The Corporate Affairs Commission (CAC) has announced new requirements for updating business names online. These changes aim to make the process more secure and efficient for business owners.

According to CAC, all business owners wishing to change their business names online must now provide valid identification, updated business documentation, and comply with the latest verification procedures. The move is intended to reduce fraudulent updates and improve record accuracy.

CAC stressed that businesses failing to meet the new requirements may face delays or rejection of their online requests. The commission encourages entrepreneurs to carefully follow the updated guidelines to avoid complications.

Experts say these new measures will help streamline the registration process, promote transparency, and protect businesses from legal issues. It is part of CAC’s broader effort to modernize business registration in Nigeria.