Changing your registered business name with the Corporate Affairs Commission (CAC) in Nigeria is a strategic step for any entrepreneur looking to rebrand, correct an error, or comply with legal requirements. Whether you're pivoting your business model, expanding to new markets, or resolving a name conflict, updating your business name ensures your brand stays aligned and legally recognized.
How to Change Your Business Name with the Corporate Affairs Commission (CAC) in Nigeria
This guide walks you through the step-by-step process, required documents, legal framework, and how SplashDict can help you complete your business name change—quickly and stress-free.
Why Change Your Business Name?
There are several reasons a business owner may decide to change an already registered name:
Rebranding: To align with a new vision, service, or product line.
Trademark Conflict: If your current name infringes on another business’s intellectual property.
Mergers or Ownership Changes: Reflecting a new partnership or restructure.
Target Market Expansion: To appeal to a broader audience or new demographics.
Error Correction: Fixing spelling mistakes or inconsistencies from the initial registration.
Under the Companies and Allied Matters Act (CAMA) 2020, the CAC oversees this process for registered business names (sole proprietorships and partnerships), ensuring your change is compliant and seamless.
Legal Basis for Changing a Business Name
CAMA 2020 allows business name alterations via Form CAC/BN 5 (Section 815), provided you:
- The business must be in good standing (i.e., up to date with annual returns and other filings) before any change will be approved.
- Reserve a new, unique name.
- Update CAC records with proper documentation.
- Pay applicable fees.
Unlike companies requiring board resolutions, business names have a simpler process, but compliance is non-negotiable to maintain legal standing.
Requirements for Filing a Change of Business Name in Nigeria
To initiate the process of changing your business name, you will need to gather the following essential documents:
- New Name Approval: Evidence of the availability of the new business name and confirmation of its reservation by the CAC.
- Business Registration Details: Include your current business registration number, the name of your business as it is currently registered, and the proposed new name.
- Original Certificate of Registration: Submit the original certificate of registration for your existing business name as proof of your current registration.
- Up-to-Date Annual Returns: Ensure that all annual returns for the business are filed and up to date to avoid delays in the application process.
- Authorization: The application must be signed by the business proprietor, a partner, or an authorized signatory, with supporting documentation.
Step-by-Step Guide to Changing a Registered Business Name with the CAC
Follow these steps for a smooth process:
Step 1: Check Name Availability
Visit the CAC Public Search Portal to ensure your new business name is available.
Step 2: Reserve the New Name
Log in to the CAC Company Registration Portal (CRP) and reserve your desired name using Form CAC/BN 2.
Cost: ₦500 + Remita fees (total approx. ₦661.25)
Processing Time: 24–48 hours
Validity: 60 days
Download and keep the Name Reservation Approval Slip for your records.
Step 3: Complete Form CAC/BN 5
This form is the official application for changing a registered business name. Details required include:
Existing business name & number
Proposed new name
Reason for the change
Updated address (if applicable)
Proprietor/partner details
This step is done through an accredited CAC agent like SplashDict.
Step 4: Pay the CAC Filing Fees
The official fees include:
| Item | Fee (₦) |
|---|---|
| CAC Alteration Filing | 5,000 |
| New CAC Certificate | 5,000 |
| Updated CAC Status Report | 5,000 |
| Total (Excl. Service Fee) | 15,000 |
SplashDict offers an all-inclusive package at ₦30,000, covering filing, CAC charges, expert handling, and compliance support.
Step 5: Submit the Application
We handle submission, documentation, and follow-up with CAC to ensure a smooth process.
Step 6: CAC Review & Approval
CAC typically processes the name change in 3–10 working days, depending on accuracy and completeness.
Step 7: Receive Your Updated CAC Documents
Upon approval, you’ll receive:
New Certificate of Business Name Registration
Updated CAC Status Report
These serve as your official proof of name change and must be used to update bank accounts, tax records, contracts, and public directories.
Conclusion
Changing your business name with the CAC is a strategic step to redefine your brand and ensure legal compliance. With the right documents and process, it’s manageable—and SplashDict makes it even easier. Focus on growing your business while we handle the details.
Ready to update your name? Start today with SplashDict!
Update your Business Name in Nigeria with Ease
Here’s how SplashDict's CAC-accredited experts assist you:
