Registration: CAC Introduces Special Registration Portal


June 21, 2024.

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Azonuchechi Chukwu.

Ambassador for the Corporate Affairs Commission (CAC), Michael Nwabufo (aka Mike Premium), on Friday urged business owners to beat the July 7 deadline for registration.

He said the CAC business registration could be completed within 24 hours through the new Special Registration Portal (SRP).

Nwabufo, a talent and brand manager, made the appeal while speaking with newsmen in Lagos.

According to him, the CAC has made a lot of significant advancement recently through SRP to ease registration of businesses in line with the new government directives.

On the mandatory business registration, the CAC and the Central Bank of Nigeria, Nwabufo said the portal had enabled businesses to be registered and receive documentation in a day.

“There is a crucial deadline for agents and fintech companies to register their businesses.

“Compliance is mandatory under new regulations aimed at enhancing transparency and accountability within the financial sector. The deadline ends on July 07.

“To facilitate this, the CAC has introduced a Special Registration Portal, a new system enabling businesses to complete their registration directly through their mobile banking apps.

“This innovation streamlines the process, making it quicker and more convenient for agents to comply with the regulatory requirements,” Nwabufo said.

He urged business owners to take advantage of the SRP immediately to ensure timely registration and avoid any potential penalties for non-compliance.

Nwabufo urged business owners to arm themselves with further information and access to the portal by visiting the official CAC website or consult your banking app.

Emphasising the importance of business registration in Nigeria, Nwabufo said that it would foster uniqueness and trust among entrepreneurs.

According to him, there is a partnership between the Practitioners of Content Creating, Skit-Making, and Influencers Guild of Nigeria and the CAC.

He said that the partnership was aimed at registering over five million new businesses nationwide within a year.

Nwabufo thanked the Registrar-General, Hussaini Magaji SAN, for his continuous efforts in making sure the Nigerian business space was safe and secure.

He also commended Magaji for his unwavering support for Small Medium Enterprises.

“The CAC has been one of the top performing government parastatals in the past one year scoring 53.36 per cent in the Efficiency Compliance Ranking, 65.12 per cent in Overall BFA Performance and highest score on the ReportGov.NG platform with 67.86 per cent, indicating full compliance,” he said.

He also mentioned the possibility of the Federal Government grants for content creators who register their businesses through this new process.(

Chukwu Azochukwu, The Naija247news
Chukwu Azochukwu, The Naija247news
Azonuchechi Chukwu - Business Journalist at Azonuchechi Chukwu is a seasoned business journalist contributing to the insightful coverage of economic and financial news at With a passion for unraveling the complexities of the business world, Azonuchechi brings a wealth of expertise and dedication to his role. As a Business Journalist, Azonuchechi specializes in providing comprehensive analyses of market trends, corporate developments, and economic indicators. His in-depth reports offer readers a nuanced understanding of the forces shaping the Nigerian and global business landscapes. Azonuchechi Chukwu's commitment to journalistic excellence is evident in his ability to translate complex financial information into accessible and engaging narratives. Whether exploring stock market fluctuations, corporate strategies, or economic policies, he strives to deliver content that empowers readers with valuable insights. With an educational background in business and a keen interest in the intersection of finance and technology, Azonuchechi stays at the forefront of industry dynamics. His coverage extends beyond traditional financial reporting, encompassing the dynamic realms of fintech, entrepreneurship, and sustainable business practices. Azonuchechi Chukwu's work goes beyond the surface, aiming to foster financial literacy and awareness among's audience. By demystifying economic complexities and shedding light on emerging opportunities, he plays a pivotal role in keeping readers well-informed in the fast-paced world of business. As's Business Journalist, Azonuchechi Chukwu continues to make meaningful contributions to the platform's mission of delivering timely, accurate, and relevant business news to its diverse audience. His dedication to journalistic integrity and his ability to navigate the intricacies of the business realm make him an invaluable asset to the team.

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