November 28, 2019

CAC delists 40,000 dormant registered companies

The Corporate Affairs Commission (CAC) says it has delisted 40,000 registered companies that have not recorded any activity. Azuka Azinge, CAC’s acting registrar-general, made this known in Abuja on Wednesday while briefing journalists on the activities of the commission between October 2017 and October 2019.    “We have succeeded to clean up our registration records by […]

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Stransact Nigeria Joins International Accounting Group

Stransact Partners and Stransact Audit (Stransact), an auditing and tax services firms, were recently admitted as members of The International Accounting Group (TIAG), an international alliance of independent accounting firms. Stransact would be the exclusive member of TIAG for Nigeria. According to a statement by Mr. Dele Aberuagba, a financial and management consultant, Stransact’s membership

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Oshodi traders lament parking space, multiple taxations

Some traders at the popular Oshodi Market on Thursday identified multiple taxations, the absence of parking space and threats by touts as some of the pressing challenges facing traders in the market. Traders in interviews with the News Agency of Nigeria at Oshodi said that these challenges were affecting their profit margin. Alhaji Tajudeen Lateef,

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Upgrade of CAC’s portal not to siphon money: Registrar-General

Lady Azuka Azinge, acting Registrar-General, Corporate Affairs Commission (CAC), said on Wednesday in Abuja, that the upgrade of the Company Registration Portal (CRP) is to enhance the incorporation process. Azinge, who spoke at a news conference, dismissed the allegation that the CRP upgrade was aimed at siphoning money. She described the allegation as false and

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