CAC Reg Deadline: Ambassador Urges PoS Agents, Small Businesses To Avoid Delay

Five days to the July 7 deadline given by the Corporate Affairs Commission (CAC) for the mandatory registration by businesses in Nigeria, Michael Nwabufo (a.k.a Mike Premium), the CAC Ambassador, on Tuesday, urged Point of Sales (PoS) agents of major fintech companies in Nigeria and small business to avoid delay and potential complications for not meeting up with the deadline.

Nwabufo, a talent and brand manager, who made the appeal in a statement in Lagos, said that business owners must steer clear of anything that could complicate their business operations at the expiration of the window for registration with the CAC.

Stressing the importance of the deadline, which is five days away, Nwabufo urged businesses to make use of the CAC Special Registration Portal (SRP) or the PCCSIGN platform ( to register.

He described SRP as an innovative solution designed to streamline and accelerate business registration Nigeria.

“This initiative is a significant step forward, offering a more accessible, efficient, and user-friendly registration process for all Nigerians.

“We encourage small businesses, particularly Point of Sales (POS) agents, to register via the SRP.

“This formal registration not only provides legal recognition but also enhances credibility and opens up opportunities for growth,” Nwabufo said.

He said that the SRP has user-friendly interface while the registration and approval times have also been significantly reduced.

“The portal is designed to cater to users of varying technological proficiency, making it accessible to everyone, including those with limited digital skills,” Ambassador added.

He added that the CAC had also partnered with the Practitioners of Content Creating, Skit-making, and Influencers Guild (PCCSIGN) platform to further ease the process and remove all complications.

Nwabufo said that PCCSIGN platform also offered a registration platform tailored to the needs of the community.

He said that PCCSIGN provided an additional avenue for a swift and efficient registration process.

“The CAC deadline for the registration of POS agents and other small businesses is crucial all registrations must be completed by July 7.

“The public can register by visiting the Special Registration Portal or the PCCSIGN platform ( and follow the provided instructions.

“There are support teams ready to assist with any questions or challenges you may encounter,” Nwabufo said.

He advised all stakeholders to meet the deadline to avoid potential delays or complications in business operations.

The Ambassador commended the Registrar-General of CAC, Hussaini Magaji (SAN), and the CAC team for the launch of the SRP.

He said the initiative represented a pivotal step in modernising the business registration process in Nigeria.

He said that the registrar-general had shown commitment to ensure that every entrepreneur could formalise their business efficiently.

Nwabufo said that this would contribute to the nation’s economic growth and development.

In May, the Registrar-General of the CAC, Hussaini Ishaqi Magaji (SAN) stated that Point of Sales (PoS) agents of major fintech companies in Nigeria, including OPay, Palmpay, and Moniepoint, must register their businesses by July 7.

CAC has stated that it is treating no less than 15,000 applications daily, including on weekends, for its fintech regularisation programme.

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