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CAC Business Registration




What is CAC Registration?

CAC registration is the official process of registering a business with the Corporate Affairs Commission (CAC); the government body responsible for regulating the formation and management of businesses in Nigeria.

Registering your business grants you a legal Business Name or Registration Certificate (RC) Number, officially recognizing your enterprise under Nigerian law.


Why is CAC Registration Important?

  1. Legal Identity & Brand Protection: Prevents others from legally registering or operating under your business name.
  2. Access to Corporate Banking: Allows you to upgrade your account to a full Corporate/Registered Business account with higher transaction limits.
  3. Customer & Partner Trust: Enhances business credibility, making clients, suppliers, and partners more confident in doing business with you.
  4. Eligibility for Loans & Grants: Essential for accessing government schemes, formal business grants, and commercial business loans.


How to Register CAC via the Moniepoint Business App

Moniepoint allows business owners to register their business name directly from the Moniepoint App, without visiting a physical office.

  1. Log in: Open your Moniepoint Business App or online dashboard.
  2. Navigate to CAC Registration on the mobile app: Tap Services, then tap More, then select CAC, and then tap Register.
  3. Submit Business Details: Provide your proposed business names (in order of preference), business description, category, and business address.
  4. Upload Personal ID & Signature: Submit a valid identity document (NIN, Driver's License, Voter's Card, or International Passport) and a clear picture of your signature.
  5. Make Payment & Submit: Confirm your details, pay the registration fee, and submit your application for review.

Once approved, your CAC certificate and business status report will be delivered digitally.


Pricing Update: CAC Registration Fee Reduced

The registration fee for CAC business name registration via Moniepoint has officially been reduced from ₦29,500 to ₦10,000.