The CAC noted that failure to change names and objects within three months shall result in cancellation of the certificate of incorporation and dissolution.
CAC set to delist over 4000 Bureau De Change
Category: Business
CAC extends POS registration deadline to September 5
The Corporate Affairs Commission (CAC) has extended the mandatory Point of Sales (POS) agents, super agents, and sole agents registration to September 5, 2024. The commission made the announcement in a statement signed by its management and posted on its Facebook page on Saturday, July 6, 2024. According to the statement, the extension is to give sufficient time to Fintech Operators particularly those in remote areas who might have encountered network challenges to register and continue with their businesses. The statement read, “The Corporate Affairs Commission wishes…
CAC partners Lagos Govt to formalise unregistered businesses
In a bid to facilitate the formalisation of tonnes of informal businesses in Nigeria’s commercial capital, the Corporate Affairs Commission and the Lagos State Government have agreed to partner. The move also aimed to engender integrity in the way businesses are conducted in accordance with President Bola Ahmed Tinubu’s Renewed Hope Agenda. This was revealed during a robust engagement between the Registrar-General/CEO Corporate Affairs Commission (CAC) Hussaini Ishaq Magaji, SAN, and the Lagos State Governor Babajide Sanwo-Olu, represented by his Deputy,Dr. Kadri Obafemi Hamzat. Speaking during the meeting, the Registrar-General…
ICSAN President commends CAC Registrar-General,confers honorary fellowship on him
The Registrar-General of the Corporate Affairs Commission Hussani Ishaq Magaji, has been conferred with the Honorary Fellowship of the Institute of Chartered Secretaries and Administrators of Nigeria (ICSAN) by the President and Council Members. The conferment was made today during a courtesy call on the Registrar-General by the President of ICSAN, Mrs. Funmi Ekundayo, FCIS who led members of the council to the Commission. The conferment formal ceremony would be held in September, 2024. In her remarks, the President thanked the RG for receiving them and also congratulated him on…
BRIPAN President lauds CAC RG’s transformational leadership
The Leadership of the Business Recovery & Insolvency Practitioners Association of Nigeria (BRIPAN) has commended the Registrar-General of the Corporate Affairs Commission, Hussaini Ishaq Magaji,for his transformational leadership. The President of the Association, Chimezie Victor Ihekweazu, SAN, extolled the RG for bringing excellent and transformational innovations into the Commission’s services within a short stay in office. The Registrar General is been praised by BRIPAN leadership during a courtesy call on him today. He applauded the RG for making the business environment safe in Nigeria through the ongoing registration of FINTECH…
FINTECH Companies applaud CAC RG for seamless registration of POS Operators
FINTECH Operators in Nigeria has commended Corporate Affairs Commission for speedy registration of their agents. The Operators made the commendation today during a meeting between the Registrar General/CEO, Corporate Affairs Commission, Hussaini Ishaq Magaji, SAN with Fintech Companies representatives at the Commission’s Headquarters. The Registrar General in his opening remarks praised the Operators for honouring the invitation. He stated that the essence of the meeting was to review their performance with regards to the registration of their agents ,appreciate their efforts as well as ascertain their individual challenges with…
Palmpay MD hails CAC on seamless service delivery during visit to its bulk POS registration centre
The Managing Director/ CEO Pamlpay, Mr. Chika Nwosu has applauded the Registrar General, Corporate Affairs Commission, Hussaini Ishaq Magaji, SAN for the robust relationship existing between the Commission and Palmpay that has resulted in the seamless registration of its agents. Mr Chika Nwosu made this assertion while on a courtesy visit to the Commission’s Bulk Registration Centre at its Wuse Zone 5 Office. He commended the Commission for creating a platform for the registration of its agents. In order to sustain this laudable venture and make the process user friendly,he…
RG CAC harps on formalisation of businesses, as VP Shettima declares open 3rd MSME Clinic in Ekiti
The Federal Government has commissioned a world-class ultra-modern fashion and garment hub at the Odua Textile Complex, Basiri, Ado Ekiti, Ekiti State. The Registrar-General/CEO of the Corporate Affairs Commission, Hussaini Ishaq Magaji was among several dignitaries that joined Vice President Kashim Shettima to declare open the 3rd Expanded MSME Clinic and Commission the Garment Hub. In his address, Vice President Kashim Shettima said the hub completed favourably with its global peers and has the potential of creating 48,000 jobs annually. Kashim Shettima revealed that President Bola Ahmed…
Court fines DSTV, GOTV N150m, orders One month free subscriptions
The Competition and Consumer Protection Tribunal (CCPT) has ordered Pay TV operator Multichoice Nigeria to provide subscribers on its DStv and GOtv platforms with one month of free subscription. Additionally, the tribunal imposed a N150 million fine on Multichoice for contesting the court’s jurisdiction after it had recently barred the company from increasing the prices of its subscription packages. The Saratu Shafii-led tribunal made the orders following an ex-parte motion lodged by an Abuja-based lawyer, Festus Onifade, who said the 8-day notice given for the price increase…
CAC partners Youth ministry to create 5 million jobs …… sets to register 7 million businesses
The Corporate Affairs Commission and the Federal Ministry of Youth Development are collaborating to register 7 million businesses and create 5 million jobs in the next four years. This was revealed during a visit to the Commission by the Minister of State for Youth Development, Mr. Ayodele Olawande who was represented by Eberechi Okereke. The collaboration will ensure training for the youth to be self-reliant in graphic design, mobile app building, and freelancing, amongst others. According to the minister, the proposed partnership is composed of four components,…