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

This is the most updated and current minimum share capital threshold for company registration in Nigeria.

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