CAC, NIBSS Unveil API Platform To Boost Verified Business Data Access
The Corporate Affairs Commission (CAC) has partnered with the Nigeria Inter-Bank Settlement System (NIBSS) to launch an Application Programming Interface (API) service that opens access to verified company data for businesses, fintechs, and other private sector players. The newly launched platform, revealed recently in Abuja, allows selected organisations, termed “super agents,” to securely access and […]
Read MoreCAC Issues Six-Week Ultimatum To Unregistered Businesses
The Corporate Affairs Commission (CAC) has issued a stern six-week deadline to all unregistered businesses operating in Nigeria, mandating immediate registration or risk prosecution and possible jail time. This directive, contained in a public notice released recently titled: ‘Carrying On Business In Nigeria Under An Unregistered Name Or Acronym,’ warns that operating without formal registration […]
Read MoreCAC Launches AI Platform For 30-Minute Business Registration
The Corporate Affairs Commission (CAC) has announced plans to roll out an artificial intelligence (AI)-driven company registration portal aimed at simplifying and speeding up the registration process for Nigeria’s micro, small, and medium enterprises (MSMEs). This new system, set to go live next week, promises to reduce the registration timeline to just 30 minutes, a […]
Read MoreCAC Sets New Guidelines For Bank Recapitalisation, Mergers
The Corporate Affairs Commission (CAC) has unveiled new guidelines to support Deposit Money Banks (DMBs) in Nigeria as they undergo recapitalisation. This initiative, announced recently via the commission’s official Facebook page, underlines the need for immediate compliance, in accordance with Section 8 (1) (e) of the Companies and Allied Matters Act No. 3 of 2020. […]
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