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
- ISSUING HOUSE 200 Million
Securities and Exchange
Commission Guidelines
on New Minimum
Share Capital for
Market Operators - BROKER/DEALER 300Million
- TRUSTEE 300 Million
- FUND/PORTFOLIO MANAGER 150 Million
- STOCK BROKER 200 Million
- STOCK DEALER 100 Million
- CORPORATE INVESTMENT
ADVISER (REGISTRAR)
150 Million - CORPORATE INVESTMENT
ADVISER
5 Million - INDIVIDUAL INVESTMENT
ADVISER
2 Million - MARKET MAKER 2 Billion
- CONSULTANT (PARTNERSHIP) 2 Million
- CONSULTANT (INDIVIDUAL) 500,000
- CONSULTANT (CORPORATE) 5 Million
- UNDERWRITER 200 Million
- VENTURE CAPITAL MANAGER 20 Million
- COMMODITIES BROKER 40 Million
- CAPITAL TRADE POINT 20 Million
- RATING AGENCY 150 Million
- CORPORATE/SUB BROKER 5 Million
- COMMERCIAL BANK WITH
REGIONAL AUTHORIZATION
10 Billion CBN Scope and
Standards Commercial - COMMERCIAL BANK WITH Regulations 2020
NATIONAL AUTHORIZATION
25 Billion - COMMERCIAL BANK WITH 50 Billion
INTERNATIONAL
AUTHORIZATION - MERCHANT BANK 15 Billion CBN Scope, Condition
and Minimum Standard
for Merchant Banks
Regulation 2, 2010 - MICRO FINANCE BANK (UNIT) Tier 1:
200 Million
CBN Regulations
Tier 2:
50 Million - MICRO FINANCE BANK
(STATE & FCT)
1 Billion - MICRO FINANCE BANK
(NATIONAL)
5 Billion - PRIMARY MORTGAGE
INSTITUTION
2 Billion - FINANCE COMPANY 20 Million
- BUREAU DE CHANGE 35 Million
- NON INTEREST BANK
(REGIONAL)
5 Billion - NON INTEREST BANK
(NATIONAL)
10 Billion - INSURANCE BROKER 5 Million Nigerian Council of
Registered Insurance
Brokers Act, 2003 - LIFE INSURANCE 2 Billion Guideline on Insurance
Sector Reform and
Consolidation - GENERAL INSURANCE 3 Billion Section 9 (4), Insurance
Act and Regulation
2003 - RE-INSURANCE 10 Billion Section 9 (4), Insurance
Act and Regulation
2003 - 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 - PENSION FUND/ASSET
CUSTODIAN
2 Billion Requirements for
Licensing of Pension
Fund Custodians (FEB
2005);
Section 40 (2)(a)
Pension Reform Act,
2004 - CLOSED PENSION FUND 500 Million
- PENSION FUND
ADMINISTRATOR
1 Billion - LOTTERY 5 Million Section 2 (1), National
Lotteries (Amendment)
Regulation, 2007 - AIR TRANSPORT
(INTERNATIONAL)
2 Billion Nigerian Civil Aviation
Authority - AIR TRANSPORT (REGIONAL) 1 Billion
- AIR TRANSPORT (LOCAL) 500 Million
- AIR
AMBULANCE/FUMIGATION/
PRIVATE JET
20 Million - AVIATION (GROUND
HANDLING SERVICES)
500 Million - AVIATION (AIR TRANSPORT 2 Million
TRAINING INSTITUTIONS) - AGENTS OF FOREIGN
AIRLINES
1 Million - AGRICULTURAL SEEDS,
PRODUCTIONS, PROCESSING,
MARKETING
10 Million NASA Cap 5, LFN, 2004 - SHIPPING COMPANY/AGENT 25 Million NIMASA Guidelines for
- CABOTAGE TRADE 25 Million Registration
- LIFE MICRO-INSURANCE 150 Million Guideline for MicroFinance Operations in
Nigeria (NAICOM),
December, 2013 - GENERAL MICRO-INSURANCE 200 Million
- FREIGTH FORWARDING 5 Million Registration of Freight
Forwarding Regulation
2010 - MICROFINANCE BANK (TIER 1
UNIT)
100 Million by
April, 2020
CBN Revised
Regulations 2019
200 Million by
April, 2021 - MICROFINANCE BANK (TIER 2
UNIT)
35 Million by
April, 2020
50 Million by
April, 2021 - MICROFINANCE BANK (STATE
& FCT)
500 Million by
April, 2020
1 Billion by April,
2021 - MICROFINANCE BANK
(NATIONAL)
3.5 Billion by
April, 2020
5 Billion by April,
2021 - PAYMENT SERVICE BANK 5 Billion
- LIFE INSURANCE 2 Billion
Currently
National Insurance
Commission Revised
8 Billion by 31 Regulations 2019 st
December, 2020 - GENERAL INSURANCE 3 Billion
Currently
10 Billion by 31st
December, 2020 - COMPOSITE INSURANCE 5 Billion
Currently
18 Billion by 31st
December, 2020 - RE-INSURANCE 10 Billion
Currently
20 Billion by 31st
December, 2020
This is the most updated and current minimum share capital threshold for company registration in Nigeria.
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