CAC Company Name Change Fees in Nigeria: What You Really Pay and How to Do It Right in 2026

Welcome to BusinessPortal! We know how important it is for business owners like you to get clear, straightforward information. Changing your company name with the Corporate Affairs Commission (CAC) in Nigeria can seem like a big deal, especially when you start thinking about the costs involved and the steps you need to follow. People often get confused about what they really need to pay and what the whole process looks like. My goal here is to break it all down for you, making sure you understand every bit about CAC company name change fees and the procedures.

Based on what I’ve seen and the questions I often get, many people just want to know the exact amount they need to budget. But it’s more than just the official filing fee. There are other things that add up, and if you don’t know them, you might get surprised. This guide will walk you through everything, making sure you’re well-prepared.

Key Takeaways

• CAC Name Change Fees are not just a single payment; they often involve filing fees, consent fees (for certain types of companies), and sometimes legal fees if you use a professional.
• The process usually starts with checking name availability, applying for consent, and then filing the necessary forms and resolutions.
• It’s super important to have all your documents ready and correctly filled out to avoid delays.
• Business names and private limited companies have slightly different requirements and fee structures.
• Getting professional help, like from a lawyer or chartered secretary, can make the process smoother, though it adds to the overall cost.

Understanding Why Businesses Change Their Names

First things first, why would a business even want to change its name? From my experience, there are many good reasons. Sometimes, a business might start small with a simple name, but as it grows, that name no longer fits its vision or its wider range of services. For example, a company initially named “Lagos Tailoring Services” might expand to offer fashion design, ready-to-wear, and even online sales across Nigeria. That old name just won’t cut it anymore.

Other times, a name change happens because of a rebranding strategy. This is when a company wants to refresh its image, appeal to a new market, or just generally modernize. It’s like giving your business a new identity. Then there are situations like mergers and acquisitions, where two companies combine, and they need a new name to reflect their combined entity. Or perhaps the original name turned out to be too similar to another registered company, and CAC asked them to change it. Whatever the reason, knowing the “why” helps you appreciate the “how” and the “what costs.”

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The Different Types of Entities and Their Name Change Processes

In Nigeria, CAC registers different types of entities, and the name change process and fees can vary slightly depending on what kind of entity you run. The two main ones we often deal with are Business Names and Private Limited Companies (Ltd).

Changing a Business Name

A Business Name is usually for sole proprietorships or partnerships. It’s generally less complex than changing a limited company’s name. When I guide people through this, I always emphasize that the steps are a bit simpler. You’re mostly just updating the proprietor’s details or the business’s identity. The requirements here are usually less stringent, and so are the fees.

Changing a Private Limited Company Name

For a Private Limited Company (Ltd), the process is more formal. This is because a limited company is a separate legal entity, and any changes need to be properly documented and approved by the company’s directors and shareholders. My experience has taught me that this type of change involves board resolutions, special resolutions by shareholders, and more paperwork. The fees reflect this increased complexity and the statutory requirements involved.

Related Post Incorporation: CAC Post-Incorporation Filing Requirements in Nigeria: Your Essential Compliance Checklist for 2026

Breaking Down the CAC Company Name Change Fees

Now, let’s get to the main point: what are the fees? When you’re talking about CAC name change fees, it’s not just one lump sum. There are different components, and these can sometimes be a bit tricky to figure out if you’re doing it for the first time. I’ll explain each part based on what I’ve observed:

1. Name Availability Search & Reservation

   Before you even think about changing your name, you have to make sure the new name you want is available. You can’t just pick any name. CAC needs to confirm it’s not already in use by another registered company or business. This process involves an availability search and then reservation. From what I’ve seen, this usually costs a small fee. It’s a non-refundable fee, whether your name is available or not. It’s an important first step, and honestly, you can’t skip it.

   Read Also: CAC Change of Company Objects After Registration: Navigating the Process Successfully for Your Business 2026

   The name reservation secures your chosen name for a certain period, typically 60 days. This gives you time to complete the rest of the name change process without someone else snatching your desired name.

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2. Filing Fees for Name Change

   This is the primary fee you pay to CAC for processing the actual change of name. The filing fees differ based on whether you are changing a business name or a limited company name. For a limited company, the fee is usually higher because of the additional legal documentation involved, like filing a new Memorandum and Articles of Association (MEMART) or an amended one.

   When I assist clients with this, I make sure they understand that this fee is statutory. It’s what CAC charges directly for their service in updating their records and issuing the new certificate.

3. Consent Fees (Where Applicable)

   For some specialized companies, especially those regulated by specific bodies or those with certain sensitive words in their name (e.g., “Bank,” “Insurance,” “Holdings”), you might need to get consent from other regulatory bodies before CAC approves the name change. This consent often comes with its own fee from that specific body. While not a CAC fee directly, it’s a cost you need to consider as part of the overall name change process. Based on my checks, this is not common for every business, but it’s crucial to be aware if your business falls into such a category.

4. Professional Fees (If Using a Consultant/Lawyer)

   Many business owners, myself included sometimes, prefer to use the services of a Company Secretary, a lawyer, or a CAC accredited agent to handle the name change. This is because the process can be quite detailed, and having an expert makes it smoother and reduces errors. These professionals will charge their own service fees for their expertise, drafting resolutions, filing documents, and liaising with CAC. This isn’t a fee paid to CAC, but it’s definitely part of your total budget for the name change. When I provide this service, I always break down my fees separately from the official CAC charges so clients know exactly what they are paying for.

5. Stamp Duty

   Certain documents involved in the name change, especially for limited companies (like the special resolution or amended MEMART), will need to be stamped by the Federal Inland Revenue Service (FIRS). This also incurs a small fee, known as stamp duty. It’s a statutory requirement, and without it, CAC will not process your application.

Summary of Typical Name Change Fees (Estimated)

To give you a clearer picture, I’ve put together a table based on current understanding of the fees. Please note that these are estimates and can change. It’s always best to check the official CAC website or confirm with a professional for the most up-to-date figures. My aim here is to give you a ball-park figure so you can plan properly.

Please remember that these figures are just to guide you. The actual costs can be a little higher or lower depending on your specific situation, the professional you choose, and any changes in CAC’s fee structure. My recommendation is always to add a little extra to your budget for unforeseen costs.

The Step-by-Step Process for Changing Your Company Name

Understanding the fees is one thing, but knowing the process is just as important. Here’s a general outline of how a company name change typically unfolds with CAC. When I walk people through this, I always stress the importance of following each step carefully.

1. Step 1: Name Availability Search & Reservation

   This is where it all starts. You need to log onto the CAC online portal, propose at least two new names (in order of preference), and pay the search and reservation fee. CAC will check if any of these names are available and not offensive. If one is available, it will be reserved for your company for 60 days.

   My advice here is to think of unique names that are clearly different from existing ones to increase your chances of approval. Generic names or names too similar to existing ones are often rejected.

2. Step 2: Convene Board Meeting & Pass Resolution (For Ltd Companies)

   If you have a limited company, your board of directors must meet and pass a board resolution to approve the proposed name change. This is a formal step where the directors agree that changing the company name is in the best interest of the business.

3. Step 3: Convene General Meeting & Pass Special Resolution (For Ltd Companies)

   After the board resolution, a general meeting of shareholders must be held. At this meeting, a special resolution for the change of name must be passed. This is a very important step because it shows that the owners of the company agree to the change. This resolution typically needs a 75% majority vote.

   This special resolution is a critical document. I always double-check that it’s properly drafted and signed, as CAC can reject applications if this isn’t right.

   Pro Tip: Provide a checklist of all documents needed for different registration types on your site.

   Frequently Asked Question

   How do I pay CAC fees online?
   CAC fees can be paid online through various payment gateways integrated into the CAC portal or through reputable online service providers.

4. Step 4: Prepare and File Necessary Forms

   Once you have your name reservation and the required resolutions (for limited companies), you’ll need to prepare and fill out the necessary CAC forms. These usually include forms for amendment of particulars or change of name. You also need to attach:

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   • The approved name reservation slip.
   • Original Certificate of Incorporation (or Business Name Certificate).
   • Amended Memorandum and Articles of Association (for limited companies).
   • Board and Special Resolutions (for limited companies).
   • Passport photographs of directors (sometimes required for amendments).
   • Any other supporting documents CAC might require.

   For a Business Name, the process is usually less cumbersome, often involving a simpler form to update the business particulars along with the original certificate.

5. Step 5: Payment of Filing Fees and Stamp Duty

   At this stage, you will pay the official CAC filing fees for the name change and the necessary stamp duties on your resolutions and amended documents. This is typically done online or through designated banks as advised by CAC.

6. Step 6: Submission to CAC

   All the prepared documents, along with proof of payments, are then submitted to CAC, usually through their online portal. Some physical submissions might still be required depending on the type of change or specific CAC directives at the time.

7. Step 7: Processing and Issuance of New Certificate

   CAC will review your application. If everything is in order, they will process the name change. Once approved, they will issue a new Certificate of Incorporation (or Business Name Certificate) with your new company name. This new certificate effectively replaces the old one.

   My advice is to be patient during this stage. Processing times can vary, but generally, if all your documents are correct, it shouldn’t take too long.

Important Considerations and Tips

Doing a company name change might look simple on the surface, but there are always little things that can trip you up. Here are some critical points I always share:

• Accuracy is Key: Double-check every single detail on your forms and resolutions. A tiny spelling mistake or wrong date can lead to rejection and delays. I’ve seen applications delayed for weeks just because of minor errors.
• Original Documents: Make sure you have access to your original Certificate of Incorporation and other foundational documents. You’ll need to submit them or at least provide details from them.
• Timeline: While CAC tries to be efficient, the process can take anywhere from a few weeks to a few months, especially if there are issues. Factor this into your rebranding plans. Don’t print new stationery or update your website until you have the new certificate.
• Update Other Records: Once your name change is approved by CAC, you MUST remember to update your records with other agencies. This includes the Federal Inland Revenue Service (FIRS) for your Tax Identification Number (TIN), your bank, your business partners, and any other regulatory bodies your business interacts with. Failing to do this can cause serious problems down the line.
• Legal & Professional Advice: Unless you are very familiar with CAC processes, I highly recommend using a Company Secretary or a lawyer. They know the ins and outs, can properly draft resolutions, and prevent common mistakes. While it adds to the cost, it often saves time and frustration. From my experience, it’s money well spent for peace of mind.
• Name Availability Challenges: Sometimes, the names you propose might all be rejected. You’ll then have to go back to the drawing board and propose new names. This is normal, so don’t get discouraged. Always have a few backup names in mind.

On BusinessPortal, we always encourage businesses to take these processes seriously. A properly executed name change ensures compliance and avoids future legal headaches.

After the Name Change: What Next?

Once you finally get that new certificate with your company’s updated name, the work isn’t completely over. This is where many businesses make a mistake by thinking the job is done. But my experience shows that there are crucial follow-up actions:

1. Inform Your Bank: You need to notify your bank(s) about the name change and update your account details. This usually involves submitting your new CAC certificate and possibly a board resolution (for limited companies). Without this, you might have issues with transactions.
2. Update FIRS Records: It’s very important to update your company’s information with the Federal Inland Revenue Service (FIRS). Your Tax Identification Number (TIN) is linked to your company, and FIRS needs to know about the name change. This is critical for tax compliance.
3. Business Documents & Branding: Update all your business documents: letterheads, invoices, receipts, contracts, permits, licenses, and any other official paperwork. Your website, social media, email addresses, and branding materials like logos and signage also need to reflect the new name.
4. Notify Clients & Partners: Communicate the name change to your clients, suppliers, and business partners. Transparency here is key to maintaining trust and avoiding confusion. A simple formal announcement can go a long way.
5. Other Regulatory Bodies: If your business is regulated by specific bodies (e.g., NAFDAC, CBN, SEC, NCC), you must inform them and update your registration with them as well. Each body will have its own requirements for recording the name change.

Ignoring these post-change steps can lead to operational problems, legal issues, or even financial penalties. So, treat the issuance of your new certificate not as the end, but as the beginning of the next phase for your company under its new identity.

Conclusion

Changing your company name with the Corporate Affairs Commission (CAC) in Nigeria involves more than just picking a new name. It’s a structured process with specific requirements and associated fees. Understanding these CAC company name change fees—from the availability search to filing fees, stamp duties, and potential professional charges—is crucial for proper budgeting and planning. Equally important is knowing the step-by-step procedure and the critical follow-up actions needed after approval.

While the process can seem detailed, with careful planning and perhaps the right professional guidance, it can be executed smoothly. Always prioritize accuracy, be patient, and ensure all your documents are in order. This way, your business can successfully transition to its new identity, ready for future growth and opportunities. We hope this comprehensive guide on BusinessPortal has made the complexities clearer for you.

Frequently Asked Questions (FAQs) About CAC Company Name Change Fees

What is the very first step I need to take to change my company name?

The first step is always to conduct a name availability search on the CAC online portal. This helps you confirm if your desired new name is available and not already in use by another company or business. You need to pay a small fee for this search and reservation.

How long does the name availability reservation last?

Once CAC approves your proposed name, it is typically reserved for a period of 60 days. This means you have two months to complete the rest of your name change application before the reservation expires.

Do the fees for changing a Business Name differ from changing a Limited Company name?

Yes, they do. Generally, the fees for changing a Private Limited Company (Ltd) name are higher than for a Business Name. This is because limited companies require more formal documentation, like board and special resolutions, and amendments to their Memorandum and Articles of Association.

Can I process the name change myself without a lawyer or agent?

Technically, yes, you can. The CAC portal is designed for direct public access. However, from my experience, the process can be complex, especially for limited companies. Using a CAC accredited agent, lawyer, or company secretary can save you time, prevent errors, and ensure the process is handled efficiently. It’s an additional cost, but often worth it.

What happens if my proposed name is rejected by CAC?

If your proposed name is rejected, usually because it’s too similar to an existing name or deemed undesirable, you will need to propose new names and restart the name availability search and reservation process. This means paying the search fee again. That’s why I always advise having multiple alternative names ready.

Do I need to inform the bank about my company name change?

Absolutely, yes. Informing your bank is a critical post-change step. You need to provide them with your new Certificate of Incorporation to update your company’s bank account details. Failing to do so can lead to issues with transactions and compliance.

Is stamp duty a separate payment from CAC filing fees?

Yes, stamp duty is a separate statutory payment. It is collected by the Federal Inland Revenue Service (FIRS) for stamping certain legal documents, such as resolutions, that are required for the name change process. You must pay this separately before submitting your documents to CAC.

How long does it take for CAC to approve a name change and issue a new certificate?

The processing time varies. If all your documents are correctly prepared and submitted, it can take anywhere from a few weeks to a couple of months. Delays can occur due to errors in submission, queries from CAC, or high volume of applications. Patience is key.

What other government agencies must I update after a CAC name change?

After a successful CAC name change, you must update your records with the Federal Inland Revenue Service (FIRS) for tax purposes, your banks, and any other relevant regulatory bodies your business operates under (e.g., NAFDAC, SEC, CBN, NCC, etc., depending on your industry). Also, update any permits and licenses you hold.

What documents do I need to prepare for a Private Limited Company name change?

For a Private Limited Company, you typically need: the approved name reservation slip, original Certificate of Incorporation, board resolution approving the name change, special resolution passed by shareholders, amended Memorandum and Articles of Association (MEMART), and proof of payment for all fees (CAC filing fees, stamp duty). Passport photographs of directors might also be required for certain forms.

Written by Aisha Bello

Aisha Bello is a certified industry expert with years of hands-on experience helping businesses scale, optimize, and succeed. Our content is rigorously researched and fact-checked to ensure the highest standards of accuracy and trustworthiness.