
CAC Wipes Out 400,000 Firms As It Cleans Up Company Register
CAC Wipes Out 400,000 Firms As It Cleans Up Company Register The Corporate Affairs Commission (CAC) has deregistered over 400,000 companies in 2025 over prolonged inactivity and failure to meet statutory requirements, in a move to sanitise the country’s corporate register. Registrar-General of the commission, Mr Hussaini Magaji, who disclosed this during activities marking the CAC’s 35th anniversary in Abuja at the weekend, said the exercise was aimed at strengthening confidence in the country’s corporate regulatory framework. Magaji said the mass deregistration became necessary to weed out inactive and non-compliant entities and protect the integrity of the commission’s database. “In…









