CAC Cracks Down: Tough New Requirements Hit Business Name Owners

The Corporate Affairs Commission CAC has announced new requirements for updating business names online.
​According to a public notice issued earlier this week, proprietors must now provide additional personal and contact details to strengthen verification and ensure accurate business records.
​Effective immediately, applicants must submit their date of birth, registered office email, proprietor’s email, phone number, and a valid means of identification.
​The commission warned unregistered businesses to regularise their status or face prosecution, while urging Nigerians to always verify company details on its online portal.

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