The Corporate Affairs Commission (CAC) has deregistered over 400,000 inactive, non-compliant companies in 2025, aiming to boost transparency and investor confidence. Registrar-General Hussaini Magaji stated these companies failed to file annual returns or remained dormant, posing risks to economic integrity. This move sanitizes Nigeria’s corporate registry, making it credible and reliable. The CAC also went fully digital, allowing remote business registration 24/7, and partnered with SMEDAN to r