Two million registered companies in Nigeria

The Corporate Affairs Commission (CAC) the body charged with business registration in Nigeria says it has registered more than 2 million businesses as at December last year.The Registrar-General, Alhaji Mahmud Bello, said it erased the names of more than 9,000 dormant companies.
“As at Dec.31 2011, the Commission has registered a total of 896,095 companies, 1,917,670 business names and 47,421 incorporated trustees.”
.He said that names of additional 50,000 companies would soon be erased from CAC register, noting that these companies have remained inactive over the years and refused to file their annual returns. Bello said the Commission had made arrangements in its state offices to further simplify and ease the registration of companies and to educate the people on the need to register their businesses.

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