We are providing you with the updated list of the minimum share capital threshold for registering companies in Nigeria read and see the thresholds of different companies.

PRESCRIBED MINIMUM SHARE CAPITAL FOR DESIGNATED COMPANIES TYPE OF COMPANY MINIMUM
SHARE CAPITAL
(AND LEGAL)
JUSTIFICATION

  1. ISSUING HOUSE 200 Million
    Securities and Exchange
    Commission Guidelines
    on New Minimum
    Share Capital for
    Market Operators
  2. BROKER/DEALER 300Million
  3. TRUSTEE 300 Million
  4. FUND/PORTFOLIO MANAGER 150 Million
  5. STOCK BROKER 200 Million
  6. STOCK DEALER 100 Million
  7. CORPORATE INVESTMENT
    ADVISER (REGISTRAR
    )
    150 Million
  8. CORPORATE INVESTMENT
    ADVISER

    5 Million
  9. INDIVIDUAL INVESTMENT
    ADVISER

    2 Million
  10. MARKET MAKER 2 Billion
  11. CONSULTANT (PARTNERSHIP) 2 Million
  12. CONSULTANT (INDIVIDUAL) 500,000
  13. CONSULTANT (CORPORATE) 5 Million
  14. UNDERWRITER 200 Million
  15. VENTURE CAPITAL MANAGER 20 Million
  16. COMMODITIES BROKER 40 Million
  17. CAPITAL TRADE POINT 20 Million
  18. RATING AGENCY 150 Million
  19. CORPORATE/SUB BROKER 5 Million
  20. COMMERCIAL BANK WITH
    REGIONAL AUTHORIZATION

    10 Billion CBN Scope and
    Standards Commercial
  21. COMMERCIAL BANK WITH Regulations 2020
    NATIONAL AUTHORIZATION

    25 Billion
  22. COMMERCIAL BANK WITH 50 Billion
    INTERNATIONAL

    AUTHORIZATION
  23. MERCHANT BANK 15 Billion CBN Scope, Condition
    and Minimum Standard
    for Merchant Banks
    Regulation 2, 2010
  24. MICRO FINANCE BANK (UNIT) Tier 1:
    200 Million
    CBN Regulations
    Tier 2:
    50 Million
  25. MICRO FINANCE BANK
    (STATE & FCT)
    1 Billion
  26. MICRO FINANCE BANK
    (NATIONAL)

    5 Billion
  27. PRIMARY MORTGAGE
    INSTITUTION

    2 Billion
  28. FINANCE COMPANY 20 Million
  29. BUREAU DE CHANGE 35 Million
  30. NON INTEREST BANK
    (REGIONAL)

    5 Billion
  31. NON INTEREST BANK
    (NATIONAL)

    10 Billion
  32. INSURANCE BROKER 5 Million Nigerian Council of
    Registered Insurance
    Brokers Act, 2003
  33. LIFE INSURANCE 2 Billion Guideline on Insurance
    Sector Reform and
    Consolidation
  34. GENERAL INSURANCE 3 Billion Section 9 (4), Insurance
    Act and Regulation
    2003
  35. RE-INSURANCE 10 Billion Section 9 (4), Insurance
    Act and Regulation
    2003
  36. PRIVATE SECURITY
    COMPANY/CONSULTANT

    10 Million Guideline on
    Requirements for
    Registration of Private
    Guard Security
    Companies made
    Pursuant to Nigerian
    Security and Civil
    Defence Corp Act No. 2
    of 2003
  37. PENSION FUND/ASSET
    CUSTODIAN

    2 Billion Requirements for
    Licensing of Pension
    Fund Custodians (FEB
    2005);
    Section 40 (2)(a)
    Pension Reform Act,
    2004
  38. CLOSED PENSION FUND 500 Million
  39. PENSION FUND
    ADMINISTRATOR

    1 Billion
  40. LOTTERY 5 Million Section 2 (1), National
    Lotteries (Amendment)
    Regulation, 2007
  41. AIR TRANSPORT
    (INTERNATIONAL)

    2 Billion Nigerian Civil Aviation
    Authority
  42. AIR TRANSPORT (REGIONAL) 1 Billion
  43. AIR TRANSPORT (LOCAL) 500 Million
  44. AIR
    AMBULANCE/FUMIGATION/
    PRIVATE JET

    20 Million
  45. AVIATION (GROUND
    HANDLING SERVICES)

    500 Million
  46. AVIATION (AIR TRANSPORT 2 Million
    TRAINING INSTITUTIONS)
  47. AGENTS OF FOREIGN
    AIRLINES

    1 Million
  48. AGRICULTURAL SEEDS,
    PRODUCTIONS, PROCESSING,
    MARKETING

    10 Million NASA Cap 5, LFN, 2004
  49. SHIPPING COMPANY/AGENT 25 Million NIMASA Guidelines for
  50. CABOTAGE TRADE 25 Million Registration
  51. LIFE MICRO-INSURANCE 150 Million Guideline for MicroFinance Operations in
    Nigeria (NAICOM),

    December, 2013
  52. GENERAL MICRO-INSURANCE 200 Million
  53. FREIGTH FORWARDING 5 Million Registration of Freight
    Forwarding Regulation
    2010
  54. MICROFINANCE BANK (TIER 1
    UNIT)
    100 Million by
    April, 2020
    CBN Revised
    Regulations 2019
    200 Million by
    April, 2021
  55. MICROFINANCE BANK (TIER 2
    UNIT)

    35 Million by
    April, 2020
    50 Million by
    April, 2021
  56. MICROFINANCE BANK (STATE
    & FCT)

    500 Million by
    April, 2020
    1 Billion by April,
    2021
  57. MICROFINANCE BANK
    (NATIONAL)

    3.5 Billion by
    April, 2020
    5 Billion by April,
    2021
  58. PAYMENT SERVICE BANK 5 Billion
  59. LIFE INSURANCE 2 Billion
    Currently
    National Insurance
    Commission Revised
    8 Billion by 31 Regulations 2019 st
    December, 2020
  60. GENERAL INSURANCE 3 Billion
    Currently

    10 Billion by 31st
    December, 2020
  61. COMPOSITE INSURANCE 5 Billion
    Currently
    18 Billion by 31st
    December, 2020
  62. RE-INSURANCE 10 Billion
    Currently
    20 Billion by 31st
    December, 2020
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This is the most updated and current minimum share capital threshold for company registration in Nigeria.

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