Corporate Affairs Commission
Non-profit firms boost GDP with $465b, says bureau
The National Bureau of statistics (NBS) at the weekend said non-profit organisations (NPOs) contributed 0.5 per cent to the nation’s Gross Domestic Product (GDP) through $465 billion expenditure in 2017. The bureau’s Chief Executive Officer, Dr. Yemi Kale, who spoke at the 13th anniversary symposium of Lifeline Care Association in Abuja, regretted that the figure…
FG cuts cost of business registration from N10, 000 to N5, 000
i Vice President Yemi Osinbajo on Tuesday announced the Federal Government’s approval of a 90-day special window to register businesses at a reduced rate of N5000 only. A statement, signed by Laolu Akande, Senior Special Assistant to the President on Media and Publicity, Office of the Vice President in Abuja, said that Osinbajo made the…
‘Why Nigerians must insist on transparent oil licensing process’
Nigeria has remained in the eye of the storm since the award of Oil Prospecting Licence (OPL) 245 to Malabu Oil & Gas Limited, exposed the level of corruption that takes place in the award of oil blocks. As Nigeria makes efforts towards addressing the obscurity in the oil and gas sector, there is the…
CAC targets four-hour registration, self-generation of certificate
The Corporate Affairs Commission (CAC) said it is working towards deploying a more robust application to ensure that business registration processes are concluded between four to six hours.
Atheistmas: Celebrating April fools day in style
April 1 is a day and date that is internationally designated as the April Fools Day (AFD). Marked globally by playing practical jokes and tricks on people...
The ease of being law-abiding
The Ease of Doing Business Index is a yearly publication released by the World Bank, comparing different features in business regimes across different countries, resulting in a league table. Generally, countries in which companies can be registered quickly, contracts can be enforced in courts...
CAC registered 91,609 business names in one year
At least 91,609 business names, 76,491 limited liability companies, and 10,003 incorporated trustees were registered between July 2016 and June 2017 by the Corporate Affairs Commission (CAC), under its enabling Act, the Registrar-General, Bello Mahmud has said.
Ngige directs CAC workers to resume work tomorrow
Ngige stated this in a statement signed by Mr Samuel Olowokoore, Deputy Director, Press in the Ministry of Labour and Employment on Tuesday in Abuja.