Key Points
- By the end of this post, you’ll understand how to register your PoS Business with CAC
- If you’re an independent PoS business owner, running a kiosk, a shop, a table stand, or a mobile agent business, you must register
- It’s another day with another headline designed to shake small business owners: “CAC to shut illegal PoS operators
- But let’s be honest here – most PoS operators are not “illegal
- How to Register Your PoS Business with CAC Most PoS operators only need these steps
Register Your PoS Business with CAC TODAY!
It’s another day with another headline designed to shake small business owners:
“CAC to shut illegal PoS operators. Register by January 1.”
Of course, every major news outlet has already amplified it, Punch, Vanguard, Nairametrics. And now everyone’s asking the same question in WhatsApp groups:
“Will they shut down my PoS business?”
Before you panic or start imagining CAC officials unplugging terminals from kiosks, let’s break this down properly, without the usual social-media confusion that spreads faster than actual information.
Because there’s the news. And then there’s the truth. By the end of this post, you’ll understand how to register your PoS Business with CAC.
What Exactly Did CAC Say?
The Corporate Affairs Commission wants all PoS operators registered by January 1. Their official reason? Too many fraud cases linked to nameless, unregistered PoS operators. Need for proper KYC. Cleaning up the fintech ecosystem.
Standard regulatory language.
But let’s be honest here – most PoS operators are not “illegal.” They’re just unregistered. The wording makes people sound like criminals when they’re really just small business owners trying to survive. This is not a police raid announcement. It’s a compliance deadline.
There’s a difference. And the difference matters.
Who Does This Actually Affect?
Not everyone. And definitely not in the same way.
If you’re an independent PoS business owner, running a kiosk, a shop, a table stand, or a mobile agent business, you must register. No way around it.
If you operate under a bank or fintech brand like GTBank, Opay, or Moniepoint, you still need a registered business. All these platforms require proper KYC. This change just tightens the rules and closes the gaps people were using.
If you’re a sole operator using your personal name, this is squarely aimed at you. CAC wants structure. That’s all.
Now, here’s the part everybody keeps missing.
What Type of CAC Registration Is Best for PoS Operators?
This is where misinformation is flying everywhere. People are overthinking this.
Business Name (BN) is the right choice for 95% of PoS operators. It’s cheaper, faster, and fits the scale of most PoS businesses. You get a registered name, CAC certificate, TIN, the ability to open a business bank account, and trust from customers.
That’s everything you actually need.
Limited Liability Company (LLC) is only necessary if you’re building a big agency network, multiple branches, hiring staff, expanding into agency banking at scale. If that’s not you, Business Name is enough. Don’t complicate it.
If you want a clean breakdown of when to upgrade, see our detailed guide: How to Upgrade from Business Name to Limited Liability
How Much Will Registration Cost?
Thanks to the August 2025 fee updates:
Business Name: ₦21,000 official CAC fee (remita: N161.25) – professional fee not included
Company: ₦25,000–₦50,000+ depending on share capital (Professional fee not included)
We broke down every new CAC fee here: New CAC Fees 2025: Full List of Increased Prices (Effective August 1)
If you want us to handle it end-to-end, Qrafteq can do it for you. No stress.
What If You Ignore the Deadline?
Let’s clear the fear first: CAC is not coming to shut down every PoS kiosk on January 1. That’s not how government compliance works in Nigeria. It never happens overnight.
But here’s what will happen.
Banks and fintechs may start requiring your CAC number before renewing your agent credentials. You may lose access to your PoS dashboard if your KYC is incomplete. You won’t be able to defend yourself if wrongly flagged for fraud, and trust me, wrong flags happen all the time. You’ll be locked out of any future compliance updates. And you can’t scale because partners now require proper registration.
So it’s not about “shutdown.” It’s about access, trust, and survivability in a heavily regulated industry.
The operators who wait will find themselves stuck, explaining why they didn’t register when everyone else did. And nobody wins that conversation.
How to Register Your PoS Business with CAC
Most PoS operators only need these steps. Nothing complicated.
Pick a simple business name. Use something clean like SwiftPay Agent Services, Brightline POS Hub, or Faraday Payments. Avoid long or complicated names. CAC doesn’t like confusion.
Submit your details. You’ll need your name, phone number, address, passport photo, and email. Nothing exotic.
CAC processes your registration. Takes 3–7 working days. Sometimes faster if their servers are behaving.
Get your certificate and TIN. This is what banks and fintechs will request when they tighten enforcement.
If you want the painless route, Qrafteq can handle the full setup for you, fast, clean, no drama.
Final Word
This CAC update isn’t the end of PoS businesses. It’s just the ecosystem maturing—and everyone is being asked to level up or get left behind.
If you’ve been delaying registration because you thought you could slide through unnoticed, now is the time to get it done. Before banks start tightening their KYC. Before aggregators start asking questions. Before you’re stuck explaining why you ignored a deadline everyone saw coming.
Want Qrafteq to register your PoS business quickly?
We handle Business Name registration, TIN, business account setup guidance, and compliance support.
👉 Send a message and we’ll set everything up fast, no complications, no back-and-forth, no surprises.
