Having a business idea,and getting through the hurdles for the registration of the business are two different issues.

There are basic requirements,one need to meet up with before he /she can register a company in Nigeria,most business men who had interest in registering a private security firm,have actually being surprised to learn about the required minimum share capital,that the company must have before it can be legally registered in Nigeria,if it has these objects.let me proceed and provide you with an insight now,before you can register a private security firm in Nigeria,the company must have atleast 10m shares capital,fully subscribed to by the share holders of the company.

lets give you a little insight about the minimum threshold of share capital,for registration of some companies,with the objects mentioned below.

please note that you are not required to have these amounts,(share capital )in your bank account before you can register,it only means,you are required to pay charges,these share capital will attract at the relevant government agencies,corporate affairs commission and stamp duty office.

S/NTYPE OF COMPANYMINIMUM SHARE CAPITALJUSTIFICATION
1.ISSUING HOUSE200 MillionSecurities And Exchange Commission guidelines on new minimum share capital for Market Operators.
2.BROKERS/DEALERS300 Million
3.TRUSTEES300 Million
4.FUND/PORTFOLIO MANAGERS150 Million
5.STOCK BROKERS200 Million
6.STOCK DEALERS100 million
7. INTER-DEALER BROKER (IDB)50 Million
8.CORPORATE INVESTMENT ADVISER( REGISTRAR)150 Million
9.CORPORATE INVESTMENT ADVISER5 Million
10.INDIVIDUAL INVESTMENT ADVISER2 Million
11.MARKET MAKER2 Billion
12.CONSULTANT PARTNERSHIP2 Million
13.CONSULTANT INDIVIDUAL500,000
14.CONSULTANT CORPORATE5 Million
15.UNDER WRITER200 Million
16.VENTURE CAPITAL MANAGER20 Million
17.   COMMODITIES EXCHANGE500 Million
18.COMMODITIES BROKER40 Million
19.CAPITAL TRADE POINT20 Million
20.RATING AGENCY150 Million
21.CORPORATE/SU BROKER     5 Million 
22.COMMERCIAL BANK WITH REGIONAL AUTHORIZATION10 BillionCBN Scope conditions and minimum Standards for Commercial Banks Regulations 2010.
23.COMMERCIAL BANKS WITH NATIONAL AUTHORIZATION25 Billion
24.COMMERCIAL BANKS WITH INTERNATIONAL AUTHORIZATION50 Billion
25. MERCHANT BANKS 15 BillionCBN Scope, Condition and minimum Standard for Merchant Banks Regulation No 2, 2010.
26.MICRO FINANCE BANK (UNIT)20 MillionCBN Regulations
27.MICRO FINANCE BANK (STATE & FCT)100 Million
28.MICRO FINANCE BANK (NATIONAL)2 Billion
29.PRIMARY MORTGAGE INSTITUTIONS2 Billion
30.FINANCE COMPANY20 Million
31.BUREAU DE CHANGE35 Million
32.NON INTEREST BANKS (REGIONAL)5 Billion
33.NON INTEREST BANKS (NATIONAL)10 Billion
34.INSURANCE BROKERS5 MillionNIGERIAN COUNCIL OF REGISTERED INSURANCE BROKERS ACT, 2003
35. LIFE INSURANCE 2 BillionGuidelines on Insurance Sector reform and Consolidation made.
36.GENERAL INSURANCE BUSINESS3 BillionS. 9 (4) Insurance Act and Regulation 2003.
37. RE INSURANCE BUSINESS 10 BillionPursuant to S. 9(4) Insurance Act and Regulation 2003.
38.LIFE MICROINSURANCE BUSINESS150 MillionGUIDELINES FOR MICROINSURANCE OPERATIONS IN NIGERIA, NATIONAL INSURANCE COMMISSION, DECEMBER 2013.
39.GENERAL MICROINSURANCE BUSINESS200 Million
40.    GENERAL TAKAFUL/FAMILY TAKAFUL200 MillionNational Insurance Commission (NAICOM) RegistrationRequirement for Takaful Operators in Nigeria. March 2013
41.      PRIVATE SECURITY COMPANY/CONSULTANT   10 MillionGuidelines on requirements for registration of Private Guard Security Companies made pursuant to Nigeria Security and Civil Defense Corp Act No. 2 of 2003.
42.PENSION FUND/ASSET CUSTODIANS2 BillionRequirement for licensing of Pension Fund Custodians (FEB 2005).S. 40 (2) (a) Pension Reform Act 2004.
43.CLOSED PENSION FUND500 Million
44.PENSION FUND ADMINISTRATORS1 Billion
45.HEALTH MAINTENANCE ORGANISATIONS (HMOs) (NATIONAL)400 MillionNational Health Insurance Scheme, HMO Accreditation Guidelines
46.HEALTH MAINTENANCE ORGANISATIONS (HMOs) (ZONAL)200Million
47.HEALTH MAINTENANCE ORGANISATIONS (HMOs) (STATE)100 Million
48.LOTTERIES5 MillionS. 2 (1) National Lotteries (Amendment) Regulations, 2007
49.   SPORT LOTTERY BUSINESSES30 MILLION + AIPNational Lottery Regulatory Commission
50.AIR TRANSPORT (INTERNATIONAL)2 BillionNigerian Civil Aviation AuthorityNigerian Civil Aviation Authority
51.AIR TRANSPORT (REGIONAL)1 Billion
52.AIR TRANSPORT (LOCAL)500 Million
53.AIR AMBULANCE/FUMIGATION/PRIVATE JET 20 Million
54.   updated 02/11/15AERIAL AVIATION SERVICES20 Million
55. AVIATION (Ground Handling Services) 500 Million
56.AVIATION (AIR TRANSPORT TRAINING INSTITUTIONS)2 Million
57.AGENTS OF FOREIGN AIRLINES1 Million
58. AGRICULTURAL SEEDS, PRODUCTIONS, PROCESSING AND MARKETING 10 MillionNASA CAP 5. LFN 2004
59. SHIPPING COMPANY/AGENT 25 MillionNIMASA GUIDELINES FOR REGISTRATION.
60. CABOTAGE TRADE 25 MillionNIMASA GUIDELINES FOR REGISTRATION.
61.FREIGHT FORWARDING5 MILLION(Registration of Freight forwarding) Regulation 2010.

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3 thoughts on “Nigeria: minimum share capital for company registration.”
  1. Please if I want to register for youth association, how can it happen…

    Thanks
    Mare Adeshola Ibrahim.

    1. Thanks for your question,registration of an association starts with,an application for name search and consent.we require from you the list of the members of the association,their phone numbers,identity cards,the association will indicate who is the president/chairman,the vice-chairman and secretary of the association,

    2. Good day,we can help you with the registration,we howver need to know the number of the founding trustees of the youth association.

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