30 results
- 5 Jan 2021
CAMA Allows Electronic Share Transfer, Virtual Meetings- Banker
The Companies and Allied Matters Act (CAMA) 2020 now permits electronic share transfer and private companies to hold their general meetings virtually, Jennifer Halim-Ubahakwe, head of Legal,…
- 10 Dec 2021
CAC Boss Says CAMA 2020 Renders Common Seal Stamps Unnecessary for Firms
The use of common seal stamps by companies is no longer mandatory under CAMA 2020, Alhaji Garba Abubakar, registrar-general, Corporate Affairs Commission (CAC), has said. Abubakar said this in…
- 14 Feb 2021
SERAP Drags Buhari to Court for Allegedly using CAMA against Activists
Socio-Economic Rights and Accountability Project (SERAP), a non-governmental organisation, has filed a lawsuit asking the Federal High Court, Abuja, to stop President Muhammadu Buhari from…
- 1 Dec 2020
CAC Mulls New Software for CAMA 2020 Implementation— Abubakar
Alhaji Garba Abubakar, registrar-general, Corporate Affairs Commission (CAC), has said that the commission is putting machinery in place to begin full implementation of the Companies and Allied…
- 15 Feb 2021
StanChart Hosts Clients to CAMA and Finance Act 2020 Roundtable Discussion
Standard Chartered Bank Nigeria limited in conjunction with leading law firm, Udo Udoma & Belo-Osagie (UUBO) hosted clients, Global investors, Custodians, Bankers and Institutional investors to a…
- 13 Nov 2020
Angst as FG Plans to Take Over Unclaimed Dividends, Dormant Accounts
Federal government is once again proposing the unpopular Unclaimed Dividend Trust amendment to the Companies & Allied Matters Act (CAMA), where unutilised bank balance and unclaimed dividends…
- 18 Jan 2021
CAC to Deregister Inactive Firms after 10 Years
Alhaji Garba Abubakar, registrar general of the Corporate Affairs Commission (CAC), has said the Companies and Allied Matters Act (CAMA 2020) empowers the commission to deregister companies that have…
- 28 Feb 2024
PalmPay Partners CAC to Register 219,000 Small Businesses
Per the Companies and Allied Matters Act (CAMA) 2020 provisions, leading fintech company PalmPay has partnered with the Corporate Affairs Commission (CAC) to register 219,000 small businesses to…
- 11 Aug 2020
FMDQ says New Companies & Allied Matters Act to Reposition Nigerian Financial Markets
FMDQ Securities Exchange commended the new Companies and Allied Matters Bill 2020 assented to by President Muhammadu Buhari, saying it would reposition Nigeria as a compelling destination of capital.…
- 10 Dec 2020
SEC @ Senate Hearing Opposes FG’s Move to Manage Unclaimed Dividends
Securities and Exchange Commission (SEC) is opposed to a proposed amendment in the Finance Bill 2020 that prescribes that unclaimed dividends be handed over to the federal government as trustee,…
- 8 Dec 2014
SEC, Others Cautioned On Cost Saving Measures, AGM Reports Dispatches
Due to the diverse shareholding of public companies, a well regulated environment is paramount for efficient operation and adequate protection of investors’ funds, however, the Securities &…
- 25 Sept 2025
CAC Orders Firm to Change Name over Trademark Conflict With KPMG Nigeria
Corporate Affairs Commission (CAC) has directed a firm operating as KPMG Advisory Services to change its name within six weeks over a trademark conflict with KPMG Nigeria, a leading professional…
- 6 Aug 2021
CAC to Sanction Fraudulent Registration Processes
Mr Garba Abubakar, registrar general/CEO, Corporate Affairs Commission (CAC), has warned that he would take drastic measures against any erring professional who indulged in sharp practices while…
- 19 Apr 2020
NSE Publishes Guidance to Facilitate Effective Virtual Meetings for Stakeholders Amidst COVID-19
The Nigerian Stock Exchange (“NSE” or “The Exchange”) has published guidance on virtual Board, Committee, and Management Meetings for stakeholders. The Guidance is in response to the shift from…
- 7 Dec 2025
CAC to Shut Down Unregistered PoS Operators by January 2026
Corporate Affairs Commission (CAC) has announced that all unregistered Point-of-Sale (PoS) operators across Nigeria will be shut down effective Jan. 1, 2026. PoS In a statement issued on Saturday,…
- 25 Oct 2016
Nitel Creditors Petition FRCN, PACAC over Liquidator
Creditors have dragged the appointed liquidator for Nitel/Mtel, Otunba Olutola Senbore, before the Financial Reporting Council of Nigeria (FRCN) and the Presidential Advisory Committee Against…
- 25 Jul 2024
CAC Issues 90-Day Deadline to 91,000 Dormant Firms to Submit Annual Returns
Corporate Affairs Commission (CAC) has notified over 91,000 dormant companies of a 90-day grace period to submit their outstanding annual returns or face potential delisting from its registry. The…
- 30 Jun 2013
Pascal Dozie Says Board Directorship is Serious Business
Dr Pascal Dozie, founder of Diamond Bank Plc, has said that being a director of a company is not a tea party, insisting that people who take board’s appointment should see such opportunity as a…
- 29 Dec 2021
Why SEPLAT Sacked Avuru as Non-Executive Director
The investing public may not have heard details of the main reasons why Austin Avuru, a former chief executive officer of Seplat Energy Plc who later became a Non-Executive Director was sacked from…
- 28 Jul 2023
CAC to Delist 100,000 Companies for Failure to File Annual Returns
Corporate Affairs Commission (CAC) has concluded plans to strike off one hundred thousand companies that have failed to file annual returns in the last ten years. Alhaji Garba Abubakar,…
- 12 Dec 2023
CAC to Delist Over 91,000 Companies Over Infractions
The Corporate Affairs Commission is set to delist 91,843 companies for failing to file their annual returns with it. In a list published on its website, the commission listed 91,843 companies for…
- 7 May 2024
AMMBAN Decries CBN Directive on CAC Registration of PoS Operators
Association of Mobile Money and Bank Agents of Nigeria (AMMBAN) has frowned at the recent directive by Central Bank of Nigeria that Point of Sale terminal operators should register with Corporate…
- 9 May 2024
CAC Says Operating PoS without Registration is Criminal Offence
Corporate Affairs Commission (CAC) has said that all financial technology operators (Fintechs) must register with the commission before July 7, 2024, noting that operating without registration is a…
- 10 May 2024
SEC Issues Rules on Issuance, Allotment of Private Companies’ Securities
The Securities and Exchange Commission (SEC) has unveiled new rules on Issuance and Allotment by Private Companies Securities. The rules declared that any person who issues or allots securities…
- 26 May 2024
AMMBAN Decries Mandatory CAC Registration of POS Agents
Association of Mobile Money and Bank Agents of Nigeria (AMMBAN) has decried the directive coming from the Corporate Affairs Commission mandating all Point Of Sale (POS) agents to register with the…
- 26 Jun 2024
PalmPay POS Operators Urged to Register or Submit their CAC Certificate to Prevent Account Freezing
Following CAC’s Directive for POS operators to register and submit their CAC details on or before July 7, 2024, PalmPay is encouraging its Business users who have not yet complied with the directive…
- 26 Jul 2024
CAC Issues Guidelines for Banks Recapitalisation, Merger
The Corporate Affairs Commission has issued fresh guidelines to assist Deposit Money Banks in the ongoing recapitalisation. The commission, in a statement signed by its management and posted on its…
- 6 Sept 2024
CAC Moves Against Unregistered POS Operators as Deadline Expires
The Corporate Affairs Commission (CAC) has begun moves to enforce its directive that Point of Sale (POS) operators should register with the commission. The registration directive gave POS operators…
- 27 Mar 2025
NNPC Ready to Go to Capital Market for IPO- CFIO
Nigerian National Petroleum Company (NNPC) Limited has announced its readiness for the capital market with an Initial Public Offer (IPO) now in the final stage. Mr. Olugbenga Oluwaniyi, chief finance…
- 29 Apr 2025
CAC to Prosecute Business Owners Operating Without Registration
Corporate Affairs Commission (CAC) has reaffirmed its commitment to enforcing business registration laws in Nigeria, warning that individuals and organizations operating unregistered businesses will…