The cost of registering a company in Nigeria is between N50k-N60k (for a limited liability company between N50k-N1million Share Capital). Part B, sections 18 to 54 of the Company and Allied Matters Act 2020 extensively outlines the key requirements for the formation and registration of companies in Nigeria and the roles of parties involved play. … Read more
The cost of registering an NGO in Nigeria is between NGN120,000 to NGN150K, depending on the agent that handles the registration for you. In a case where you get the time and have a perfect understanding of the process, you would spend less. If you are planning to register a Non-Governmental Organization in Nigeria, your … Read more
You landed on this page because you’re wrongly debited by the Corporate Affairs Commission (CAC) via its payment platform remita, don’t be disturbed because you’re not alone there and this post will guide you on how to request a refund from CAC. Who can request a refund from CAC? Requesting a refund from the commission … Read more
It will cost you at least N25,000 (about $18 USD) to register your business name in Nigeria through an accredited agent of the Corporate Affairs Commission, but you may not need the services of an agent if you can follow the guidelines and instructions set by the commission. If you register yourself, you will save at least … Read more
With its establishment in 1990 by the Companies and Allied Matters Act during the regime of former military President Ibrahim Badamosi Babangida, the Corporate Affairs Commission (CAC) is now the first point of call for business owners who want to give their enterprise or limited liability company a legal backing. We’ll tell you more about … Read more
What is Annual Return Filing? An annual return is a yearly update of a registered company or business in the Corporate Affairs Commission (CAC) database, indicating that the business is still active, operating, and in compliance with the law. Filing annual returns in Nigeria is not about declaring a company’s profits, nor is it a … Read more
Query in your CAC dashboard is a request by an official of the Corporate Affairs Commission that you need to fix an issue in your business name and company registration and re-submit the application for re-assessment. Reasons your business registration may be queried Some of the reasons your application may be rejected or queried include: … Read more
One of the key requirements in accessing some of the ongoing CBN loans is evidence of business registration with the Corporate Affairs Commission (CAC). Unfortunately, some applicants are having a problem verifying their registration on the CAC portal. Do you know that refusal to file an annual report may lead to CAC ‘sanction’ against your … Read more
If you registered a company with the Corporate Affairs Commission and you failed to file a return every year, your company status will change to “inactive”. If the status of your company or business is “inactive”, the issue is resolvable. We’ll guide you on how to change your status to “active” on CAC portal. Before … Read more
BN is for Business Name (BN) is for sole proprietorship or partnership while registration Number (RN) is for different forms of limited liability company. In the course of registering your business with the Corporate Affairs Commission, you might come across jargon like BN and RC. Apart from telling you the difference between the two registration … Read more
The Registrar General of the Corporate Affairs Commission Garba Abubakar said that the planned payment for CAC re-validation of accreditation is a one-time fee. According to him, the exercise would not be done annually. The commission stated this in a tweet Friday and added that the deadline has been extended to June. “Dear esteemed Customers, … Read more
The only legitimate way to check if a company is registered in Nigeria is to run a check on CAC search portal, this portal is available to the public irrespective of location. How To Check CAC Portal If a Company is Registered It’s very important for you to first check if your prospective partner company is registered. … Read more