CAC Don Shake Body, New Rules for Business Update Don Land!

Lagos, Nigeria

Wetin dey happen for here? Na the Corporate Affairs Commission (CAC) don announce new compulsory requirements wey all di owners of business names go need to follow for online updates. E don start immediately; no time to waste!

According to wetin dem post for their X account on Wednesday, every applicant gatz provide extra personal and contact details. Dis new requirement go help strengthen di verification process and improve how dem dey keep records for registered businesses.

“Under di new guidelines, every Business Name Online Update submission must include: date of birth, registered office email, proprietor’s email address, phone number for di registered office or proprietor (if dem different), and a valid means of identification,” na wetin CAC talk. (Talk am say you no sabi who you be, abi?)

So, why all dis change? Abeg, dem talk say e be part of ongoing reforms wey dey aim to improve documentation integrity, stop fraud, and ensure say communication with business owners dey smooth. Dem wan make sure sey no joker fit enter wey no suppose dey in charge of our businesses.

For dis new level of compliance, CAC dey expect say di new requirements go make am easier for dem to check compliance and serve Nigeria entrepreneurs better. No wahala o, but dem wan make sure sey those wey dey run their businesses follow the rules well-well to avoid any delays when dem dey try to update their business info.

And wait, no forget say CAC na di regulatory authority wey dey manage companies and business names inside Nigeria. Dem don dey modernize their wahala, moving from manual to digital systems, make everything dey work smoother for everybody wey get business.

So entrepreneurs, this one na your time to shine, but before you check your bank account, make sure sey you get all di necessary documents before you go online for any business updates.

Just remember, CAC na dem wey dey keep Nigeria’s business environment dey run smoothly. So, if you no sabi all dis new rules, better go ask your padi wey don do am before before. No be everybody get luck for dis business matter, but if you sabi wetin you dey do, you fit dey among di winners.