Benefits of Registering Your Business Name with the CAC in Nigeria [Video]

You’ve just gotten that brilliant business idea, done your market research, sales are promising, and you’re about to open a business account. However, to legally establish your business in Nigeria, you must register it with the Corporate Affairs Commission (CAC) using a name that sends the right message and hasn’t already been taken.

Registering your business has many advantages besides the legal benefits it offers your business.

In this article, we’ll go through the steps, documents, and benefits of registering your business online on the CAC website and fintech apps like the Moniepoint Business Banking app.

Let’s dive in!

What’s a Business Name?

A business name is the official unique identity of your venture, which makes you stand out from others and is legally recognised by the law.

Your registered business name ensures that your business stands as a separate legal entity. It also enables you to open an official bank account, gain a professional presence in the market, …