How to Register A Genuine Business Name In Nigeria Cheap
Registering a business name in Nigeria could be a cumbersome process if you lack information on how to go about it. This article will educate you on how to register a business name with ease and protect you from falling into the hands of swindlers.
For all those entrepreneurs are interested in registering their business names in Nigeria, it is imperative you know that the CAC you need to follow due process with the CAC (Corporate Affairs Commission). Corporate Affairs Commission was established by the Companies and Allied Matters Act, which was promulgated in 1990 to regulate the formation and management of companies in Nigeria.
The establishment of the Corporate Affairs Commission as an autonomous body was as a result of the perceived inefficiency and ineffectiveness of the erstwhile Company Registry, a department within the Federal Ministry of Commerce and Tourism, which was then responsible, and administration of the repealed Companies Act of 1968.
Bello Mahmud is the Registrar-General/CEO of the Corporate Affairs Commission
Now if you are a self employed entrepreneur or a small business owner, you can register a business name strictly for the purpose of running a sole proprietorship business (one-man business). Such business names usually end with: “Ventures” or “& Sons” or “Enterprises” or “& Co.” Examples of such business names are:
- ABC Ventures
- DADA & Sons Barbing Salon
- SUNNY Food Enterprises
- SKY & CO
Well, I can’t quote a price here because of the ever-changing policy of the CAC. Secondly, the price may also vary if you are registering your business name through a Lawyer. In one of my posts, i wrote about the cost of registering a business name just incase you need the actual cost of registering a business name in Nigeria.
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