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CAC Extends Deadline for Companies’ Annual Returns Submission to April 2024

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The Corporate Affairs Commission (CAC) has granted an extension for companies to submit their annual returns, allowing for a revised timeline from 1st January to 1st of April 204.

This was disclosed in a statement by the commission on Thursday, 28th December 2023. According to CAC, the extension was granted as a result of glitches on the company’s registration portal (CRP) as well as a deference to the Micro, Small, and Medium Scale Enterprises (MSME) sector.

The CAC recently released a circular, stating their intention to delist 91,843 companies by the month’s end for neglecting to submit their annual returns on the commission’s website.

However, the commission highlighted that the penalties are currently on hold for companies who fall within the bracket of the earlier deadline of January 1, 2023, given that the deadline for submission has been extended to April 1, 2024.

In addition, CAC urged companies to take advantage of the window provided by the extension to file their annual returns with the commission.

“Further to its earlier notice on Thursday, 2nd November 2023 informing the General Public that it shall commence the full application of the penalties prescribed by the Companies and Allied Matters Acts 2020 and the Companies Registrations 2021 against Companies and each of their Directors or Officers for failures to file annual returns, the Commission hereby extends the commencement date from 1st of January 2024 to 1st of April 2024.

“This extension has become necessary given the glitches presently experienced on the Company Registration Portal (CRP) and in deference to the appeals from the Micro, Small and Medium Enterprises (MSME) sector.

“All entities registered under the Companies and Allied Matters Act (Companies, Limited Liability Partnerships, Limited Partnerships, Business Names and Incorporated Trustees) are encouraged to take advantage of the window provided by this extension to file their annual returns to date with the Commission,” the circular reads.

Meanwhile, CAC noted that the deadline does not affect those whose penalty proceedings commenced before the date when the first notice was released.

“The General Public should please note that this extension of time does not affect the striking-off proceedings commenced by the Commission before the publication of Thursday, 2nd of November 2023,” it added.


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FDA Okays Elon Musk’s ‘Blindsight’ Brain Chip to Restore Vision for the Blind

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Neuralink, the brain-chip company co-founded by Elon Musk, has achieved a significant milestone with its latest device, “Blindsight,” receiving the U.S. Food and Drug Administration’s (FDA) breakthrough designation.

FDA Okays Elon Musk’s ‘Blindsight’ Brain Chip to Restore Vision for the Blind

This recognition highlights the potential of Blindsight to restore vision to individuals suffering from complete or partial blindness, including those with damaged optic nerves.

Blindsight is designed to help even those who have been blind since birth, provided their visual cortex remains functional.

Initially, the device is expected to offer low-resolution vision, but over time, it holds the potential for users to perceive advanced wavelengths like infrared and ultraviolet, offering possibilities beyond natural sight.

Neuralink, established in 2016, is pioneering brain-computer interfaces aimed at addressing neurological disorders. Its technology includes brain implants capable of reading neural signals and wirelessly transmitting them to external devices.

The company is also working on devices to assist paralyzed individuals in controlling digital tools using their thoughts.

Recent developments include the successful implantation of Neuralink’s brain-computer interface in a second patient, who is now able to control video games and design 3D objects using thought alone.

 

 

 


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Nigeria’s Mpox Cases Mostly Affect Children, Men – NCDC

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Mpox infections are disproportionately affecting children and males in Nigeria, according to recent data from the Nigeria Centre for Disease Control and Prevention (NCDC).

Nigeria’s Mpox Cases Mostly Affect Children, Men – NCDC

Pix Credit: Sky News

Since January 2024, males have accounted for 67% of Mpox cases, with men making up approximately 70% of the 6,001 suspected and confirmed cases recorded since September 2017.

The disease is spreading rapidly, with 1,031 suspected cases reported across 47 local government areas in 23 states and the Federal Capital Territory.

Children under five years old are among the most affected, followed by the 26-30 and 46-50 age groups.

Mpox is an infectious disease caused by the monkeypox virus, characterized by a painful rash, swollen lymph nodes, and fever. While most people recover fully, some may become seriously ill.

The disease can spread from animals to humans and between humans through close contact, respiratory droplets, and contaminated objects.

To combat the outbreak, Nigeria has received a donation of 10,000 doses of Jynneos, a Mpox vaccine, from the United States government.

 


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Avanti Communications, IHS Nigeria Recognized with Universal Broadband Award for Connecting Rural Nigeria

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Global multi-orbit satellite provider, Avanti Communications (“Avanti”), and IHS Nigeria, part of the IHS Holding Limited (NYSE: IHS) (“IHS Towers”)  group, have been recognized for their work in connecting rural Nigeria at the 2024 World Space Business Awards.

Each year at World Space Business Week, Novaspace, a merger of Euroconsult and SpaceTec Partners, award the most forward-thinking businesses and innovations contributing to the future of the global space sector.

The Universal Broadband Award recognizes those committed to helping transform the lives of underserved communities.

Together, Avanti and IHS Nigeria have been helping improve the connectivity landscape across Nigeria, bringing broadband connectivity to rural communities nationwide, where the cost of traditional telecommunications networks can leave millions behind.

IHS Nigeria already has a strong footprint in Nigeria, operating over 16,000 towers across the country.

To help extend this reach, Avanti has been supplying the physical, transport and network layer for the transmission of cellular backhaul traffic to and from cellular towers, back to the core network of mobile network operators.

The partnership has delivered fast, cost-effective and reliable 3G and 4G connectivity to 700 rural sites across Nigeria, directly benefitting more than 3.5 million people.

Mohamad Darwish, CEO, IHS Nigeria, said, “We are deeply honored to receive this award, recognizing our commitment to innovation and social responsibility in expanding global connectivity.

As one of the largest independent tower companies globally, IHS Towers is dedicated to helping bridge the digital divide, particularly in Nigeria, where we operate more than 16,000 towers.

IHS Nigeria’s partnership with Avanti Communications has been pivotal in bringing broadband connectivity as well as delivering sustainable, reliable, and cost-effective solutions to rural areas. Together, we are striving to help transform lives by enabling digital inclusion, job creation, and driving socio-economic development across underserved and unserved communities.”

Kyle Whitehill, CEO at Avanti, said, “The mission to provide cost-effective, reliable, and sustainable internet solutions is more than a professional endeavour; it is a mission we each carry personally at Avanti. Access to the internet is not a luxury, it is a necessity.

“It opens doors to education, healthcare, economic opportunities, and global connectivity. For too long, the remote and hard-to-reach regions of Africa have been left in the dark, disconnected from the boundless potential connectivity brings.”


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