Nigeria: CAC initiates registration for 2 million small businesses
The Corporate Affairs Commission has initiated the registration of 2 million small businesses to formalize the sector.
In a statement on Friday, the CAC announced that its Registrar-General, Hussaini Ishaq Magaji, disclosed this during a ceremony in Abuja.
He emphasized that the registration initiative, conducted in collaboration with Moniepont, aims to spur economic growth, promote regulatory adherence, and enhance economic development by boosting taxation revenue.
Addressing the commission’s challenge of low business registration rates, formalizing these enterprises becomes imperative for fostering economic growth and expanding access to financial opportunities.
Related Posts
FNB Foundation,PEP to enhance education readiness
First National Bank Botswana, through its FNB Foundation, has signed a Memorandum of Understanding (MoU) with retail giant…
ByStandard Chartered tops Ghana banking customer experience rankings
Standard Chartered Bank Ghana has once again secured its position as the leading provider of customer service in…
PAC Holdings appoints Nentok Gomwalk Group Executive Director
PanAfrican Capital Holdings Limited (PAC Holdings) has appointed Nentok Gomwalk as Group Executive Director (GED). Gomwalk’s was formerly…
ARM launches N200bn Financing for SMEs
ARM Investment Managers has launched a N200 billion Private Debt Fund targeted at providing long term financial aid for Nigeria’s small…
Gallery
