The Ambassador of the Corporate Affairs Commission (CAC), Mr Michael Nwabufo, popularly known as Mike Premium, has unveiled AI-powered business registration portal to ease processes for prospective applicants. Nwabufo, President of the Practitioners of Content Creating, Skit Making and Influencers Guild of Nigeria (PCCSIGN), disclosed this in a statement on …
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CAC shifts new fee implementation to October
THE Corporate Affairs Commission (CAC) has announced the deferment of the implementation of revised fees for its services to Oct. 1. The Commission, in a public notice issued on Saturday in Abuja, said the decision was taken to enable it prioritise full stabilisation of its new Company Registration Portal before …
Read More »CAC postpones New fees, Penalties Implementation to Sept. 1
THE Corporate Affairs Commission (CAC) has announced the postponement of the implementation of new fees and penalties for document downloads on its upgraded registration portal to Sept. 1. The CAC, in a public notice released on Monday in Abuja, said the decision to delay the rollout followed transitional challenges being …
Read More »CAC says AI portal handles 11,000 daily transactions
THE Corporate Affairs Commission (CAC) says its Artificial Intelligence (AI) business registration portal now processes over 11,000 transactions daily, despite some ongoing challenges. In a statement on Sunday, CAC management said it was working to address identity verification and payment difficulties affecting smooth portal operations. Launched on June 30, the …
Read More »CAC Announces New Guidelines For Bank Recapitalization And Mergers
THE Corporate Affairs Commission (CAC) has released new guidelines to assist Deposit Money Banks in their ongoing recapitalization efforts. The commission, in a statement posted on its Facebook page on Friday and signed by its management, emphasized that the guidelines are issued under Section 8 (1) (e) of the Companies …
Read More »Corporate Affairs Commission places First Bank records on caveat as board crisis worsens
●Ex-AMCON chair accuses bank of promoting illegality, disobedience to court orders THE Corporate Affairs Commission, CAC, has placed the records of First Bank of Nigeria (FBN) Holdings on caveat pending the resolution of the crisis rocking the board of the bank as a result of multiple court cases filed by …
Read More »Police Uncover Fake CAC Registration Centre In Lagos
Police in Lagos State say they have busted a fake Corporate Affairs Commission registration centre in the state. In statement on Thursday, the state Police Command also disclosed that the operators of the fake centre has been arrested. The command said the operators were arrested by men of the Rapid …
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