CAC says AI portal handles 11,000 daily transactions
By Lucy Ogalue
The Corporate Affairs Commission (CAC) says its Artificial Intelligence (AI) business registration portal now processes over 11,000 transactions daily, despite some ongoing challenges.
In a statement on Sunday, CAC management said it was working to address identity verification and payment difficulties affecting smooth portal operations.
Launched on June 30, the AI system issues registration certificates within 30 minutes, once a director’s National Identification Number (NIN) is confirmed.
The new workflow allows users to test multiple business names without paying upfront, reducing start-up costs and eliminating repeated name search fees.
According to the commission, about 8,000 name reservations were processed in one day—work that previously took nearly tw...


















