Tag: Companies
-
CAC set to register companies within two hours of application
The Corporate Affairs Commission (CAC) has reiterated its commitment to complete company registration processes within two hours of the application starting from December this year. The Acting Registrar-General, CAC, Azuka Azinge, stated this on Thursday during the oversight visit of the Senate Committee on Trade and Investment to the commission’s Lagos office in Alausa, Ikeja.…
-
NHF Act: FMBN blames banks, insurance companies for non -compliance
The Federal Mortgage Bank of Nigeria (FMBN) has blamed banks and insurance companies for non-compliance with provisions of the National Housing Fund (NHF) Act since its inception. The FMBN Managing Director, Mr Ahmed Dangiwa spoke on Tuesday in Abuja at a public hearing on “A Motion on the Need to Ensure Full Compliance with the…
-
N30trn revenue scam: More companies are complying – Senate
The Senate Committee on Customs, Excise and Tariff and Marine Transport has vowed to continue its ongoing investigation into alleged N30 trillion revenue scam in the import and export chain. The Chairman of the committee, Sen. Hope Uzodinma, made this known while briefing newsmen after its investigative meeting with some of the companies on Wednesday…
-
Quoted companies to save N1 billion from printing of annual reports – SEC
The Securities and Exchange Commission, SEC, on Wednesday said quoted companies would save one billion naira from the printing and dispatch of annual reports to shareholders. Mounir Gwarzo, the SEC Director-General, made the disclosure at the 2017 second post-Capital Market Committee (CMC) news conference in Lagos. Mr. Gwarzo said that the commission was perfecting arrangements…
-
CAC delists 44,000 companies, registers additional 1.5m
No fewer than 44,000 companies have been delisted from the database of the Corporate Affairs Commission (CAC). The commission has also registered over 1.5 million companies. Registrar General of the CAC, Bello Mahmud, said this in a chat with the Economic Confidential in Abuja. He said the development was sequel to several breaches of the…
-
Update your data by July 31 or be de-registered, SEC warns erring companies, professionals
The Securities and Exchange Commission (SEC) has threatened to revoke the registration of about 400 capital market experts and professionals if they failed to comply with the directive to provide updated information of their companies by July 31, 2017. This was made known in a circular issued by the commission monday in Abuja. According to…
-
58 Nigerian companies among fastest growing in Africa – LSEG
The London Stock Exchange Group (LSEG) on Friday launched a report that listed 58 Nigerian companies among the fastest growing private businesses in Africa. The report published on the LSEG website-www.lseg.com in London identified 343 companies in 42 African countries. It described the Nigerian companies, including small business concerns that made the list, as the…
-
Court freezes 21 bank accounts belonging to Oduah, companies
A Lagos Federal High Court has restrained Stella Oduah and Sea Petroleum and Gas Company Ltd., from making any withdrawal from its account and those of three other companies domiciled with 21 banks. The other companies include Sea Shipping Agency Ltd, Rotary Engineering Services Ltd, and Tour Afrique Company Ltd. The court issued the…
-
Panic as CAC delists over 38,000 companies for failing to file annual returns
For failing to file in annual reports and other subtle offences, the Corporate Affairs Commission, CAC says it has delisted over 38,000 companies from operation in the country. This was revealed on Tuesday by the Registrar-General of the Commission, Mr. Bello Mahmud in an interview with newsmen in Abuja. According to a report by…
-
We assist companies comply with insurance laws – NAICOM
The National Insurance Commission (NAICOM) says it is playing its role in ensuring that insurance companies comply with the set rules and laws of the industry. Mr Ahmad Adamu, Deputy Director, Enforcement and Compliance, NAICOM said this in an interview with the News Agency of Nigeria (NAN) in Abuja on Monday. “We have been of…