Business
CAC Announces Fee Increase Effective August 1, Justifies Move
BUSINESS REVIEW: Beyond the cheap CAC registration, the backlash you should prepare for as a business owner
The Corporate Affairs Commission (CAC) will begin the comprehensive review of its service fees from August 1.
In a notice issued on Tuesday, the commission said the adjustment followed an in-depth review of current economic realities, escalating operational costs, and widespread consultation with industry stakeholders.
The development underscores the CAC’s broader objective of delivering more efficient, technology-driven services tailored to the evolving needs of Nigeria’s business environment.
The notice read: “The Commission wishes to inform the general public, esteemed customers, and all stakeholders that in our continued efforts to improve service quality and delivery, it has become necessary to review certain service fees effective August 1, 2025.”
The CAC stressed that the changes were designed to be modest and competitive, while also supporting its push for a fully digitalized and customer-centric corporate registry.
“This decision follows the careful consideration of prevailing economic realities, rising operational costs, as well as engagement with critical stakeholders,” it added.
“The review aligns with our commitment to enhancing service delivery and maintaining the integrity of the Nigerian Corporate Registry.”
For many Nigerian business owners, lawyers, and compliance officers, the announcement signals a shift in how regulatory services will be priced going forward, especially as post-incorporation filings, compliance requests, and other documentation become increasingly digital and demand higher infrastructure investments.
Key Changes in the Revised Fee Structure
The updated fees cover a wide range of services across companies, limited partnerships, business names, and incorporated trustees. Notable revisions include:
Voluntary Striking-Off: For small companies, the fee has increased from ₦25,000 to ₦50,000. Public companies will now pay ₦100,000.
Company Relisting: Now costs ₦50,000 for LTD/GTE and ₦100,000 for public companies.
Due Diligence Search (Self-Service): Set at a flat rate of ₦50,000 across all entities.
Annual General Meeting Extension: Public companies will pay ₦100,000, while others are set at ₦50,000.
Historical Search Reports: Ranging between ₦20,000 and ₦30,000, depending on the request type.
Certified True Copies: Priced at ₦5,000 per document or extract.
Under Limited Partnerships, the Commission listed the following changes:
Voluntary striking-off and relisting: ₦25,000 each
Letter of good standing: ₦10,000
Registration and Certified True Copies: ₦30,000
Change of name: ₦10,000
For Business Names, updated fees include:
Voluntary striking-off: ₦10,000
Relisting: ₦25,000
Application for cessation: ₦10,000
CTC of documents or extracts: ₦5,000 each
Restriction of Proprietor’s Address: ₦25,000
Meanwhile, name reservation fees remain unchanged at ₦1,000 for standard names and ₦5,000 for restricted words.
Ripplesnigeria.com
The Nigerian currency, Naira (₦), continued its battle against the United States dollar at the official foreign exchange market on Saturday.
Daily Voice reports that data from the Central Bank of Nigeria (CBN) showed that the local currency sold at ₦1,321.2160/1$ on Sunday.
The latest rate is the same as Saturday’s rate of ₦1,321.2160/1$.
At the parallel market (black market), however, the naira closed on Sunday at ₦1,400 to the dollar.
The offers by commercial banks, Bureau de Change (BDC) operators, and other foreign exchange dealers may, however, differ from the reference rates due to transaction margins and prevailing demand and supply conditions.
Market participants will continue to monitor foreign exchange inflows, demand for dollars, and CBN policies for indications of whether the naira can sustain its gains through the month.
Cement prices in Nigeria remain elevated, with a 50kg bag selling for between ₦12,000 and ₦15,000 in many markets, putting further pressure on builders, contractors and Nigerians planning construction projects.
The latest market data shows that although some brands are currently available below the ₦15,000 mark, the industry remains significantly more expensive than it was at the end of 2025 and early 2026.
Recent market quotations show the following indicative prices for a 50kg bag:
Note: prices may vary by location and transportation costs.
These figures are based on a September 1 market report and can vary depending on location, transportation costs, dealer margins and supply conditions.
However, July industry data painted a more expensive picture. CementNet reported retail prices of ₦12,000 to ₦15,000, with Dangote selling for about ₦13,000–₦15,000, BUA at ₦12,000–₦14,500, and HBM Nigeria, formerly Lafarge Africa, at ₦12,000–₦13,500.
The latest figures suggest that cement prices may have eased from the highest quotations seen earlier in the year, but the broader trend remains upward.
In July, The Guardian reported that a 50kg bag typically sold for ₦12,500–₦15,000 across major markets including Lagos, Abuja and Abia.
The Federal Competition and Consumer Protection Commission (FCCPC) also reported that prices had reached between ₦13,000 and ₦15,000 in some locations during the first half of 2026.
This means the current ₦12,000–₦14,000 quotations for several major brands should be viewed as some market-level moderation rather than a broad collapse in cement prices.
Why cement remains high
High energy and transportation costs continue to weigh heavily on the industry. Cement manufacturing requires significant amounts of energy, while moving cement from factories and depots to retail markets adds further costs.
Location is also playing an important role. Buyers in areas farther from production centres can pay substantially more because of haulage and distribution expenses.
The situation is particularly significant because Nigeria has substantial cement production capacity, yet retail prices remain high. The Guardian reported that domestic production exceeds consumption, with surplus output exported to neighbouring countries.
Nigerian civil servants on Grade Level 8 now earn between N1,479,276 and N1,914,514 annually, depending on their step within the scale, following the new minimum wage signed under President Bola Tinubu’s administration.
The figures fall under the Consolidated Public Service Salary Structure (CONPSS), the framework that governs pay across Nigeria’s federal civil service.
CONPSS covers 17 grade levels in total, and a worker’s position within each level is shaped by their qualifications, length of service, and performance record.
Grade Level 8 has 14 steps, with each step representing a progression in earnings. Below is the full breakdown:
The gap between the lowest and highest steps at this level amounts to N435,238, reflecting how significantly length of service can affect take-home pay within a single grade.
Interest in the salary structure has grown since Tinubu’s government approved a new national minimum wage, which triggered a review of earnings across the public sector. Civil servants and job seekers have been keenly examining each grade level to understand what the adjusted structure means in practical terms.
Workers at Grade Level 8 are typically mid-level employees with some years of experience in the civil service. Their earnings sit above the entry-level grades but below the senior cadre, making this level a reference point for many who are planning career progression within the federal workforce.
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