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Nairaland Forum / Nairaland / General / Business / CAC Registers 3,098,193 Companies In 28 Years (6427 Views)
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CAC Registers 3,098,193 Companies In 28 Years by Onyemadonald(m): 8:42am On Mar 27, 2019 |
The Corporate Affairs Commission (CAC) on Tuesday revealed that it had registered 3,098,193 companies and firms in Part A, B and C categories from its inception in 1990 to March 21. The Acting Registrar General of CAC, Mrs Azinge Azuka disclosed this at the commission customers forum in Abuja. Azuka said that in the last three years, the statistics on registration of firms and companies under Parts Limited Liability Company (A), Business Name (B) and Incorporated Trustee (C) was 618,309. She explained that in 2016, the council got the sum of 175,098 from the LLC (A), 193,194 from Business name (B) in 2017 and 252,035 from Incorporated Trustee (C) in 2018. Azuka said the number of Annual Returns filed under the Parts A,B and C in the last three years was 190,078. According to her, the major thrust in the present administration is to revamp the Nigerian economy though the support of Micro Small and Medium Enterprises (MSMEs). She said the commission remained resolute in reviewing its processes regularly, in a bid to improve service delivery. “In that regard, work is at advanced stage to amend it enabling law, the Companies and Allied Matters Act (CAMA) in collaboration with the National Assembly. “This seeks to ease starting and growing businesses in Nigeria, ensure more appropriate regulation for MSMEs. “Enhance transparency and shareholders engagement align regulate framework with International best practices and make Nigeria an investment destination of choice,” she said. CAC was established by the Company and Allied Matters Act, which was promulgated in 1990 to regulate the formation and management of companies in Nigeria. (NAN) SOURCE: https://www.trendingaccounting.com/2019/03/cac-registers-3098193-companies-in-28.html 1 Like
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Re: CAC Registers 3,098,193 Companies In 28 Years by OlujobaSamuel: 8:52am On Mar 27, 2019 |
How many are still living? How many are just portfolio company amongst those living? 8 Likes |
Re: CAC Registers 3,098,193 Companies In 28 Years by zlantanfan: 9:07am On Mar 27, 2019 |
A lot have gone down, a lot are fronts for fraud. 3m in 28 years is poor sha 14 Likes 1 Share |
Re: CAC Registers 3,098,193 Companies In 28 Years by superior1: 9:33am On Mar 27, 2019 |
and probably only 500 of it remains functional today 2 Likes |
Re: CAC Registers 3,098,193 Companies In 28 Years by jerrybakermillz(m): 9:33am On Mar 27, 2019 |
3million companies, na ghost dey work for there cause they are so many unemployed graduates So many paper and phoney companies in 9ja 2 Likes |
Re: CAC Registers 3,098,193 Companies In 28 Years by qanda: 9:37am On Mar 27, 2019 |
Re: CAC Registers 3,098,193 Companies In 28 Years by jericco1(m): 9:37am On Mar 27, 2019 |
of which 95% are churches. smfh 2 Likes |
Re: CAC Registers 3,098,193 Companies In 28 Years by UTILITYMAY(m): 9:37am On Mar 27, 2019 |
3 million in 28 years? Very poor 70% of it no longer functioning 10% for fraud 15% turned to churches 5% struggling from Nigeria palava We go dey alright las las 4 Likes 2 Shares |
Re: CAC Registers 3,098,193 Companies In 28 Years by KINGTELLER: 9:38am On Mar 27, 2019 |
Most of those companies were open to siphon government funds in the era of PDP fuel subsidy saga and I can bet you many of the listed companies are not in existence |
Re: CAC Registers 3,098,193 Companies In 28 Years by igben(m): 9:39am On Mar 27, 2019 |
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Re: CAC Registers 3,098,193 Companies In 28 Years by Sirpaul(m): 9:40am On Mar 27, 2019 |
There's a story behind every person. There's a reason why they're the way they are. Think about that before you judge someone. |
Re: CAC Registers 3,098,193 Companies In 28 Years by Amuocha: 9:40am On Mar 27, 2019 |
50% are closed due to Buhari' s harsh policies 3 Likes |
Re: CAC Registers 3,098,193 Companies In 28 Years by sunnedee2: 9:41am On Mar 27, 2019 |
3million + company in 28 years? I comment my reserve |
Re: CAC Registers 3,098,193 Companies In 28 Years by tstx(m): 9:42am On Mar 27, 2019 |
Hmmmm |
Re: CAC Registers 3,098,193 Companies In 28 Years by somebel: 9:46am On Mar 27, 2019 |
UTILITYMAY: 70% for fraud because they are not functional 10% for the real fraud 15% are notchurches 5% dead cant pay staffs |
Re: CAC Registers 3,098,193 Companies In 28 Years by Keywordconcept(m): 9:54am On Mar 27, 2019 |
Lack of funds to grow starts up |
Re: CAC Registers 3,098,193 Companies In 28 Years by valentineuwakwe(m): 9:56am On Mar 27, 2019 |
are they paying tax? huge numbers does not count |
Re: CAC Registers 3,098,193 Companies In 28 Years by Kingjames(m): 10:02am On Mar 27, 2019 |
2.53million of the so called registered company are churches and more churches nonsense 1 Like |
Re: CAC Registers 3,098,193 Companies In 28 Years by Kingjames(m): 10:02am On Mar 27, 2019 |
2.53million of the so called registered company are churches and more churches nonsense |
Re: CAC Registers 3,098,193 Companies In 28 Years by jargonzboi(m): 10:06am On Mar 27, 2019 |
na so. They should make the process even simpler. |
Re: CAC Registers 3,098,193 Companies In 28 Years by themanderon: 10:14am On Mar 27, 2019 |
No need saying that many of them have been frustrated out of business by the toxic business environment that obtains here. |
Re: CAC Registers 3,098,193 Companies In 28 Years by celeiyke: 10:16am On Mar 27, 2019 |
Where are the jobs? |
Re: CAC Registers 3,098,193 Companies In 28 Years by yuanexchanger: 10:24am On Mar 27, 2019 |
nice one.But hope more than 60 percent of those companies registered are still in existence.Check my siggy to get your chinese yuan cheaper. |
Re: CAC Registers 3,098,193 Companies In 28 Years by InMyOpinion(m): 10:29am On Mar 27, 2019 |
jericco1: 95% could be an exaggeration but I believe at least 1/4 are churches and another 1/4 NGOs. Too many business hiding under chruces and NGOs and not paying tax |
Re: CAC Registers 3,098,193 Companies In 28 Years by Craigslists: 10:41am On Mar 27, 2019 |
2/3 are for frauds/scams by politicians and their associates to siphon money abroad, while the remaining 1/3 are Churches and NGOs. Fact!! |
Re: CAC Registers 3,098,193 Companies In 28 Years by DaCharis2016: 10:53am On Mar 27, 2019 |
I want to know the difference between business names and the rest. Moreover, I will like to register a business that will be into importation & distribution, entertainment & logistics. Can I have Inc added to its name? Like (My Business Name is Vinto), then I say; Vinto Inc. And what is the procedure and cost? Thank you. |
Re: CAC Registers 3,098,193 Companies In 28 Years by wasak(m): 10:55am On Mar 27, 2019 |
DaCharis2016:I can hell you with it. 20k pm me and I'll send you the details. |
Re: CAC Registers 3,098,193 Companies In 28 Years by Rick9(m): 11:14am On Mar 27, 2019 |
Business Names and Company are not the same thing |
Re: CAC Registers 3,098,193 Companies In 28 Years by partnerbizz4: 11:36am On Mar 27, 2019 |
DaCharis2016: flash or whatsapp me. I will call you and explain free |
Re: CAC Registers 3,098,193 Companies In 28 Years by Nobody: 11:44am On Mar 27, 2019 |
Come to kano where dantata bought over 100 companies and close them down leaving 000's of workers there unemployed, and the government keep mute.... Is this nigeria a country or shop |
Re: CAC Registers 3,098,193 Companies In 28 Years by Onyenna(m): 1:45pm On Mar 27, 2019 |
Wow |
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