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

How many are still living?
How many are just portfolio company amongst those living?

A lot have gone down, a lot are fronts for fraud.

3m in 28 years is poor sha

and probably only 500 of it remains functional today

3million companies, na ghost dey work for there cause they are so many unemployed graduates


So many paper and phoney companies in 9ja

of which 95% are churches. smfh

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

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

The success story...



https://www.youtube.com/watch?v=XKT6KtLpJ8I

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.

50% are closed due to Buhari' s harsh policies

3million + company in 28 years?

I comment my reserve

Hmmmm

UTILITYMAY:
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

70% for fraud because they are not functional
10% for the real fraud
15% are notchurches
5% dead cant pay staffs

Lack of funds to grow starts up

are they paying tax? huge numbers does not count

2.53million of the so called registered company are churches and more churches

nonsense

2.53million of the so called registered company are churches and more churches

nonsense

na so.
They should make the process even simpler.

No need saying that many of them have been frustrated out of business by the toxic business environment that obtains here.

Where are the jobs?

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.

jericco1:
of which 95% are churches. smfh

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

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!!

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.

DaCharis2016:
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.

I can hell you with it. 20k pm me and I'll send you the details.

Business Names and Company are not the same thing

DaCharis2016:
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.

flash or whatsapp me.

I will call you and explain free

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

Wow