Companies in Nigeria deal with several regulators and filing requirements. The businesses that stay out of trouble are the ones that treat compliance as a calendar, not a crisis. Here is a practical way to organise it.
Corporate and registry matters
- File annual returns with the Corporate Affairs Commission (CAC) as required under the Companies and Allied Matters Act (CAMA).
- Keep statutory registers, such as the register of members and directors, up to date.
- Record board decisions in minutes and resolutions, and keep them on file.
- Notify the registry of changes in directors, address or share capital.
Tax matters
- Make sure the company is registered for the taxes that apply to it and holds a valid tax identification number.
- File company income tax and VAT returns, where applicable, on time.
- Deduct and remit withholding tax and PAYE by the due dates.
- Obtain tax clearance documents when tenders, contracts or banks ask for them.
Sector and other obligations
- Check whether your industry regulator has its own reporting rules.
- Comply with data protection requirements if you collect customers' personal information.
- Keep contracts, licences and permits in one place with their renewal dates.
Build a compliance calendar
List every filing, its due date and who is responsible, then set reminders two weeks ahead. Review the list each quarter. Rules change, particularly after the 2026 tax reform, so confirm current requirements with a professional before each cycle.
This article is general information, not tax, legal or financial advice. Rules change and every business is different, so speak to a qualified professional about your situation.
