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LP, LLP Business Registrations to be Available Soon—CAC

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CAC

By Modupe Gbadeyanka

Nigerians would soon be able to take advantage of the two new forms of business registrations introduced in the Companies and Allied Matters Act (CAMA) 2020, the Corporate Affairs Commission (CAC) has disclosed.

The Registrar General of the CAC, Mr Garba Abubakar, disclosed at a meeting last week that the new business forms would be available for business owners by the end of August 2021.

In the CAMA 2020, entrepreneurs were given additional options of registering their ventures as Limited Partnership (LP) or Limited Liability Partnership (LLP).

But since the law made provisions for these forms of business registrations, Nigerians have not been able to register their businesses under the new options.

At a stakeholders’ forum in Port Harcourt, Rivers State, Mr Abubakar said his agency was tidying the process for it to be seamless.

He further said CAC was making arrangements to deploy a Customer Relationship Management (CRM) software in 2022 to interact with customers and resolve their challenges 24 hours a day.

Mr Abubakar noted that all but two forms of post-incorporation filings were now available online 24 hours a day on the company registration portal, stressing that the commission no longer entertains filing of share transfer as it was alien to the law.

He added information on Person with Significant Control (PSC) was available free of charge on the CAC website in line with global anti-money laundering requirements.

On the concerns raised by Nigerians over the denial of certain names for registration, the Registrar General maintained that while some of such rejected names had security implications, others were deceptive or abstract, advising customers to always provide fully qualified names that equally agree with objects of the association or organisation applying for registration.

While acknowledging the challenges of some customers while interacting with the CRP, Mr Abubakar enjoined users to always read guidelines for registration made available on the website in addition to leveraging on the multimedia provided to aid user ability.

He, therefore, reiterated CAC’s resolve to continually improve its processes and ensure timely resolution of customer complaints.

Modupe Gbadeyanka is a fast-rising journalist with Business Post Nigeria. Her passion for journalism is amazing. She is willing to learn more with a view to becoming one of the best pen-pushers in Nigeria. Her role models are the duo of CNN's Richard Quest and Christiane Amanpour.

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UBA’s Abiodun Coker Wins Future Leader in Media Management Award

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Abiodun Coker

By Modupe Gbadeyanka

The Media and External Relations Lead of United Bank for Africa (UBA) Plc, Mr Abiodun Coker, has been crowned the Future Leader in Media Management.

He clinched this award at The Industry Summit/Awards held on Friday, May 2, 2025, in Lagos, with several persons from across all sectors in attendance.

Mr Coker’s recognition further cements his growing reputation as one of Nigeria’s most dynamic and future-ready communications leaders, with his eyes firmly set on redefining the media management landscape.

The award jury, chaired by Mr Tolulope Ogunjobi, a renowned broadcast business correspondent and Business Editor at TVC News, said Mr Coker was bestowed with the honour because of his exceptional achievements in the public relations field during the year 2024.

The team said one of them was his masterful handling of UBA’s 2024 rights issue, which successfully closed on December 24, 2024, and the impactful execution of the bank’s 75th Anniversary Campaign, both of which were described as commendable and exceptional.

According to the jury, his management of UBA’s media ecosystem during the year under review was remarkable, with several media professionals praising his public relations craftsmanship and ability to skilfully manage the image of one of Africa’s most formidable financial brands.

“Abiodun Coker’s achievements in 2024 are a beacon for greater accomplishments ahead. He is undoubtedly one of the strategic communication experts to watch in 2025,” the jury noted.

A seasoned professional, Mr Coker’s journey from an acclaimed financial journalist at BusinessDay Newspapers to a powerhouse in corporate communications has been nothing short of inspiring.

With over eight years of robust journalism experience, coupled with leadership roles at top-tier public relations firms such as BD Consult Ltd and Quadrant, he has consistently demonstrated his ability to transform and manage leading brands successfully.

Organized by The Industry Newspaper, the leading brand marketing publication in West Africa, the prestigious awards recognize outstanding professionals shaping the future of brand marketing and communications across the region.

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FG Reassures Investors More Enabling Investment Climate

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kuramo capital

By Adedapo Adesanya

The Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, has reiterated the federal government’s commitment to fostering a more enabling investment climate, anchored on macroeconomic stability, structural reform, and a clear pathway to inclusive prosperity.

He gave this assurance at a high-level private dinner, organized by Kuramo Capital Management Lagos as part of Africa Venture Capital Week.

The Minister lauded Kuramo Capital and its partners for their steadfast belief in Africa’s promise and highlighted the alignment between private capital and Nigeria’s renewed hope reform agenda.

According to a statement, participants recognized the vital role of blended finance and innovation in driving sustainable development.

The event brought together a distinguished group of global investors, development partners, and business leaders for a candid exchange on unlocking long-term capital for Africa’s growth and transformation.

It also marks Kuramo Capital’s first formal convening in Nigeria in several years, underscoring a renewed sense of commitment to deepening its strategic footprint across the continent.

Mr Edun said with this renewed commitment, the federal government is poised to unlock new opportunities for economic growth, investment, and inclusive prosperity.

He also called for more investment into the country, assuring participants that the right mechanisms are being put in place towards driving Nigeria’s development and improving the lives of its citizens.

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FG Moves to Fast-Track Household Cash Transfer Scheme

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cash transfer programme

By Adedapo Adesanya

The federal government is fast-tracking the implementation phase of its economic and financial inclusion strategy aimed at improving access to economic opportunities for Nigerians.

This was disclosed by the Deputy Chief of Staff to the President, Mr Ibrahim Hadejia, at the inaugural meeting of the Technical Committee of the Presidential Committee on Economic and Financial Inclusion (PreCEFI).

He said that “Financial inclusion is not just about having a bank account—it means access to quality services, credit, and the visibility that digital platforms offer.”

The meeting was held at the Presidential Villa, Abuja, on Wednesday.

The federal government established an inter-agency task force to address challenges delaying President Bola Tinubu’s approved conditional cash transfers to 15 million vulnerable households.

The task force includes the National Identity Management Commission (NIMC), National Social Safety-Nets Coordinating Office, National Cash Transfer Office (NCTO), Central Bank of Nigeria (CBN) and Nigeria Inter-Bank Settlement System (NIBSS).

The mandate of the taskforce goal is to unlock bottlenecks and fast-track the distribution of critical financial support to Nigeria’s most vulnerable.

The meeting also endorsed steps to work with state governments in localising data from the Enhancing Financial Innovation and Access in Nigeria (EFInA) Access to Financial Services survey – a biennial study conducted by the EFInA.

Mr Hadejia explained that the meeting brought together high-level stakeholders from government agencies, financial institutions, and academia to align on the President’s vision and execution roadmap.

“We are off to a very good start. What has led to the success of what we’ve done so far is alignment and inclusive stakeholder engagement,” he said.

On hsi part, the committee’s Secretary, Mr Nurudeen Zauro, said the meeting also approved PreCEFI’s strategic roadmap and governance structure.

Mr Zauro, who is also the Technical Advisor to the President on Financial Inclusion, said ” an inter-agency committee has been established to address delays in the disbursement of conditional cash transfers to 15 million households as mandated by President Tinubu.

“We will be presenting the report to the National Economic Council and the Nigerian Governors Forum to ensure data is domesticated and acted upon at the subnational level.”

Also, Director-General of NIMC, Mrs Abisoye Coker-Odusote, explained that digital identity plays a foundational role in achieving inclusion goals.

“The beauty of the NIN is that it bridges the financial divide. It provides access to health, education, and agricultural services and strengthens national data infrastructure,” she said.

The Director of Consumer Protection and Financial Inclusion at the CBN, Mrs Aisha Isa-Olatinwo, urged the committee to focus on implementable outcomes that serve those at the base of the pyramid.

According to her, financial inclusion is one of the eight reform pillars of the President’s agenda.

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