Do you want to How Much to File Annual Returns for a Business Name in Nigeria? If yes, this guide is for you.

If you run a business name in Nigeria, filing your annual returns is one of the most important legal obligations you must fulfil.
Unfortunately, many business owners either forget to file or don’t understand the cost, which often leads to penalties, extra fees, or even the risk of having their business struck off the CAC register.

So, how much does it cost to file annual returns for a business name in Nigeria?
This comprehensive guide breaks it down clearly, shows you the official CAC fees, explains penalties, and highlights the easiest way to file without stress.

What Are Annual Returns for a Business Name?

Annual returns are a yearly statement every registered business name must submit to the Corporate Affairs Commission (CAC) to confirm that the business is still active and compliant.

It is NOT the same as tax filing.

Annual returns simply tell the CAC:

• Your business is still operating
• Your business information is up to date
• You are compliant with regulatory requirements

Failing to file can lead to penalties or legal issues.

How Much Does It Cost to File Annual Returns for a Business Name in Nigeria?

Here is the official CAC-approved fee structure for filing annual returns for a business name:

✅ Annual Return Filing Fee (Business Name): ₦5,000

This is the standard filing fee when filing your return for the current year.

✅ Late Filing Fee (Penalty): ₦5,000 per year of default

If you miss a year, you must pay:

• ₦5,000 for the filing
• ₦5,000 penalty

Meaning the total is ₦10,000 per year for each year you default.

Example Calculation

If you have not filed for 3 years, the total cost will be:

• Filing fee: ₦5,000 × 3 years = ₦15,000
• Penalties: ₦5,000 × 3 years = ₦15,000
• Grand total = ₦30,000

When Should You File Annual Returns?

For Business Names:

• You must file every year
• You are not required to file in the first year of registration
• Filing should be done not later than June 30th of each calendar year

Why Filing Annual Returns Is Important

Many business owners ignore annual returns because they think it’s not important — until CAC imposes penalties or blocks them from updating their business documents.

Here’s why you must take it seriously:

✔ Avoid Penalties

Every missed year attracts a ₦5,000 penalty.

✔ Keep Your Business Active

Ignorance or delay can cause your business name to be delisted.

✔ Helps With Loan Applications

Banks often request proof that your business is CAC compliant.

✔ Necessary for Government Contracts

You can’t bid for most government or private sector jobs without CAC compliance.

Can You File Annual Returns Yourself?

Yes, you can — but many business owners find the CAC portal:

• Slow
• Confusing
• Technical
• Time-consuming

This is why thousands of business owners prefer to use accredited consultants like Skypro Professional Services to handle it quickly and correctly.

What are the Documents Required to File Annual Returns for a Business Name

To file your annual returns, you will need:

• Your Business Name Registration Certificate
• Your Business Name Number (BN Number)
• Valid ID of the proprietor
• Any updated business information (if applicable)

How Skypro Professional Services Can Help to File Annual Returns

At Skypro Professional Services, we help business owners:

• File annual returns fast
• Clear outstanding penalties
• Update business information
• Maintain CAC compliance
• Avoid being delisted

We save you time and ensure your business stays legally protected.

Conclusion: How Much to File Annual Returns for a Business Name in Nigeria?

Filing annual returns for a business name in Nigeria is a simple, affordable, and essential process. It costs only ₦5,000 when completed on time, but delays attract penalties that can accumulate quickly.

Don’t wait until CAC penalties pile up or your business becomes non-compliant.

Need Help Filing Your Annual Returns?

Skypro Professional Services can file your annual returns within 24–48 hours.

📞 Call/WhatsApp: +234 9064646156
📧 Email: info@skyproservices.com.ng

Stay compliant. Stay protected. Stay in business.