30 results
- 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.…
- 22 Jan 2019
Companies And Allied Matters Bill Passes Third Reading At the House Of Representatives
The Companies Allied Matters (CAM) Bill has passed the third reading at the Federal House of Representatives. Dr Jumoke Oduwole, SSA Industry, Trade & Investment to the President (OVP) in a…
- 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…
- 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…
- 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,…
- 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…
- 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,…
- 16 Jul 2026
CAC Begins Removing 100,000 Companies from Register Over Regulatory Non-Compliance
The Corporate Affairs Commission (CAC) has announced the commencement of another exercise to remove 100,000 companies from Nigeria's register of companies for failing to comply with statutory…
- 28 Dec 2023
CAC Extends Deadline for Companies’ Annual Returns Submission to April 2024
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…
- 8 Jul 2026
CAC to Sanction Companies with Incomplete Business Letters From August 1
Corporate Affairs Commission (CAC) has announced that it will begin enforcing statutory requirements on the contents of company business letters from August 1, 2026, warning that defaulting companies…
- 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…
- 28 May 2020
SEC De-registers 84 Inactive Stockbrokers
The outgoing Acting Director-General of the Securities and Exchange Commission (SEC), Ms Mary Uduk, Thursday, presented her scorecard, stating that under her leadership, the register of capital…
- 23 Dec 2020
ISAN Kicks against Unclaimed Dividend Trust Tund
Shareholders have said that the creation of unclaimed Dividend Trust Fund and transfer of the unclaimed dividends into the Federation Account will encourage corruption and nepotism to the detriment…
- 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…
- 24 Mar 2020
FG to refund Firms 50 Percent of PAYEE over COVID-19
House of representatives has passed a bill requiring the federal government to refund to companies 50% of the income tax paid on employee salaries. The ’emergency economic stimulus bill’ introduced…
- 25 Apr 2019
PEBEC Urges Stakeholders to Drive Reforms on Ease of Doing Business
The Presidential Enabling Business Environment Council (PEBEC) recently hosted multiple stakeholders’ engagement events in Lagos and Kano State, In line with the objective to actively engage members…
- 25 May 2012
IT Will Ease Registrar’s Job, Capital Market - Ogogo
Dr. David Ogogo, is the Registrar and Chief Executive of Institute of Capital Market Registrars; an Associate of the prestigious Association of Business Executives (London), he holds an…
- 5 Feb 2014
CBN Says $20Bn Missing, NNPC Accuses Sanusi of Inconsistency
Mallam Lamido Sanusi, governor of Central Bank of Nigeria (CBN) has said that the outstanding unremitted amount due to the federation account from the sale of crude oil by the Nigeria National…
- 19 Apr 2026
CitiTrust Heads to Appeal Court over Alleged Ponzi Scheme
CitiTrust Financial Services Limited, the parent company of Osun-partly owned LivingTrust Mortgage Bank, has approached the Court of Appeal sitting in Lagos, following the company’s conviction at the…
- 20 Dec 2022
MTN Nigeria to Cancel 7.5bn Uninssued Shares
The shareholders of MTN Nigeria Plc have approved the cancellation of 7.5 billion of unissued shares. The company revealed that the shareholders approved the cancellation during the Extraordinary…
- 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…
- 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…
- 22 Jun 2021
Twitter’s Operation in Nigeria “not Legally Permissible” - FG
The operation of Twitter in the Nigerian social media space “is not legally permissible”, according to Lai Mohammed, minister of information and culture. He said that this is because the Companies…
- 3 Apr 2020
SEC Insists on Full Disclosures despite Covid-19
Securities and Exchange Commission, (SEC) has reiterated that all public companies must continue to make appropriate disclosures regardless of the movement restrictions in Abuja and Lagos. According…
- 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…
- 27 Jun 2013
NCC Pushes Up Corporate Governance Practice in Telecom Sector
Nigeria Communication Commission (NCC) has expanded its tentacles in search of ways to improve corporate governance in the telecommunications sector in Nigeria. Dr. Eugene Juwah, executive vice…
- 19 Jul 2010
LCCI Proposes Recapitalisation Guidelines for Rescued Banks
Lagos Chamber of Commerce and Industry (LCCI) has proposed guidelines for recapitalisation for the banks recently rescued by the Central Bank of Nigeria (CBN). LCCI second quarterly report released…
- 3 May 2024
DLM Trust Unveils DLM Single Asset Trust
DLM Trust, a subsidiary of DLM Capital Group is thrilled the announce the launch of DLM Single Asset Trust, a variant of the Living Trust construct that allows for a groundbreaking solution for…
- 25 Jun 2026
EFCC, CAC Raise Concerns over Unregistered PoS Operators
Economic and Financial Crimes Commission (EFCC) and the Corporate Affairs Commission (CAC) have expressed concern over the growing activities of unregistered Point of Sale (POS) operators and warned…
- 27 May 2026
Swift Network Faces Winding-up Battle over Alleged N115m Debt
A Federal High Court sitting in Lagos has ordered the advertisement of a winding-up petition filed against telecommunications service provider, Swift Network Plc, over its alleged inability to settle…