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CAC processes 10,000 daily registrations after AI rollout

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The Corporate Affairs Commission has disclosed that it now processes close to 10,000 business registration requests daily, a dramatic leap from the “few hundreds” recorded in its early years, following the full deployment of artificial intelligence across its service platforms.

The commission, however, admitted that the transition to an AI-driven portal caused disruptions and temporary setbacks in productivity and service delivery in 2025.

The Registrar-General of the commission, Hussaini Magaji, made this known on Monday in Abuja at the opening ceremony of CAC’s 35th anniversary celebration, where he described the milestone as a defining moment in Nigeria’s economic formalisation drive.

The event, themed “Upholding Public Trust through Excellent Service Delivery,” was held to celebrate the commission’s resilience, teamwork, and institutional evolution since its establishment in 1991.

The commission was established by the Companies and Allied Matters Act of 1990 to replace the inefficient Company Registry.

As an autonomous body, it handles the incorporation and regulation of companies, business names, and incorporated trustees. It was modernised by CAMA 2020.

Speaking in his address, Magaji said CAC’s operations have since evolved into a fully digital, end-to-end registry, accessible across Nigeria and globally on a 24-hour, seven-day basis.

“When the Corporate Affairs Commission was established in 1991, our story began humbly, but with a bold mandate. At the time, CAC operated from a single office in Area 11, Garki, Abuja, serving the entire nation.”

He recalled that business owners and associations were then forced to travel from across the country to Abuja to register entities, as processes were entirely manual and records were paper-based.

“Service delivery was limited by geography and time. Yet, that single office laid the foundation for what has become one of Africa’s most dynamic and reform-driven corporate registries. Fast-forward to 2026, and our services are no longer confined to one location,” he said. “This is our evolution: from paper to portal, from queues to clicks, from stress to seamless, from one office to the world.”

He attributed the surge in registration volumes to tax reforms, government policies promoting the formalisation of informal businesses, and the rapid growth of digital and social media-driven enterprises.

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“To put this into perspective, CAC now receives close to 10,000 business registration requests daily, compared to only hundreds in the past,” Magaji said. “In addition, our complaint management system, through emails and call centres, now handles an average of 5,000 inquiries every single day.”

He argued that such volumes would be impossible to manage manually. “Imagine the number of staff required to manage this volume. Only AI can effectively complement human capacity with the required speed, accuracy, and precision,” he added.

He, however, acknowledged that the year was particularly challenging due to the transition, noting that transformational change often comes with initial difficulties.

“I must acknowledge, however, that 2025 was particularly challenging. The transition to an AI-driven portal came with disruptions and temporary setbacks in productivity and service delivery in some areas. Transformational change is never easy. Nevertheless, I sincerely appreciate our stakeholders and customers for their patience, understanding, and confidence that the desired outcomes will emerge.

“As I have consistently assured you, I will not relent until the CAC delivers services that rank among the best in the world. Indeed, nothing truly good comes easy. Today is not merely a celebration of time; it is a celebration of purpose, resilience, transformation, and national impact,” Magaji said.

Magaji described the commission’s AI transition as inevitable, stressing that CAC had already become a global reference point in name reservation and business name registration, with turnaround times of as little as 10 minutes.

“Let me state clearly: the deployment of AI at CAC is not optional; it is necessary. Nevertheless, I sincerely appreciate our stakeholders and customers for their patience, understanding, and confidence that the desired outcomes would emerge.”

To deepen its digital transformation, Magaji announced the signing of a Letter of Collaboration between CAC and Google, describing it as a strategic partnership to strengthen service delivery. “Google brings global expertise and technological support that will further strengthen our systems, enhance portal performance, and deepen the ease of doing business in Nigeria,” he said.

He also unveiled a redesigned CAC website (www.cac.gov.ng) featuring new AI-powered tools, including an AI Lawyer, which provides instant responses on CAC laws and procedures, and an AI Name Generator, which allows users to generate and reserve scalable business names with ease.

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As part of its anniversary initiatives, the commission approved free business name registration for 3,500 small businesses across the 36 states and the Federal Capital Territory.

Other initiatives include scholarships for the six best corporate law students from each campus of the Nigerian Law School in 2026, donation of 120 mattresses to an IDP camp, support for orphanages, and a 25 per cent commemorative staff bonus. Special car and housing loan schemes were also announced for staff, alongside board-recommended promotions for pioneers and retiring officers.

“As we celebrate the past, we are even more inspired by the future, one driven by technology, efficiency, transparency, and global standards.

“In the spirit of this celebration, the management of CAC has approved the following initiatives: free business name registration for 3,500 small businesses, to be distributed across the 36 states of the federation and the Federal Capital Territory; scholarships for six best corporate law students from each of the six campuses of the Nigerian Law School for the year 2026, in support of corporate law studies; donation of 120 mattresses to an IDP camp; and support for orphanages as part of our social responsibility.

“Equally, in recognition of our resilient staff who have driven these reforms, and in line with our Conditions of Service, particularly Paragraph 6.02, I am pleased to announce a commemorative staff bonus of 25 per cent of one month’s gross salary, applicable for this month only. Special car loan and special housing loan.

“Finally, to our pioneers and retiring staff who could not make it in the current promotion exercise, the Management has recommended their promotion to our Board in line with our Conditions of Service,” he concluded.

Delivering a goodwill message, the Chairman of the House of Representatives Committee on Commerce, Ahmed Munir, said the commission’s digital transformation had simplified the process of business registration and empowered millions of entrepreneurs to transition from the informal to the formal economy.

According to him, CAC’s reforms have strengthened Nigeria’s structured economy by easing the journey from business ideas to fully registered corporations. He urged stakeholders to work together to ensure that no Nigerian entrepreneur is hindered by regulatory barriers but supported by an efficient and ambitious system.

See also  Domestic gas sales rise 30% on reforms – Report

“Embrace the digital frontier by simplifying the path from idea to corporation. You have empowered millions of entrepreneurs to move from the informal sector into the structured economy.

“I see a future where ECOWAS shall be freely integrated with a West Africa Corporate Affairs Commission headquartered in Nigeria, backed by an ECOWAS stock market to expand capital within ECOWAS communities, becoming a major player in the technical community and the global market square. Our committee remains committed to providing legislative support, as necessary, to further enhance your digital infrastructure and transparency.

“We view the CAC not just with recognition, but with responsibility. As we look to the future, let us remember that every certificate issued is more than just paper. Let us work with vigour to ensure that no Nigerian entrepreneur is held back by regulation, but is instead propelled by a system that is as fair and ambitious as they are. Together, we are not just registering companies; we are igniting the engine of the giant of Africa. Congratulations to the men and women of staff; onward to greater heights,” he said.

The Director-General of the National Information Technology Development Agency, Kashifu Abdullahi, pledged technical backing for CAC’s AI reforms. “We are in the era of artificial intelligence, and the only way to transform institutions today is to embrace and integrate AI into operations,” Abdullahi said, assuring the commission of support in deploying ethical and responsible AI solutions.

Established in 1991, the Corporate Affairs Commission is Nigeria’s statutory body for the registration and regulation of companies, business names, and incorporated trustees. Its reforms are central to the Federal Government’s drive to improve Nigeria’s ease-of-doing-business ranking, expand the tax base, and formalise micro, small, and medium-scale enterprises.

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NAFDAC destroys N8bn products, targets sachet alcohol in N’Central

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The National Agency for Food and Drug Administration and Control (NAFDAC) has confiscated and destroyed unwholesome, banned, fake and adulterated products worth more than N8 billion in the North-Central states.

Speaking during the destruction ceremony on Thursday in Lafia, the Nasarawa State capital, the Director-General of NAFDAC, Prof. Mojisola Adeyeye, said the products were seized from manufacturing outfits, sales outlets, markets and motor parks across the zone.

The DG, who was represented by a Deputy Director of NAFDAC in the zone, Joseph Edor, said most of the confiscated products were banned alcoholic beverages in small volumes of less than 200 ml (20 cl).

According to her, NAFDAC was established by Decree No. 19 of 1993, as amended, with the mandate to protect and promote public health by ensuring that only quality, efficacious and regulated products are manufactured, imported, distributed and sold in Nigeria.

She explained that the agency banned alcoholic beverages in sachets and glass bottles of less than 200ml due to their availability, affordability and portability, which have made them easily abused by youths and underage schoolchildren.

“Research has shown that early exposure to alcohol affects the brain and other vital organs such as the liver and kidneys.

“It stymies the brain, resulting in mental retardation, brain damage, poor performance of pupils in school, low productivity and several types of illnesses,” she said.

The DG said the ban and subsequent raids were based on these abuses, addiction and adverse health effects, while other seized items included expired, fake and unwholesome food, drugs and cosmetics.

“It is in the course of carrying out these activities that this heap of unwholesome, banned, fake and adulterated products worth about eight billion naira was confiscated from manufacturing outfits, sales outlets, markets and motor parks.

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“The bulk of the products in that pile are predominantly banned alcoholic beverages in low volumes of less than 200ml (20cl),” she emphasised.

The Director-General further commended other law enforcement agencies, sister agencies and stakeholders for their continuous collaboration, especially in intelligence sharing and security cover during operations.

Also speaking at the event, the Nasarawa State Coordinator of NAFDAC, Dr Gyani Stephen, explained that the exercise was not targeted at hurting people but was intended to save lives.

He advised those in the habit of selling fake and banned products to desist or be ready to face the full wrath of the law, warning that the agency would come after them if they did not change their ways.

In his goodwill message, the Nasarawa State Commander of the National Drug Law Enforcement Agency, Daniel Saidu, represented by Yakubu Awoh, commended NAFDAC for saving lives through the regular seizure and destruction of expired and fake drugs.

He explained that if these dangerous products were allowed into the markets, they could have destroyed millions of lives and affected the mental health of many others.

Source: punchng.com

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Seven modular refineries to begin operations in 2027, read details

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Nigeria’s modular refining sector is expected to expand next year, with seven new refineries projected to commence operations with a combined capacity of 83,000 barrels per day, according to Argus Media’s George Maher-Bonnett.

Maher-Bonnett disclosed this in Lagos on Wednesday during a presentation at the OTL Africa Downstream conference, where he highlighted the changing dynamics of Nigeria’s petroleum products market amid rising local refining capacity and declining fuel demand.

In his presentation, titled ‘African Energy Outlook’, Maher-Bonnett said four modular refineries operated in Nigeria in September, with a combined capacity of 32,000 barrels per day.

“Four modular refineries operating in September, total 32,000 b/d capacity,” he said.

He added, “Seven new modular refineries to start next year“ with a total of 83,000 barrels per capacity.

The projected additions would represent more than two and a half times the combined capacity of the four modular refineries operating in September, potentially increasing the contribution of smaller refining facilities to Nigeria’s domestic petroleum products supply.

However, the presentation did not identify the seven proposed refineries, their owners or locations, or provide individual capacity figures and commissioning schedules.

Maher-Bonnett also highlighted the growing role of the Dangote Petroleum Refinery in improving Nigeria’s self-sufficiency in petroleum products, despite a decline in fuel demand during the year.

“Nigerian fuels demand is down this year,” the presentation stated, attributing the development to “higher flat prices.”

He added self-sufficiency is improving with Dangote ramp-up, projecting that modular refineries would play a growing role.

The presentation linked the decline in demand to higher prices and noted that the only government intervention during the period covered was an NNPC price reduction.

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“No government interventions, besides NNPC price cut this month,” it stated.

The expected expansion of modular refining capacity comes as Nigeria’s petroleum products market adjusts to increased domestic production and changing international trade flows.

Maher-Bonnett said the Dangote refinery is operating at a high rate, with steady petrol output, reducing the attractiveness of importing some petroleum products from Europe into West Africa.

“Dangote’s 700,000 bpd Lekki refinery is running hard, gasoline output is steady,” the presentation stated.

It also highlighted Ghana’s growing refining capacity, noting that the 45,000-barrel-per-day Tema refinery is ramping up production and improving the country’s self-sufficiency.

According to the presentation, the economics of shipping petroleum products from Europe to West Africa and from Europe to the United States has weakened, with freight costs further affecting the competitiveness of the routes.

Source: punchng.com

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Falana tasks Senate on recovery of $123bn, N66bn oil funds, read details

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Human rights lawyer, Femi Falana, has asked the National Assembly to compel the recovery of $123.17bn in alleged outstanding oil royalties, taxes and dividends, alongside N66.4bn, from the Nigerian National Petroleum Company Limited and other oil and gas companies.

In a letter dated 28 October, 2026, and titled ‘Request to Recover Dividends, Taxes and Royalties Worth $123.17bn and N66.4bn from NNPC and Other Companies and Remit Same to the Federation Account’, Falana urged the National Assembly to ensure that the alleged outstanding revenues were recovered and remitted to the federation account.

He warned that he would institute legal proceedings at the Federal High Court if the authorities failed to initiate measures to recover the funds within 14 days of receiving the letter.

In an acknowledged copy of the letter made available to The PUNCH on Thursday, the senior advocate said the outstanding revenues covered several categories, including $62bn in unpaid oil royalties, $23.1bn in alleged unremitted dividends from Nigeria LNG Limited, $6.071bn in outstanding industry revenues, and claims relating to stolen crude oil and refinery rehabilitation contracts.

The letter also cited a Supreme Court consent judgment delivered on 20 October, 2018, which it said directed the Federal Government to collect outstanding royalties accrued over 18 years under the Deep Offshore and Inland Basin Production Sharing Contracts Act.

According to Falana, the governments of Akwa Ibom, Bayelsa and Rivers states had approached the Supreme Court to compel the Federal Government to enforce the law, which provided for an upward review of royalties when international crude oil prices exceeded $20 per barrel.

He said a committee constituted by the Office of the Attorney-General of the Federation subsequently determined that $62bn in royalties had not been collected from international oil companies.

Falana added that Akwa Ibom and Rivers states later obtained a Federal High Court judgment for a combined $3.3bn, while Bayelsa State secured a separate judgment for $951m over their alleged entitlements from the outstanding royalties.

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He said the Federal Government had yet to comply with the judgments.

The lawyer also called for the recovery of $29bn linked to alleged crude oil theft and undeclared exports, citing investigations by the Nigerian Maritime Administration and Safety Agency and the House of Representatives.

He said lawyers engaged by NIMASA discovered that about 60.2 million barrels of crude oil, valued at $12.7bn, allegedly stolen from Nigeria, were discharged at the Port of Philadelphia in the United States between 2011 and 2014.

According to the letter, the lawyers submitted their findings to the Office of the Attorney-General after which they filed nine civil cases at the Federal High Court in Abuja and Lagos to recover the value of the alleged stolen crude oil and liquefied gas.

Falana further cited a 2016 House of Representatives ad hoc committee investigation, which he said found that $17bn worth of crude oil and liquefied natural gas had been exported from Nigeria without proper records.

He said the committee found that the crude oil was discharged at the ports of Houston and Lake Charles in the United States.

He urged the National Assembly to direct the Economic and Financial Crimes Commission to pursue the recovery of the funds from the companies allegedly involved.

On the NLNG dividends, Falana alleged that NNPC had failed to remit $23.1bn due to the Federal Government from its 49 per cent shareholding in NLNG.

He explained that NLNG, established in 1989, had paid more than $47bn in dividends to its shareholders over 26 years, with the Federal Government’s share paid through NNPC.

The other shareholders listed in the letter are Shell, with 25.6 per cent; TotalEnergies, 15 per cent; and Eni International, 10.4 per cent.

Falana argued that the dividends received by NNPC on behalf of the Federal Government should have been transferred to the Federation Account in accordance with Section 162 of the 1999 Constitution, as amended.

See also  Domestic gas sales rise 30% on reforms – Report

He added that resolutions of the Senate and the House of Representatives calling for the remittance of the funds had allegedly been ignored.

The senior advocate also called for the recovery of $6.071bn and N66.4bn in outstanding revenues owed by oil and gas companies, citing the Nigerian Extractive Industries Transparency Initiative’s 2022/2023 Independent Oil and Gas Industry Report.

According to him, NEITI disclosed on 27 September, 2024, that the outstanding collectible revenues due to the Federal Government as of June 2024 stood at the stated amounts.

He said copies of the report were forwarded to both chambers of the National Assembly in November 2024 in line with the provisions of the NEITI Act.

Falana urged lawmakers to support NEITI in recovering the outstanding revenues without further delay.

The letter also questioned the outcome of the rehabilitation of the Port Harcourt, Warri and Kaduna refineries, for which the Federal Executive Council approved contracts totalling about $2.98bn in 2021.

It said the government approved $1.5bn for the rehabilitation of the Port Harcourt refineries in April 2021 and another $1.48bn for the Warri and Kaduna refineries in August of the same year.

Falana argued that NNPC announced in December 2024 that the Port Harcourt and Warri refineries had been substantially completed, while work on the Kaduna refinery was almost finished.

However, he cited NNPC’s subsequent announcement that the Warri refinery ceased operations on 25 January, 2025, following safety issues involving its crude distillation unit main heater. He also referred to the shutdown of the Port Harcourt refineries for planned maintenance in May 2025.

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He argued that the contractors had breached the terms of the rehabilitation agreements and called for the recovery of the contract sums.

“In view of the foregoing, we are compelled to request the Office of the Attorney-General to recover the total sum of $123.17bn and N66.4bn owed the Government of the Federation by the Nigerian National Petroleum Corporation Limited, and some oil and gas companies operating in Nigeria,” the letter stated.

Falana said recovering the funds would reduce the Federal Government’s dependence on external borrowing and provide additional revenue for the federation and the states.

He warned that failure to begin recovery measures within 14 days would prompt legal action.

“If you fail to initiate legal measures for the recovery of the aforesaid huge funds belonging to the Government of the Federation within 14 days of the receipt of this letter, we shall not hesitate to file the necessary processes in the Federal High Court with a view to compelling you to discharge the duty of your office,” he wrote.

Falana also defended his firm’s standing to pursue the matter, citing its involvement in drafting and submitting a bill to amend the Deep Offshore and Inland Basin Production Sharing Contracts Act in 2017.

He noted that the bill was adopted and sponsored by a senator, subsequently passing first reading in the Senate before the dissolution of the Eighth National Assembly. According to him, the Ninth National Assembly subsequently adopted and passed the amendment.

He recalled that the then President of the Senate, Ahmad Lawan, had said the amendment would increase the country’s revenue by at least $1.5bn annually.

Source: punchng.com

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