CAC To Delist 100,000 Dormant Companies, Issues 90-Day Ultimatum

The Corporate Affairs Commission (CAC) has threatened to delist 100,000 companies from its register over prolonged inactivity and non-compliance with statutory requirements under the Companies and Allied Matters Act (CAMA).

The move forms part of the Commission’s broader effort to sanitise Nigeria’s corporate registry and ensure that only active and compliant entities remain in the…