria led by their President, Dele Ayanleke on a courtesy visit. He stressed that the CAC had issued a series of public notices, including a recent video appeal, on the need for defaulters to comply with the provisions of the law and file…

QUALITY SERVICE: CAC secures SON recertification

The Corporate Affairs Commission (CAC) has secured the prestigious ISO 9001:2015 recertification for another three-year period expiring on July 29, 2026. The milestone achievement followed the re-certification audit of the Commission’s Quality Management System (QMS) by the Standards Organisation of Nigeria (SON) in July 2023.   Uzoma Oji, Deputy Director, Budget, Planning, Research, and Statistics (BPRS), stated this today while presenting the certificate to the Registrar-General/CEO, CAC, Hussaini Ishaq Magaji in his office.   Uzoma Oji further stated that the certification was an attestation by the SON that the quality…

RG CAC visits Jigawa office,charges Staff to show more commitment to duties

Registrar-General/CEO,Corporate Affairs Commission CAC,Hussaini Ishaq Magaji, has charged staff of the commission to rededicate themselves to their duties for the growth of the Commission and the nation in general. RG CAC gave this charge during an interactive meeting with the staff of the Jigawa state office.The RG also assured the staff of adequate attention to their complaints, challenges, and suggestions. during his visit to the Commission office Dutse,Jigawa state capital. While inspecting the Jigawa state office, the RG said staff of the commission will soon move to a permanent and…

Disregard messages on free company registration – CAC tells Nigerians

The Corporate Affairs Commission (CAC) on Tuesday urged Nigerians to disregard messages on free registration of business names and companies. CAC issued the warning in a statement on X (formerly Twitter) and said such messages would never come from them.lease, disregard any SMS or WhatsApp message asking you to enrol for free CAC registration, as it is not from us! Thank you,” CAC posted. Meanwhile, the Lagos Office of the Corporate Affairs Commission played host on Monday to the Registrar General/CEO of the Commission, Hussaini Ishaq Magaji The Registrar General,…

Be innovative, just, and fair to all staff- Bauchi APC Chieftains tell RG CAC

The Registrar-General/CEO of the Corporate Affairs Commission (CAC), Hussaini Ishaq Magaji, has been charged to be fair and just in the discharge of his responsibilities.   Chieftains of the ruling All Progressive Congress (APC) in Bauchi gave the advice today during a congratulatory visit to the Registrar General in his office.   Led by the APC Governorship Candidate and former Chief of Air Staff, Ambassador Sadiq Baba Abubakar, and a former Governor of Bauchi State, Malam Isa Yuguda, the chieftains described Hussaini Ishaq Magaji’s appointment as well deserved.   Retired…

New CAC Registrar-General assumes duty, promises increased revenue base, Human capital development

The newly appointed Registrar-General/CEO of the Corporate Affairs Commission (CAC), Hussaini Ishaq Magaji, SAN, today assumed duty. Addressing the Management Staff of the Commission shortly after his arrival at the Commission’s headquarters in Maitama, Abuja, the Registrar-General commended President Bola Ahmed Tinubu for finding him worthy of the appointment. Ishaq Magaji, who also used the forum to appreciate the Minister of Industry, Trade and Investment, Doris Uzoka-Anite, pledged to justify the confidence reposed in him. Speaking on the vision for the Commission, the new CAC Scribe stressed that increasing its…

CBN under Cardoso can implement quality Monetary Policy to grow Nigeria Economy – Pol Eco Analytics

A Nigerian based independent think tank and research organization,Pol Eco Analytics,said its strongly believe that Central Bank of Nigeria (CBN) under the leadership of Dr Michael Olayemi Cardoso can seize the opportunity to implement quality monetary policy to grow the Nigerian economy by initiating critical monetary reforms to address macro and microeconomic imbalances, foreign reserve challenges, robust FX management and guarded interventions in the real sector and sub sectors of the nation economy.   Pol Eco Analytics expressed hope that the window of opportunity of Dr Cardoso appointment as the…