The Corporate Affairs Commission (CAC) has announced a complete overhaul of the Company Registration Portal (CRP) and introduced a new Artificial Intelligence (AI)-powered registration portal, which is part of the commission’s transformative initiative.
The Registrar-General/CEO of the Commission, Hussaini Ishaq Magaji, made this announcement at the 2025 stakeholders’ forum, stating that name reservation will now be as easy as opening an email account where instant approvals are granted for available names.
He said: “The AI system is intelligently built to suggest alternatives for selection and immediate approval. Other features introduced are allowing business registration with only NIN for a director or proprietor. The target time for business registration will be 30 minutes on generation of certificate and delivering to customers email just like real-time NIN verification.
“The CAC while acknowledging possibilities of some occasional delays due to external validation from NIMC, however maintained that a contingency solution is developed using AI-powered photo ID matching to surmount the anticipated challenge. On partnership with super agents such as the Nigerian Inter-Bank Settlement System (NIBSS), the commission has studied over hundred requests from Super Agents both within and outside the country, and is working on it.”
He added that the Commission will soon provide Authentication and OTP Verification for all transactions, this is to ensure no changes are made to any company record without the full knowledge and consent of the registered directors, a CAC Mobile App will be provided by the last quarter of this year to ensure seamless transactions and tracking on the go.
Magaji said there will be upward review of service fees effective 1st August 2025. This he said is to maintain quality service delivery and the implementation of some vital reforms in the Commission.
