TOP NEWS: CAC GIVES SIX-WEEK DEADLINE FOR BUSINESS REGISTRATION OR FACE JAIL.
The Corporate Affairs Commission (CAC) has issued a public notice mandating all unregistered businesses operating in Nigeria to formally register within six weeks or face legal consequences, including possible imprisonment.
The CAC emphasized that under Section 863 of the Companies and Allied Matters Act (CAMA) 2020, operating a business in Nigeria without registration is a criminal offense.
Public Compliance Warning:
All business entities—including companies, limited liability partnerships, and business name operators—must comply within six weeks.
