Corporate Affairs Commission Extends 50% Cut For Biz Registration Fee


The Corporate Affairs Commission (CAC) said it has extended by three days the 50 percent reduction in the registration fee for Business Names with effect from 13th August, 2019.


The Commission in a statement signed by the Head of Public Affairs, Moses Adaguusu, revealed that the fee cut would now end on Friday, 16th August, 2019.


“The three day extension is to enable Micro, Small and Medium Enterprises (MSMEs) that could not register their businesses during the promo because of the Sallah holidays to do so.”


The statement explained that registration of businesses will enable intending businessmen to own corporate accounts with Banks, have access to loans, grants, and other government interventions.


“Members of the public are enjoined to take advantage of the three Day extension to register their Business Names at the reduced cost of N5,000. Registration can be done online or at any of the Commission’s Offices nationwide,” the statement added.