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The CAC sets an August 1, 2026, deadline for compliance with new disclosure requirements for Nigerian companiesNon-compliance with the regulations will lead to penalties under the Companies and Allied Matters Act 2020The initiative aims to improve transparency and accountability in Nigeria’s corporate environment
Pascal Oparada is a journalist with Legit.ng, covering technology, energy, stocks, investment, and the economy for over a decade.
The Corporate Affairs Commission (CAC) has issued a fresh compliance deadline for companies operating in Nigeria, warning that businesses that fail to meet new disclosure requirements on official correspondence by August 1, 2026, will face sanctions under the Companies and Allied Matters Act (CAMA) 2020.
CAC to begin full enforcement
In a public notice released, the commission announced that it will commence full enforcement of Sections 304(1), 304(2), and 729(1)(c) of the Companies and Allied Matters Act (CAMA) 2020.
Hussaini Ishaq Magaji’s CAC commences enforcement against the business letter communications Credit: CACSource: Twitter
