Michael Nwabufo (aka Mike Premium), the Ambassador for the Corporate Affairs Commission (CAC), on Friday urged business owners to beat the July 7 deadline for registration.

Nwabufo, a talent and brand manager, made the appeal while speaking with newsmen in Lagos.

He said the CAC business registration could be completed within 24 hours through the new Special Registration Portal (SRP).

According to him, the CAC has made a lot of significant advancement recently through SRP to ease registration of businesses in line with the new government directives.

On the mandatory business registration, the CAC and the Central Bank of Nigeria, Nwabufo said the portal had enabled businesses to be registered and receive documentation in a day.

“There is a crucial deadline for agents and fintech companies to register their businesses.

“Compliance is mandatory under new regulations aimed at enhancing transparency and accountability within the financial sector. The deadline ends on July 07.

“To facilitate this, the CAC has introduced a Special Registration Portal, a new system enabling businesses to complete their registration directly through their mobile banking apps.

“This innovation streamlines the process, making it quicker and more convenient for agents to comply with the regulatory requirements,” Nwabufo said.

He urged business owners to take advantage of the SRP immediately to ensure timely registration and avoid any potential penalties for non-compliance.

Nwabufo urged business owners to arm themselves with further information and access to the portal by visiting the official CAC website or consult your banking app.

Emphasising the importance of business registration in Nigeria, Nwabufo said that it would foster uniqueness and trust among entrepreneurs.

According to him, there is a partnership between the Practitioners of Content Creating, Skit-Making, and Influencers Guild of Nigeria and the CAC.