• Privacy Policy
  • Terms
  • About us
  • Contact Us
  • Staff Email
Thursday, August 7, 2025
  • Login
TheMattersPress
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
TheMattersPress
No Result
View All Result
Home Economy/Technology

CAC’s reforms impact on nation’s economy

CAC

The Matters Press by The Matters Press
May 20, 2022
Reading Time: 2 mins read
0
CAC, Pakistani investors on economic diversification

The Presidential Enabling Business Environment Council (PEBEC ) has commended the reforms initiatives of the Corporate Affairs Commission (CAC), which impacted positively on the Nigerian economy.

RELATED POSTS

National Single Window initiative, a major step for efficient cross-border trade – TMSG

‎Group celebrates 45% increase in federal revenue in just one month

Alleged Wasteful Turn Around Maintenance (TAM) of Refineries: Setting the records straight

The PEBEC team led by Toyin Bashir made the commendation during a meeting with the CAC Reform champions on Friday in Abuja.

The team commended CAC for initiatives like the application of key updates on the Company Registration Portal (CRP) to improve user experience in business registration.

It lauded the commission’s Introduction of a new policy prescribing minimum shareholder details required by public companies for filing of Return on Allotments and Annual Returns on the CRP.

The team observed that the new policy prescribed that only shareholders with five per cent shareholding and above are required to file for such allotments.

The PEBEC team commended the CAC’s deployment of resolution mechanism to address payment challenges on the Remita application, where related complaints can be lodged and promptly addressed.

The team also lauded the clearing of backlog of applications for company profile updates for the period of May 2021 to December 2021 executed by the CAC

According to PEBEC , another landmark achievement by the CAC is the Introduction of the Insolvency Regulations 2022, to facilitate the implementation of the insolvency reforms already entrenched in the Companies and Allied Matters Act 2020.

They acknowledged contributions of the private sector stakeholder community such as the Section on Business Law of the Nigerian Bar Association, Business Rescue and Insolvency Practitioners, amongst others, in achieving the feat.

Responding , The Registrar General (RG) of the CAC, Alhaji Garba Abubakar, expressed delight at the great performance of the commision.

Abubakar ascribed the commissions achievements and performance to the commitment and sacrifices made by its members of staff, particularly the reform champions during the period under review.

The RG restated the commision’s commitment towards ensuring that services were in line with global best practices.

The News Agency of Nigeria ( NAN) reports that the meeting was held to discuss the outcome of the recently concluded National Action Plan (NAP) 7.0 program.

NAP is a flagship accelerator program initiated by PEBEC, which is aimed at supporting Ministries, Departments and Agencies of government (MDAs) in facilitating implementation of targeted reforms within a 60 day timeline.

NAP 7.0 kickstarted on February 7, 2022 and was further extended by 30 days which ended on May 6, owing to the critical need for additional time to complete the reforms.

Tags: CAC
ShareTweetPin
The Matters Press

The Matters Press

Related Posts

Importers face delays, higher costs on Red Sea woes
Economy/Technology

National Single Window initiative, a major step for efficient cross-border trade – TMSG

August 4, 2025
Chatham House stance on Nigeria’s economy, a non-biased assessment of  reforms
Economy/Technology

‎Group celebrates 45% increase in federal revenue in just one month

July 28, 2025
POLICY STATEMENT 027 BY THE INDEPENDENT MEDIA AND POLICY INITIATIVE (IMPI)
Economy/Technology

Alleged Wasteful Turn Around Maintenance (TAM) of Refineries: Setting the records straight

July 25, 2025
Dangote Fertilizer in gas supply deal
Economy/Technology

IMPI seeks forensic audit of refineries from 2000 to 2023 ‎ ‎

July 25, 2025
Nigeria’s Dangote refinery will cut Africa’s petrol import by 36%
Economy/Technology

‎ADC erred, APC administrations never spent $18bn on refineries-IMPI ‎

July 25, 2025
Nigerian firms to handle $4b gas project
Economy/Technology

ADC’s claim on refinery sale, horrendous half truth

July 23, 2025
Next Post
Osinbajo urges promotion of blue economy project

$25bn global investment needed annually to access clean cooking by 2030

Nigerian firms to handle $4b gas project

Nigeria, Cote d’Ivoire to deepen bilateral relations

Recommended Stories

CAC, Pakistani investors on economic diversification

CAC wins Legislative Award for Companies and Allied Matters Act

April 28, 2023
Coronavirus hits hard as China records 811 deaths

China pledges increased economic cooperation with Nigeria

June 1, 2023
NERC declares meters free under mass scheme

FG reiterates commitment to zero carbon emission

July 26, 2023

Popular Stories

  • Rising prices of goods cause protests in Morocco

    Rising prices of goods cause protests in Morocco

    0 shares
    Share 0 Tweet 0
  • NLNG not responsible for gas supply shortfall, price hike

    0 shares
    Share 0 Tweet 0
  • NCC sets fresh operational fees, spectrum prices for telecom operators

    0 shares
    Share 0 Tweet 0
  • Hoarding causes hike in prices of grains

    0 shares
    Share 0 Tweet 0
  • Prices of Petrol, diesel increase in November

    0 shares
    Share 0 Tweet 0
TheMattersPress

We bring you the best news update in Nigeria

LEARN MORE »

Recent Posts

  • National Single Window initiative, a major step for efficient cross-border trade – TMSG
  • ‎Group celebrates 45% increase in federal revenue in just one month
  • Alleged Wasteful Turn Around Maintenance (TAM) of Refineries: Setting the records straight

Categories

  • Agriculture
  • Economy/Technology
  • Energy
  • Entertainment/sports
  • Features
  • Foreign
  • Multimedia
  • Natural Resources
  • News
  • Oil and Gas
  • Photo
  • Politics
  • Security
  • Thematterspress
  • Uncategorized
  • Video

© 2025 Domo Tech World - Powered by Thematterspress.

No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us

© 2025 Domo Tech World - Powered by Thematterspress.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Call Us