CAC to Increase Service Fees for Businesses in Nigeria from August 1 over ‘Economic conditions’

The Corporate Affairs Commission (CAC) has announced that it will review its service fees starting August 15, 2025, in a move aimed at improving service delivery, driving operational efficiency, and adapting to Nigeria’s evolving economic realities.

In a statement released Tuesday, the Commission pointed to rising operational costs and broader macroeconomic pressures as the driving forces behind the price adjustment. It explained that consultations were held with key stakeholders before arriving at the decision.

According to the CAC, the fee review is critical for sustaining the agency’s digital transformation agenda and for maintaining prompt, technology-driven services. The Commission assured users that the new fees would be “modest and competitive,” in line with its strategic goal to enhance the Nigerian Corporate Registry, increase investor confidence, and provide a transparent and responsive regulatory environment.

While the detailed breakdown of the revised fees is yet to be made public, the CAC urged stakeholders and the general public to prepare for the changes and expect further updates in the coming weeks.

This development adds the CAC to a growing list of Nigerian government institutions adjusting their pricing structures to reflect current economic challenges. Earlier in May 2025, the National Identity Management Commission (NIMC) increased its charges for services such as data modification on the National Identification Number (NIN) database, marking the first major review in over a decade.

NIMC stated that its new pricing regime aligns with modern operational demands while still aiming to preserve service quality and public accessibility. Notably, the cost of correcting a date of birth on the NIN database rose by 75 percent—from N16,630 to N28,574.

As inflation and rising costs continue to affect public agencies, Nigerians may need to brace for further reviews across other services in the coming months.