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
Ghana: Banks reintroduce $20 fees on foreign currency accounts
Several commercial banks have resumed imposing charges on foreign currency accounts, with fees reaching up to $20 for…
ByKenya: Diageo partners with tech innovators to strengthen agricultural resilience
British multinational alcoholic beverage company Diageo has announced three new partnerships with AquaSpy, Clean Crop Technologies, and SmartCloud…
Ghana: PETROSOL commended for fuel quality and precision
The Chamber of Petroleum Consumers (COPEC) has commended PETROSOL Platinum Energy for its steadfast commitment to providing consumers…
Ghana: FDA unveils new online advertisement application portal
The Food and Drugs Authority (FDA) has unveiled a new Online Advertisement Application Portal, marking a significant milestone…
Gallery
