The Corporate Affairs Commission (CAC) has announced the removal of more than 400,000 companies from Nigeria’s corporate registry in 2025, citing inactivity and failure to meet regulatory requirements.
Registrar-General Hussaini Magaji disclosed the development during a “Celebration Walk” organized by the commission in Abuja on Saturday.
He explained that the large-scale delisting was part of deliberate efforts to sanitize the database and preserve the credibility of Nigeria’s official companies register.
Magaji said the exercise targeted entities that were either inactive or non-compliant with statutory obligations. “In 2025 alone, the commission de-registered over 400,000 companies,” he stated.
He stressed that the move was necessary to protect the integrity of corporate records and ensure transparency in business operations.
Beyond enforcement, Magaji highlighted major institutional reforms driven by digitalization. He explained that the CAC has transitioned from a manual, location-dependent system to a fully digital, end-to-end platform.
“Today, CAC provides services anywhere, anytime and 24 hours a day. You can register your business from your room without coming to our offices,” he said.
According to him, the shift has significantly improved the ease of doing business, enabling Nigerians both locally and abroad to access corporate registration services seamlessly.
Support for Entrepreneurs
Magaji also revealed that, in collaboration with the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN), the commission facilitated free business registration for 250,000 entrepreneurs.
He explained that the initiative was designed to lower the cost of formalization and encourage small businesses to operate within the regulated economy.
The registrar-general further disclosed that the CAC has fully operationalized a beneficial ownership register, allowing the public to identify the ultimate owners of companies operating in Nigeria.
He noted that the platform has gained international recognition, describing it as a global reference point for corporate transparency and efforts to combat financial crimes.
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