CAC Removes 247 Companies from Database

The Corporate Affairs Commission, CAC, has a issued a disclaimer on the purported incorporation of some listed companies.This was made known in a notice posted on the Commission’s social media page. The Commission stressed that it has removed the companies from the database.CAC said the 247 listed companies have not been duly registered as limited…

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Nigeria’s Current Account Balance Grows by $1.43bn, IMF Report Shows

Nigeria’s current account balance recorded a surplus of 1.432 billion dollars in 2024, according to the International Monetary Fund’s World Economic Outlook Database accessed by newsmen on Wednesday. The rise in FG’s account for the period represents a substantial increase from the 1.21 billion dollars surplus recorded in 2023. A country’s current account balance represents…

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