Nigeria's CAC targets 100,000 firms for deregistration

The Corporate Affairs Commission has launched a major compliance exercise that could see 100,000 companies removed from Nigeria's official corporate register for failing to meet statutory filing requirements. The regulator announced the action, designated as Batch 6 of its ongoing deregistration drive, in a public notice issued on Wednesday, July 15, 2026.

The commission stated that the affected companies have defaulted on filing their annual returns and other mandatory corporate documents as required by law. The full list of these companies has been published on the CAC's official website for public access. According to the notice, the action is being taken under the provisions of Section 692 (3) and (4) of the Companies and Allied Matters Act (CAMA), 2020.

Affected firms have been given a 90-day grace period from the date of the notice to rectify their status. They are required to file all outstanding annual returns and submit information on Persons with Significant Control or Beneficial Ownership where applicable. Companies that complete the required filings must also send proof of compliance to a designated email address provided by the commission.