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Tag Archives: Corporate Affairs Commission (CAC)

CAC workers end strike on orders of NIA Court, issues still linger

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The strike embarked upon by staff of the Corporate Affairs Commission (CAC) was on Thursday called off with immediate resumption of official business activities. The strike was called off on the order of the National Industrial Arbitration Court, Abuja, on July 26. The court ordered AUCPTRE to unblock the premises, to allow staff and business activities to resume. The strike, ...

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CAC workers’ strike: How FG is derailing EOs by not constituting boards of agencies

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Investigation by Business Hilights on the ongoing strike action by workers union of the Corporate Affairs Commission (CAC) have revealed that the non-constitution of the board of the agency caused the industrial action which is now having a negative huge impact on the inflow of revenue to the government. The workers began indefinite strike action this week over the inability ...

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Lawyers still have a role to play on company registration, but …—CAC boss, Mahmud

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The Registrar General of the Corporate Affairs Commission (CAC), Bello Mahmud has made clarification on how the services of a lawyer can be used at a minimal cost on the prospective applicant wishing to register a new company. In an interview, he said hence the law did not say that the legal practitioner who must depose to the declaration on ...

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CAC Registrar General highlights strategic reforms, success rate

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The Registrar General of Corporate Affairs Commission (CAC), Mr. Bello Mahmud has revealed how effective some of the reforms he has introduced to the operations of the Commission, saying Nigeria is set to move up 20 steps in the World Bank business index very soon. In an interview, he said “One of the reforms is the direct registration of companies ...

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Why CAC outsourced main database host, operating software to MainOne—RG

CAC Hqs

The Registrar General of Corporate Affairs Commission (CAC), Mr. Bello Mahmud has opened up on why the Commission outsourced the hosting of its main database and operating software to MainOne Data Centre in Lagos. In an interview, he explained that the move is to ensure seamless operation of the Company Registration Portal and zero downtime. According to him, “This will ...

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Frustrations in accessing CAC website for company registration rising daily

CAC Hqs

More confusion and anxiety are brewing since last two weeks Monday when the Corporate Affairs Commission (CAC) struck out manual company registration in five states of the federation including Abuja, Enugu, Kano, Kaduna, Lagos, and Port-Harcourt. It would be recalled that federal government has directed the Corporate Affairs Commission to commence full online application process, as well as eliminate the ...

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CAC portal hang-up forces consultants to flee Abuja, 5 others to manual states—Survey

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More confusion and anxiety are brewing since Monday the Corporate Affairs Commission (CAC) struck out manual company registration in five states of the federation including Abuja, Enugu, Kano, Kaduna, Lagos, and Port-Harcourt. A top official of the association of lawyers licenced by CAC as registration consultants confided in Business Hilights on Wednesday that since the kickoff of the new digital ...

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CAC cert now compulsory for accessing all business deals with MDAs—Minister

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As part of consolidation new drive for ease of doing business, the Federal Government has banned ministries, departments and agencies (MDAs) from transacting business with companies and other corporate bodies that are not duly registered by the Corporate Affairs Commission (CAC). A statement issued by the Ministry of Finance and signed by the Director of Information, Mr. Salisu Dambatta, made ...

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Banks killing ease of doing business for startups, charges N10,000 for confirming CAC cert

CBN MPC meeting

Even though the Vice President, Prof Yemi Osinbajo had on Tuesday urged the banking sector to support the country’s Economic Recovery Growth Plan (ERGP), a new survey report by Business Hilights has revealed how commercial banks bleed between N6,000 to N10,000 from newly registered companies wishing to open a current account. Investigations across all the banks show that all of ...

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Ease of doing business looking good as PEBEC cuts Customs clearing rules, CAC hassles

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More bites are now given to the ongoing crusade by the federal government to reduce the challenges in doing business in Nigeria following the reforms announced by the Presidential Enabling Business Environment Council (PEBEC) in Abuja. Lead in the reforms includes the reduction in the number of documents and receipts needed in the clearing of imported goods and goods for ...

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