Tag: Corporate Affairs Commission

President Tinubu Unveils Free CAC Registration Scheme for 250,000 Small Businesses Nationwide

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President Tinubu Unveils Free CAC Registration Scheme for 250,000 Small Businesses Nationwide

President Bola Tinubu has approved a nationwide initiative to provide free business registration through the Corporate Affairs Commission (CAC) for 250,000 Micro, Small and Medium Enterprises (MSMEs), in a move aimed at expanding the formal business sector and boosting entrepreneurship across Nigeria. The President announced the initiative on Saturday during the 8th National MSME Awards…

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Business and Startups

CAC Moves To Compel Content Creators TO Register As Business Owners

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CAC Moves To Compel Content Creators TO Register As Business Owners

The Registrar General of the Corporate Affairs Commission (CAC), Hussaini Ishaq Magaji, disclosed on Tuesday, February 13, that social media content creators, Instagram users with larger followers, and TikTok users will soon be forced to register as businesses so they can start paying taxes to the government. The RG disclosed this during a visit by…

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Trade and Commerce

Annual Returns: CAC To Delist Companies From Database

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Annual Returns: CAC To Delist Companies From Database

The Corporate Affairs Commission has said it will remove 100,000 registered companies from its database soon. During a training on ‘Use of the beneficial ownership register’, in Lagos, the Registrar-General and Chief Executive Officer, CAC, Alhaji Garba Abubakar, disclosed the commission’s intention to delete 100,000 registered companies from its database. “CAC steps up enforcement of…

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Finance and Economy