The Corporate Affairs Commission (CAC) has officially announced a new pricing structure for its services, set to begin on August 1, 2025. According to the agency, the fee increase was necessitated by Nigeria’s current economic climate, including surging inflation and rising operational costs. In a public notice released on Tuesday, the CAC stated that the revision followed consultations with relevant stakeholders and aligns with its broader goal of improving digitalized and technology-driven services.

“This decision follows the careful consideration of prevailing economic realities, rising operational costs, as well as engagement of critical stakeholders ahead of implementation,” the notice read.

Digital Transformation and Service Efficiency at Core of Changes

The CAC emphasized that the updated fee regime is part of its commitment to providing more efficient, modern, and responsive services to businesses and the general public. The commission reassured users that the adjustments are “modest and competitive,” aimed at enhancing customer experience and maintaining a reliable corporate registry system.

“We remain committed to transparency, accountability, and customer satisfaction as we strive to build a more resilient and responsive corporate regulatory environment,” the statement added.

What the New Fee Structure Entails

The revised service fees affect various categories of business entities, including registered companies, limited partnerships, business names, and incorporated trustees. Here are the major highlights of the new pricing structure:

• Voluntary Striking-Off:

  • N50,000 for small companies (previously N25,000)

  • N100,000 for public companies

• Relisting of a Company:

  • N50,000 for Limited and GTE entities

  • N100,000 for public companies

• Due Diligence (Self-Service):

  • Set at a flat rate of N50,000 for all company types

• Extension for AGM (Annual General Meeting):

  • N100,000 for public companies

  • N50,000 for other categories

• Historical Search Reports:

  • Fees now range from N20,000 to N30,000 depending on report type

• Certified True Copies (CTC) and Director’s Address Restrictions:

  • CTC of documents: N5,000 per copy

  • Restriction of residential address: N25,000

Limited Partnerships and Business Names See Modest Increases

The CAC also reviewed fees for Limited Partnerships (LPs) and Business Names, maintaining relatively moderate increases:

• Limited Partnerships:

  • Voluntary Striking Off/Relisting: N25,000

  • Letter of Good Standing: N10,000

  • Registration and CTC of Documents: N30,000

  • Change of Name: N10,000

• Business Names:

  • Voluntary Striking Off: N10,000

  • Relisting: N25,000

  • Application for Cessation: N10,000

  • CTC of Documents: N5,000 each

  • Restriction of Proprietor’s Address: N25,000

Name Reservation Unchanged for Most Applications

Despite the increase in other fees, the CAC retained the cost for standard name reservations at N1,000, while applications involving restricted words will cost N5,000.

Implications for Stakeholders

The new fee structure is expected to impact a wide range of users, including business owners, legal professionals, compliance officers, and corporate service providers. It is particularly relevant for those involved in post-incorporation filings, regulatory compliance, and corporate record updates.

The full list of the revised service charges is available on the CAC’s official website: www.cac.gov.ng/resources.

By restructuring its fees, the CAC aims to position itself as a more modern and efficient regulatory body, capable of sustaining its services in a challenging economic environment. However, business stakeholders will now need to factor these increased costs into their compliance and operational budgets moving forward.