New portal aims to ease Nigerian business
Published by: Andrew Mizner at 13/04/2021 A new registration system raises hopes of making business easier in Nigeria, but further reforms are requ.
A new registration system raises hopes of making business easier in Nigeria, but further reforms are required to capitalise on new opportunities.
A new online portal for registering companies was launched in Nigeria earlier this year, in line with the government’s aim of improving the ease of doing business.
The Company Registration Portal (CRP) was established by the Corporate Affairs Commission (CAC) on 4 January, replacing a paper-based system, and incorporates features including electronic search, and pre- and post-incorporation filings.
Vanguard News
Osinbajo’s rigorous grind
By Etim Etim
Even in a normal day, Yemi Osinbajo’s schedule is quite frenzied. He is not your typical sedate Vice President. But in the two weeks that the President has been away on medical vacation, the VP’s workload has understandably increased many times over.
The sheer intensity and rigor of his work and the breath of issues he covered within the period speak to his capacity and mental energy. In the days of Abba Kyari, especially, many Nigerians liked to talk of how sidelined and relegated to the background he was, but nobody has ever doubted his capacity to deliver on assigned tasks and responsibilities.
CAC sets three-hour circle for company registration
Okechukwu Nnodim, Abuja
Published 2:51 am
The Corporate Affairs Commission on Sunday stated that following the successful deployment of an end-to-end registration module, it was now prioritising the reduction of the registration circle for new companies to just three hours before the end of year 2021.
Registrar-General of the commission, Garba Ababukar, gave the indication at a dinner in honour of the Chairman, Governing Board, CAC and Nigerian Ambassador Designate to the Kingdom of Spain, Ademola Seriki.
The commission disclosed this in series of tweets posted via its Twitter handle on Sunday.
“To achieve the target, the registrar-general said the commission was making arrangements to empower over 400 approving officers with working tools to process and approve registration applications either from home or anywhere necessary,” the agency stated.
By Nkiruka Nnorom
A total of 44 companies quoted on the Nigerian Stock Exchange, NSE, may face sanctions from the Exchange for failing the timeline in rendition of 2020 audited financial results.
Periodic and timely rendition of financial results to the NSE, is one of the key elements in the post-listing requirements of the Exchange which attracts penalties.
The companies, which include, Conoil Plc, Oando Plc, Wema Bank Plc, Okomu Oil Plc and Presco Plc among others, failed to meet the March 31, 2021 cut off date (the 90 day timeline required by the rule of the Exchange for quoted companies to file their audited full year result) and will now face financial sanctions as enshrined in the rules of the Exchange.
Vanguard News
44 companies to face NSE’s sanctions over default filing
On
By Nkiruka Nnorom
A total of 44 companies quoted on the Nigerian Stock Exchange, NSE, may face sanctions from the Exchange for failing the timeline in rendition of 2020 audited financial results.
Periodic and timely rendition of financial results to the NSE, is one of the key elements in the post-listing requirements of the Exchange which attracts penalties.
The companies, which include, Conoil Plc, Oando Plc, Wema Bank Plc, Okomu Oil Plc and Presco Plc among others, failed to meet the March 31, 2021 cut off date (the 90 day timeline required by the rule of the Exchange for quoted companies to file their audited full year result) and will now face financial sanctions as enshrined in the rules of the Exchange.