The Corporate Affairs Commission has extended the period that those who want to register business names could enjoy cost reduction.

The Commission stated that beyond slashing business name registration from ten thousand to five thousand, it has also extended the duration of the initiative till March thirty-first, twenty-nineteen.

The body added that the extension was to enable more micro, small and medium enterprises to formalize their businesses, which will enable them to own corporate account with banks, have access to loans, grants and other government interventions.

It however enjoined members of the public to take advantage of this window, to register their Business Names at the reduced cost of five thousand naira after the Name Reservation of five hundred naira.