The Corporate Affairs Commission (CAC) deregistered more than 400,000 inactive and non-compliant companies in 2025 as part of a major cleanup of Nigeria’s corporate register. Hussaini Magaji, the Registrar-General, disclosed this on Saturday in Abuja during events marking the commission’s 35th anniversary, describing the exercise as a necessary step to protect the integrity of the national companies database and boost confidence in Nigeria’s business environment. “In 2025 alone, the commission deregistered over 400,000 companies to remove inactive and non-compliant entities from our records,” Magaji said, noting that the action was aimed at strengthening transparency and credibility in corporate regulation. He…
Author: Elvis Eromosele
Lagos continues to dominate Nigeria’s managed office market, accounting for 69% of the country’s total supply, according to the Nigeria Managed Office Report 2026 by Fortren & Company. The report shows that strong corporate demand, coupled with sustained operator investment, has positioned Lagos as the undisputed hub for flexible and serviced office spaces in Nigeria. Managed offices, fully serviced workspaces offered on flexible lease terms, are increasingly favoured by businesses seeking lower upfront costs, faster setup, and adaptable workspace solutions. Fortren & Company noted that Lagos attracts both indigenous and multinational companies, with local firms driving most of the…
Manchester United continued their fine run under Michael Carrick, recording a fourth consecutive victory with a composed win over Tottenham Hotspur at Old Trafford. United controlled large spells of the contest, showing improved organisation and confidence as they limited Spurs’ attacking threat and took their chances when it mattered. The result extends Carrick’s unbeaten start since taking charge, reinforcing growing optimism among supporters and players alike. Tottenham, meanwhile, struggled to find rhythm and was unable to respond once United gained control. With four wins on the bounce, United’s momentum continues to build as they look to stabilise their season…
Nigerian loss adjusters have secured a long-awaited revision of their professional fees, marking the first major review since 1992 and a significant boost for the insurance industry. The new fee scale, confirmed by Ikechukwu Udobi, President of the Institute of Loss Adjusters of Nigeria (ILAN), is expected to improve earnings, support training, and strengthen capacity to handle increasingly complex insurance risks. Udobi said the Nigerian Insurers Association (NIA) has issued directives to its members on the agreed fees, with only administrative sign-off remaining. “While the outcome may not meet all our expectations, it represents meaningful progress after more than…
Nigeria is ramping up one of the most ambitious electricity access programmes globally, with plans to connect over 17.5 million citizens nationwide, Abba Abubakar Aliyu, Managing Director of the Rural Electrification Agency (REA), has said. Speaking at the Nigeria International Energy Summit (NIES) during a panel on “Reliable, Sustainable & Inclusive Power for Africa’s Future,” Aliyu said Nigeria’s electrification push has moved decisively from policy design to large-scale implementation, positioning the country among global leaders in energy access expansion. According to him, the REA is currently driving the development of over 1,000 mini-grid projects across the country, making Nigeria’s…
Air cargo operators at Lagos airports are divided over the Federal Airports Authority of Nigeria’s (FAAN) new cargo handling tariff of N20 per kilogram, which took effect on January 30, ending a rate that had remained unchanged since 2008. While some operators support the increase as necessary to fund long-overdue infrastructure upgrades, others argue it is abrupt and excessive, triggering protests and partial industrial action at the Murtala Muhammed International Airport (MMIA) cargo terminals. Supporters, including Faisal Jarmakani, Aramex Nigeria’s Managing Director, say the revised tariff, still lower than charges in neighbouring countries, could improve efficiency if revenues are transparently…
The Nigerian stock market extended its bullish run on Thursday as the All-Share Index (ASI) surged past the 171,000 mark for the first time, driven by strong buying interest in large-cap stocks. The ASI gained 1,722.1 points, or 1.01 per cent, to close at 171,727.5, up from 170,005.4 in the previous session. Market activity improved significantly, with trading volume rising to 953 million shares from 712.9 million shares recorded a day earlier. Total market capitalisation climbed to ₦110.2 trillion, from ₦109.1 trillion, reflecting renewed investor confidence and broad-based demand. Presco Plc led the market by value, recording trades worth…
The Federal Airports Authority of Nigeria (FAAN) says it will make a Truck Call-Up System fully operational at the Murtala Muhammed International Airport (MMIA), Lagos, within 18 months, as part of sweeping reforms tied to its recently reviewed cargo tariff. FAAN disclosed this in an interview with Nairametrics, explaining how revenue from the new cargo charges will be reinvested to modernise cargo operations, reduce congestion, and improve efficiency at Nigeria’s busiest airport. The Truck Call-Up System, alongside a Cargo Community System (CCS), forms the backbone of FAAN’s planned digital overhaul of cargo handling in Lagos. Both projects are being…
The European Commission has ruled that TikTok’s design features, most notably its infinite scroll, encourage compulsive use and fail to adequately protect users, especially children and teenagers, putting the platform at risk of heavy financial penalties. In preliminary findings released Friday, the Commission said TikTok may be in breach of the EU Digital Services Act (DSA), warning that the company could face fines of up to 6 per cent of its parent company ByteDance’s global annual turnover if it fails to make significant changes to how its app operates. The ruling comes amid intensifying global scrutiny of social media…
By Elvis Eromosele Nigeria is bleeding. From the forests of Niger State to the savannahs of Kwara, from the far North-East to the North-Central belt, the country appears trapped in an endless carousel of violence that continues to claim innocent lives, shatter families, and weaken faith in the state’s ability to guarantee the most fundamental responsibility of governance, security. The recent massacre in Woro community, Kaiama Local Government Area of Kwara State, is yet another tragic reminder of how fragile life has become in many parts of the country. Reports indicate that over 170 and counting residents were brutally killed…