The Corporate Affairs Commission (CAC) has extended by three days the 50
per cent reduction in the registration fee for Business Names with
effect from 13th August, 2019. A statement signed by the Commission’s
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 stated. CAC said registration of their
businesses will enable them 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.