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NNPC Limited Registered With Highest Share Capital In Nigeria – CAC

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 […]

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COVID-19 Incentives: CAC Registers 245,000 SMEs At Zero Cost

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 […]

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CAC Reports Over N19Bn Internally Generated Revenue In 2020

The Registrar-General of Corporate Affairs Commission (CAC), Mr. Garba Abubakar, on Wednesday disclosed that the commission collected more than N19 billion as Internally Generated Revenue (IGR) last year, despite the COVID-19 pandemic’s disruptions to economic activities nationwide. Abubakar, during a media chat in Abuja, explained that in spite of the COVID-19 pandemic, the commission recorded […]

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CAC Sets March 31 Deadline For Registered Firms’ Account Validation

The Corporate Affairs Commission (CAC) has given registered companies up till March 31 to validate their bank accounts or get sanctioned. The Its Registrar General of the commission, Mr. Garba Abubakar, threatened that any company that failed to comply with the directive would not be accredited and would have to go through a rigorous process […]