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Here is a comprehensive guide to navigating CAC registration in Nigeria under the recent CBN mandate. With ten straightforward steps outlined, entrepreneurs can ensure compliance with ease. From selecting a business name to document retrieval, this guide empowers entrepreneurs to streamline the registration process and achieve regulatory compliance.

In response to the recent mandate by the Central Bank of Nigeria (CBN) requiring businesses to register with the Corporate Affairs Commission (CAC), we have put together a comprehensive guide comprising ten straightforward steps to ease the process. As entrepreneurs across Nigeria adjust to this regulatory requirement, understanding the intricacies of CAC registration becomes paramount. Here's a detailed roadmap to ensure compliance and streamline your business registration journey.
  1. Begin by selecting a name for your business, ensuring it aligns with your brand and vision.
  2. Conduct a thorough search to confirm the availability of your chosen business name, avoiding conflicts with existing entities.
  3. Once confirmed, reserve your selected business name to secure its availability for registration.
  4. Proceed to carry out the necessary newspaper publication for incorporated trustees, fulfilling legal requirements.
  5. With the name reserved and publication completed, initiate the registration process by uploading all required details to the CAC portal.
  6. Make the prescribed payment for the registration, adhering to the designated fee structure.
  7. Submit your application through the online portal, ensuring all information is accurately provided.
  8. In the event of any queries raised during the processing of your application, promptly address and resolve them to expedite approval.
  9. Upon approval, download the necessary registration documents from the CAC portal.
  10. Finally, ensure you securely save and store these documents, perhaps on platforms like Google Drive, for future reference and record-keeping.
By following these ten easy steps, aspiring entrepreneurs can navigate the CAC registration process with confidence, setting a solid foundation for their business endeavors.