RateCaptain
  • Home
    • About Us
    • Contact Us
  • FX Rates
  • Money Market
  • Cryptocurrency
  • Commodities
  • Corporates
No Result
View All Result
Subscribe
  • Home
    • About Us
    • Contact Us
  • FX Rates
  • Money Market
  • Cryptocurrency
  • Commodities
  • Corporates
No Result
View All Result
RateCaptain
No Result
View All Result
Home Business

CAC Now Processes Nearly 10,000 Business Registrations Daily After AI Deployment

Victoria Attah by Victoria Attah
February 10, 2026
in Business
Reading Time: 2 mins read
A A
0
South Africa Poised to Surpass Nigeria as Africa’s Largest Economy

ECONOMY word cloud with marker, business concept background

Share on FacebookShare on TwitterShare on WhatsappShare on Telegram

The Corporate Affairs Commission (CAC) has dramatically scaled up its processing capacity, handling close to 10,000 business registration requests every day  a sharp rise from the few hundred daily filings in its early years  following the full rollout of artificial intelligence across its digital platforms.

Registrar-General Hussaini Magaji disclosed the milestone on Monday during the CAC’s 35th anniversary celebration in Abuja, themed “Upholding Public Trust through Excellent Service Delivery.” He described the transformation as a defining moment in Nigeria’s drive to formalise businesses and improve the ease of doing business.

AlsoRead

Showmax’s Costly Gamble: Platform loses $2.50 for Every $1 Earned in Revenue

FCMB Group Completes N500bn Recapitalisation, Secures International Banking Licence

Private Sector Credit Dips to N75.24 Trillion in January 2026 as Banks Stay Cautious

“When CAC was established in 1991, operations were confined to a single office in Area 11, Garki, Abuja,” Magaji recalled. “Business owners had to travel across the country for manual, paper-based registration. Today, our services are digital, accessible 24/7 from anywhere in Nigeria and globally  from paper to portal, queues to clicks.”

Magaji attributed the surge in registrations to recent tax reforms, government policies encouraging formalisation of informal enterprises, and the rapid rise of digital and social-media-driven businesses. He also noted that the commission’s complaint management system now handles an average of 5,000 inquiries daily through emails and call centres  volumes that would be impossible to manage manually.

“Only AI can complement human capacity with the required speed, accuracy, and precision,” he said.

The transition to an AI-driven portal in 2025 was not without challenges. Magaji acknowledged temporary disruptions and setbacks in productivity and service delivery during the rollout. “Transformational change is never easy,” he said, thanking stakeholders and customers for their patience and confidence.

Looking ahead, the CAC has signed a Letter of Collaboration with Google to further strengthen its digital infrastructure, enhance portal performance, and deepen the ease of doing business in Nigeria. Google’s global expertise will support system upgrades and service improvements.

To mark its anniversary, the commission approved free business name registration for 3,500 small businesses across the 36 states and the Federal Capital Territory  a gesture aimed at encouraging entrepreneurship and formalisation at the grassroots level.

The CAC also unveiled a redesigned website (www.cac.gov.ng) featuring new AI-powered tools, including an AI Lawyer for instant responses on CAC laws and procedures, and an AI Name Generator to help users create and reserve scalable business names quickly.

Magaji described the AI transition as inevitable and necessary, noting that CAC has already become a global reference point for fast name reservation and business registration, with turnaround times as short as 10 minutes in many cases.

The commission’s evolution from a single manual office in 1991 to a fully digital, AI-enabled registry accessible worldwide reflects Nigeria’s broader push toward digital governance and economic formalisation. As registration volumes continue to soar, the focus now shifts to sustaining service quality, expanding capacity, and ensuring the benefits of formalisation reach even the smallest entrepreneurs across the country.

Tags: CAC
Previous Post

Naira Opens February at N1,354.9/$ in Official Market , Strongest Level Since May 2024

Next Post

Investors Pocket N1.4 Trillion as Dangote Cement, Aradel and Banks Power NGX Surge

Related News

Showmax’s Costly Gamble: Platform loses $2.50 for Every $1 Earned in Revenue

Showmax’s Costly Gamble: Platform loses $2.50 for Every $1 Earned in Revenue

by Stephen Akudike
March 10, 2026
0

Showmax, once positioned as Africa's homegrown challenger to global streaming giants like Netflix, has become a stark case study in...

FCMB Group Plc Reports Remarkable 108% Year-on-Year Profit Growth in 9M 2023

FCMB Group Completes N500bn Recapitalisation, Secures International Banking Licence

by Stephen Akudike
March 10, 2026
0

FCMB Group Plc has successfully met the Central Bank of Nigeria's (CBN) revised minimum capital requirement of N500 billion for...

South Africa Poised to Surpass Nigeria as Africa’s Largest Economy

Private Sector Credit Dips to N75.24 Trillion in January 2026 as Banks Stay Cautious

by Jide Omodele
March 6, 2026
0

Nigerian banks extended N75.24 trillion in credit to the private sector in January 2026, marking a decline of about N590...

Multichoice to Launch Integrated Payments Platform

Showmax  to be shut down by MultiChoice after 11 years.

by Victoria Attah
March 6, 2026
0

In a major shake-up for Africa's streaming landscape, French media giant Canal+ has decided to discontinue Showmax, the continent's homegrown...

Next Post
Nigerian Equity Market Sees Impressive N1.08tn Wealth Gain Amidst Bullish Trading.

Investors Pocket N1.4 Trillion as Dangote Cement, Aradel and Banks Power NGX Surge

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

Battered Commodity Currencies Gain Attention Amid Dollar’s Decline.

US Dollar Slumps as Global Central Banks Signal Tighter Policy Amid Oil Surge

March 20, 2026
CBN – FG incurred N930.8bn Fiscal Deficit in January and February 2023.

Providus Bank Confirms N65 Billion Capital Base, Meets CBN Regional Requirement Since January 2025

March 20, 2026

Popular Story

  • Battered Commodity Currencies Gain Attention Amid Dollar’s Decline.

    US Dollar Slumps as Global Central Banks Signal Tighter Policy Amid Oil Surge

    0 shares
    Share 0 Tweet 0
  • Dangote Group Emerges as Most Admired African Brand for Sixth Consecutive Year.

    0 shares
    Share 0 Tweet 0
  • CBN Fines Nine Banks N1.35 Billion for Failing to Dispense Cash During Festive Season

    0 shares
    Share 0 Tweet 0
  • Fair Money Job Opening: Regional Sales Manager

    0 shares
    Share 0 Tweet 0
  • Naira Falls to N1,577/USD: Lowest Since March

    0 shares
    Share 0 Tweet 0

RateCaptain

We bring you the most accurate in new and market data. Check our landing page for details.

  • Home
  • About Us
  • Privacy Policy
  • Terms & Conditions
  • Disclaimer
  • Cookie Policy
  • Contact Us

Copyright © 2022 RateCaptain - All rights reserved by RateCaptain.

No Result
View All Result
  • Home
    • About Us
    • Contact Us
  • FX Rates
  • Money Market
  • Cryptocurrency
  • Commodities
  • Corporates

Copyright © 2022 RateCaptain - All rights reserved by RateCaptain.

RateCaptain
Manage Cookie Consent
To provide the best experiences, we use technologies like cookies to store and/or access device information. Consenting to these technologies will allow us to process data such as browsing behavior or unique IDs on this site. Not consenting or withdrawing consent, may adversely affect certain features and functions.
Functional Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes. The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
  • Manage options
  • Manage services
  • Manage {vendor_count} vendors
  • Read more about these purposes
View preferences
  • {title}
  • {title}
  • {title}
?>