Are you a PoS operator or planning to start a PoS business in Nigeria? Then this guide is for you.

The Corporate Affairs Commission (CAC), together with the Central Bank of Nigeria (CBN), now requires all Point-of-Sale (PoS) agents and merchants to register their businesses officially. This means you must get a CAC certificate or risk being arrested or fined by the authorities.

This registration is not just a formality. It’s part of the government’s plan to reduce fraud, increase transparency, and ensure that all PoS agents are traceable in case of issues.

If you’re confused about how to start or where to go, don’t worry. This blog will show you the step-by-step process for registering your PoS business with CAC the easy way.

Why Do You Need to Register Your PoS Business?

Here’s why it’s now important to register:

  • It’s now mandatory: CBN has issued a directive that all PoS agents must register with CAC.
  • You risk arrest or closure if you operate without a CAC certificate.
  • It helps to build trust with your customers.
  • A registered business can access bank loans, grants, and other financial support.
  • You’ll get a Tax Identification Number (TIN), which is often needed for business accounts and contracts.

What Type of Registration Do You Need?

For most small PoS operators, you only need a Business Name Registration. This is the simplest and most affordable CAC registration. It’s perfect if:

  • You’re running the PoS as an individual
  • You’re not working with shareholders or directors
  • You want to use a trade name like “FastCash Ventures” or “Ayo PoS Services”

But if you’re running a larger setup or want to scale up in the future, you may consider registering a Limited Liability Company (LLC).

Let’s walk you through the process using the Business Name Registration, which suits most PoS agents.

Step-by-Step Guide to Register Your PoS Business with CAC

Step 1: Choose a Business Name

You need a unique name for your PoS business. It can be something simple and memorable, like:

  • “QuickPay Ventures”
  • “Tunde PoS Services”
  • “SpeedCash Solutions”

Have at least 2 name options, in case your first choice is taken.

Step 2: Check if the Name is Available

The CAC portal lets you check if your name is available. But it’s not always straightforward.

Sometimes, a name may seem available but gets rejected because it’s too similar to an existing name.

Tip: Let a CAC expert or agent help you check the name properly to avoid delay or rejection.

Step 3: Reserve Your Business Name

Once your name is confirmed to be free, the next step is to reserve it officially on the CAC portal.

Name reservation usually lasts for 60 days, giving you time to complete the full registration.

Step 4: Provide Your Business Details

You’ll need to give the following information:

  • Business Address: Where your PoS shop or kiosk is located (can be home-based too)
  • Nature of Business: This is your business activity — simply write something like “Point-of-Sale Services,” “Cash Transfers,” or “Mobile Money Operations”
  • Your Name: As the owner of the business
  • Date of Commencement: When you started the business or plan to start

Step 5: Pay the Required Fees

The CAC fee for Business Name Registration is usually between ₦40,000  – #50,000 depending on whether you’re doing it yourself or through an expert.

Some agents charge a bit extra because they handle everything for you — name search, application, payment, and follow-up.

At MyDigitalHandle, we offer fast and affordable business name registration starting from just ₦35,000 all-inclusive, with support and guidance from start to finish.

Step 6: Submit Your Application

After filling in your details and making the payment, your application will be reviewed by CAC.

This stage can take a few working days 3-7 days, depending on the queue and correctness of your application.

That’s why it’s better to work with professionals — they catch errors early and avoid back-and-forth delays.

Step 7: Get Your CAC Certificate and TIN

Once approved, you will receive:

  • Certificate of Business Name Registration
  • CAC Registration Number
  • Status Report (shows business owner’s name, address, and registration details)
  • TIN Certificate (Tax Identification Number, issued by FIRS)

You’ll receive these documents in soft copy (PDF), sent to your email. You can print them out if needed.

Extra Tip: Open a Business Bank Account

After registration, you can now open a business bank account using your CAC certificate and TIN. Most fintech partners and banks will now require this before allowing you to operate as a PoS agent under their platform.

What Happens If You Don’t Register?

The consequences of skipping CAC registration are serious:

  • Your business may be shut down during inspections
  • You could get arrested or fined
  • You may lose your PoS machine or fintech partnership
  • You won’t be able to open a business account or access loans
  • You lose trust from customers and financial institutions

How MyDigitalHandle Can Help You

At MyDigitalHandle, we understand how confusing and frustrating CAC registration can be — especially if it’s your first time.

That’s why we offer a done-for-you service that handles:

– Business name search and reservation
– CAC form completion
– Payment of government fees
– Application submission
– TIN processing
– Delivery of all documents to your email

No stress. No errors. No delays.

You focus on growing your business, we handle the registration.

Final Thoughts

Running a PoS business in Nigeria can be a smart way to earn a steady income. But now, more than ever, it’s important to run it legally and professionally.

By registering your business with CAC, you show that you’re serious, trustworthy, and ready for growth. It’s not just about avoiding arrest — it’s about positioning yourself for opportunities like grants, bank loans, fintech partnerships, and more.

Don’t wait until you get into trouble. Register your PoS business today.

Contact us at MyDigitalHandle, and we’ll take care of everything for you — fast, easy, and affordable.

Frequently Asked Questions (FAQs)

1. How much does it cost to register a POS business with CAC?

It costs ₦35,000 for a Business Name and ₦65,000+ for a Company Name (LLC). This includes expert processing and TIN.

2. What documents do I need to register my POS business?

You’ll need your name, address, phone number, NIN or valid ID, and 2–3 name options.

3. Can I register my POS business myself?

Yes, but it’s not advised unless you understand the CAC portal. One mistake can delay or cancel your application. It’s safer to use a CAC expert.

4. Is a Business Name enough for POS registration?

Yes. A Business Name is accepted by most POS providers. But if you want more structure or plan to expand, go for a Company Name.

5. Do I need to register with CAC if I already have a POS machine?

Yes. Even if you already operate a POS, you still need to register before the deadline to avoid deactivation or legal issues.

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