Public and private sector stakeholders in the financial services sector have expressed their support for the passage of the Nigeria Deposit Insurance Corporation (NDIC) Act 2006 Amendment Bill currently before the National Assembly. The lead institutions in the sector said that the proposed amendment of the Act would enhance the corporation’s capacity in its sustained […]
The House of Representatives Committee on Commerce has commended the Corporate Affairs Commission (CAC) for the transformational processes it introduced in the nation’s corporate registry system and the attendant benefits to the country. The commission’s Head of Media unit, Mr Rasheed Mahe, in a statement on Monday indicated that the lawmakers, led by Hon. Femi […]
Nigeria’s House of Representatives Committee on Public Accounts has ordered the Corporate Affairs Commission (CAC) and the Federal Inland Revenue Service (FIRS) to provide the details of the companies involved in the N18 billion bush-clearing contracts of the Federal Ministry of Agriculture and Rural Development (FMARD). The committee’s chairman, Hon. Oluwole Oke, gave the directive […]
The Nigerian Exchange Limited (NGX) has projected that 2022 would witness significant investment in digital transformation and market sustainability. The projected investment in digital transformation and market sustainability was one of the high points and priority areas of the market for the year listed by the NGX at its annual 2021 Market Recap and 2022 […]
The Corporate Affairs Commission (CAC) on Friday declared that the Nigerian National Petroleum Company (NNPC) Limited had the highest share capital among registered entities in the country. The Registrar General of the commission, Barrister Garba Abubakar, made this disclosure while presenting the Certificate of Incorporation of the company to President Muhammadu Buhari at the State […]
The Corporate Affairs Commission (CAC) has registered more than 245,000 Small and Medium Enterprises businesses free of charge since the outbreak of the COVID-19 pandemic in the country. The Registrar-General, Alhaji Garba Abubakar, who gave this hint to the News Agency of Nigeria (NAN) in Abuja on Wednesday, said that the free registration of the […]
The Nigerian Stock Exchange (NSE) has secured the final approvals of the Securities and Exchange Commission (SEC) and Corporate Affairs Commission (CAC) for its demutualisation plan, thereby concluding the Plan’s processes which commenced about two years ago. With the approved demutualisation plan, the NSE has now transformed to a new non-operating holding company, the Nigerian […]
The suspended Director General of the Securities and Exchange Commission (SEC), Mallam Mounir Gwarzo, was reported to have regretted his roles that enabled Medusa Limited, a company he and members of his wife’s family owned, to benefit from contract awards at the commission during his tenure. Specifically, he was quoted by the Administrative Panel of […]