Business Companies

CAC extends deadline for annual returns, eases penalties for companies

The Corporate Affairs Commission (CAC) has granted an extension on the deadline for penalising companies failing to file annual returns, shifting the date from January 1, 2024, to April 1, 2024. According to Mr. Dominic Inyang, the CAC’s Director of Press, this decision stems from technical challenges encountered on the Company Registration Portal (CRP) and Read More…

Business Companies Corporate Governance Featured

CAC generated N19bn revenue in 2020

The Registrar-General, Corporate Affairs Commission (CAC), Alhaji Garba Abubakar, has said the organisation raked in more than N19 billion as Internally Generated Revenue (IGR) last year. Abubakar made this known in an interview with the News Agency of Nigeria (NAN) on Wednesday in Abuja. According to him, in spite of the COVID-19 pandemic that affected Read More…

Business Featured SMEs

CAMA 2020 expected to reduce regulatory burden on MSMEs – CAC Registrar

Alhaji Garba Abubakar, the Registrar-General, Corporate Affairs Commission (CAC), says the Companies and Allied Matters Act, 2020 (CAMA 2020) will reduce the burden of starting and running small businesses in Nigeria. Abubakar made this known in an interview with the News Agency of Nigeria (NAN) on Monday in Abuja. He said that the provisions of Read More…