CAC extends deadline for N5000 business registration till March 31

The Corporate Affairs Commission (CAC) has extended the 50% discount on business name registration till March 31. This is contained in a statement released by the Commission via its official twitter page, being part of measure taken to deepen the benefits of its reform initiative.

Recall that in October, 2018, Vice President Yemi Osinbajo, announced that the Federal Government approved a special window of 90 days from October 1 to December 31 interested applicant to register businesses at N5000, down from as much as N10,000 previously.

The statement said, “In an effort to deepen the benefits of its reform initiatives, the Corporate Affairs Commission has extended the reduction of cost of Registration of Business Names from N10,000 to N5,000 after the Name Reservation of N500, with effect from the 31st December, 2018 to 31st March 2019.

“The Business Incentive Strategy is aimed at creating a window for Micro, Small and Medium Enterprises (MSMEs) to formalize their businesses which will enable them own corporate account with Banks, have access to Loans, grants and other government interventions.

“Members of the public are enjoined to take advantage of this window, to register their Business Names at the reduced cost of N5, 000 after the Name Reservation of N500," the commission said.

The Commission however urged burgeoning entrepreneurs in the country to take advantage of the window, to register their business names at the reduced cost of N5, 000 after the Name Reservation of N500.

Comments

Rosatom's TVEL, AllWeld Nuclear, industrial agree to cooperate nuclear backend area

Allen Atwiine, Uganda The TVEL JSC, Managing Company of Rosatom's Fuel Division, and AllWeld Nuclear and Industrial, a South African firm, have signed a Memorandum of Cooperation which is focused on decommissioning and radioactive waste (RW) management at nuclear facilities in South Africa. The memorandum was signed by the party during the African Energy Week (AEW) 2024 in Cape Town on Tuesday. The Editorials gathered that the Memoradium outlined a framework for cooperation and the implementation of joint initiatives. Our correspondent gathered that the document was signed by Eduard Nikitin, Director for Decommissioning and RW Management at TVEL JSC, and Mervyn Fischer, CEO of AllWeld Nuclear and Industrial. Nikitin explained that the memorandum outlined plans for collaborative efforts in scientific, technical, and commercial activities related to the decommissioning of nuclear power plants and other facilities that pose nuclear and radiation hazards. He said, "The key...

Wikimedia Nigeria Foundation honours Folorunsho Coker, Kayode Akintemi

Oredola Adeola Wikimedia Nigeria Foundation has honoured Mr. Folorunsho Coker, Director-General of National Tourism Development Commission (NTDC) and Kayode Akintemi, Managing Director, Plus TV Africa, with Distinguished Personality Award for their contributions to the growth and development of open knowledge in Nigeria. The award ceremony was held at the Plus TV Africa studio in Victoria Island, Lagos at the weekend. Mr. Olaniyan Olushola, President, Wikimedia Nigeria Foundation Inc., while congratulating the award recipients, encouraged them to continue to promote open knowledge in Nigeria. The NTDC boss, according to Wikimedia, is a dominant force in the promotion of diversity in the Nigeria tourism sector and open knowledge in the country, adding that the NTDC under Coker has been supporting Wikimedia outreach programs (Wiki Loves Monuments, Wiki loves Earths). Olushola said, “Through the support of NTDC, professional photographers working with Wikimedia have received limitl...

Ogun State Governor to conduct groundbreaking for reconstruction of Lagos Toll-Gate-Sango-Abeokuta expressway on Friday Aug 23

..as Craneburg continues interim repairs on Ilepa , Bosun , Pakoto, Ifo, Ewekoro, Itori, and Obada area Oredola Adeola Relief is in sight for motorists on the Lagos-Ota-Abeokuta Expressway, as Craneburg, the contracting firm, has commenced the much-anticipated reconstruction of the heavily trafficked route. The official groundbreaking ceremony for the project is scheduled for Friday, August 23, and will be led by Ogun State Governor, Prince Dapo Abiodun. The Contractor , Craneburg Construction Company Ltd, began mobilizing its equipment to the site about 10 days ago, initiating palliative measures on one side of the road to ensure it remains passable while full-scale reconstruction commences on the opposite side. The interim repairs, which have already been carried out, span the Sango-Ota, Ilepa , Bosun , Pakoto, Ifo, Ewekoro, Itori, and Obada areas, with stone bases laid on the most deteriorated sections to ease the burden of travel during the construction period. The expressway...

The Editorials

Search This Blog