CAC strengthens compliance, enforcement mandates for efficient management of entities The Corporate Affairs Commission (CAC) has unveiled plans to strengthen its compliance and enforcement mandates, with a focus on formalising businesses and enhancing post-incorporation compliance. The Registrar-General of CAC, Hussaini Magaji, said this during the in-house...

FCT Businesses Record 33% Drop In Revenues Due To Insecurity According to a report by the research organization SB Morgen (SBM) Intelligence, businesses in the Federal Capital Territory (FCT) recorded a 33 percent decline in their revenues between January 2023 and January 2024. The report by...

Economic Growth: EFCC Will No Longer Shut Businesses During Investigations - Chairman Olukoyede   The Executive Chairman of the Economic and Financial Crimes Commission, EFCC, Mr. Ola Olukoyede, has said that anti-corruption fights should be premised on initiatives and modalities capable of stimulating economic growth and...

CBN Loans N9.3trn To Businesses   The Central Bank of Nigeria has lent N9.3trn to businesses, recovering N3.7tn from it. The apex bank said N5tn was not yet due. Director of Development Finance, CBN, Dr Yusuf Yila, disclosed this to journalists on Wednesday in Abuja, noting that manufacturers...

Nigerian Businesses Turn To Solar As Diesel Costs Bite - Report   Nigeria’s solar companies are seeing a surge in demand for mini-grids and equipment as businesses in Africa’s biggest oil producer look for alternative power sources, a Reuters report disclosed. The increased demand became even stronger...

Naira To Drop Below N570/$ As Travelers, Businesses Resume Dollar Scramble   The naira which yesterday closed at N570/$ at the parallel market is expected to weaken further by next week as businesses resume and travelers scramble for more dollars. Findings showed that demand for hard currencies...