Home / Business / Other Business News / FG extends Business Name Registration till March

FG extends Business Name Registration till March

AFTER the initial reduction for registration of Business Names by 50 % to the tune of N5,000.00 till December 31, Federal Government has extended the window for registration by 90 days, to end by March.

Deputy Director, Public Affairs, Corporate Affairs Commission, Moses Adaguusu made this known in a statement, noting that the move is part of efforts to deepen the benefits of government’s reform initiatives and as well as support for the growth of the Micro, Small and Medium Enterprises (MSMEs).

According to Adaguusu, the BIS is aimed at creating a window for MSMEs to formalize their businesses which will enable them own corporate account with banks, have access to loans, grants and other government interventions.

In view of the benefits of BIS coupled with the demand for extension by stakeholders it became imperative for the Federal Government to further extend the period by another three months (1st January-31st March, 2019) to enable more MSMEs formalize their businesses.

Following the Commissions request for extension, the Honourable Minister of Industry, Trade and Investment graciously approved a three months extension of the BIS for registration of MSMEs from 1st January to March, 2019.

Members of the public are enjoined to take advantage of the extension to register their Business Names at the reduced cost of N5,000 after the name reservation of N500.

Members of the public can either; do it themselves online by login on to the Commissions website: www.cac.gov.ng or visit any of the Commissions Offices nationwide.

Recall that the Commission under its Business Incentive Strategy (BIS), had reduced the cost of Business Name registration from N10,000 to N5,000 for a period of three months (1st October. to 31st December 2018)

About NigerianFlightDeck

mm
Nigerianflightdeck is an online news and magazine platform reporting business stories with a bias for aviation and travel. It is borne out of the intention to inform, educate as well as alter perceptions with balanced reportage.

Check Also

TCN increases Alaoji capacity to 750MVA with installation of 300MVA power transformer

In a statement by Mrs. Ndidi Mbah, the General Manager, Public Affairs, TCN, obtained by Nigerianflightdeck, the brand new 300MVA power transformer, energised earlier in the month at its Alaoji Transmission Substation had increased the station's installed capacity from 450MVA to 750MVA. With the increased power, Alaoji Transmission Substation became the biggest substation in the southern part of the country, adding that it had also made the station consistent with redundancy requirement of N-1.

ACCI President canvasses urgent tax reforms to protect SMEs In Nigeria

Their growth will in turn create jobs and collective wealth for the nation. All that is necessary must be done to nurture such new businesses. New companies should not be mandated to produce tax clearance until after a year or so of operations

2019 Budget: NECA decries late passage, flays government

While speaking on some of the adverse effects of late passing of the budget, Olawale noted that the process leading to the approval and passing of budget in Nigeria had always been a victim of the proverbial fighting of two elephants.

AMCON denies plans to shut NBML over huge debt

ASSET Management Corporation of Nigeria (AMCON) has denied plans to liquidate the Kano-based Nigerian Braiding …

Davos: Elumelu applauds as Africa embraces free trade areas for better economic integration

PLANS to boost intra-African trade and further integrate the African market is gaining traction as …

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

%d bloggers like this:
Skip to toolbar