| S/N | TYPE OF COMPANY | MINIMUM SHARE CAPITAL | JUSTIFICATION |
| 1. | ISSUING HOUSE | 200 Million | Securities And Exchange Commission guidelines on new minimum share capital for Market Operators. |
| 2. | BROKERS/DEALERS | 300 Million | |
| 3. | TRUSTEES | 300 Million | |
| 4. | FUND/PORTFOLIO MANAGERS | 150 Million | |
| 5. | STOCK BROKERS | 200 Million | |
| 6. | STOCK DEALERS | 100 million | |
| 7. |
INTER-DEALER BROKER (IDB) |
50 Million | |
| 8. | CORPORATE INVESTMENT ADVISER
( REGISTRAR) |
150 Million | |
| 9. | CORPORATE INVESTMENT ADVISER | 5 Million | |
| 10. | INDIVIDUAL INVESTMENT ADVISER | 2 Million | |
| 11. | MARKET MAKER | 2 Billion | |
| 12. | CONSULTANT PARTNERSHIP | 2 Million | |
| 13. | CONSULTANT INDIVIDUAL | 500,000 | |
| 14. | CONSULTANT CORPORATE | 5 Million | |
| 15. | UNDER WRITER | 200 Million | |
| 16. | VENTURE CAPITAL MANAGER | 20 Million | |
| 17. updated 01/03/17 | COMMODITIES EXCHANGE | 500 Million | |
| 18. | COMMODITIES BROKER | 40 Million | |
| 19. | CAPITAL TRADE POINT | 20 Million | |
| 20. | RATING AGENCY | 150 Million | |
| 21. | CORPORATE/SU BROKER | 5 Million
|
|
| 22. | COMMERCIAL BANK WITH REGIONAL AUTHORIZATION | 10 Billion | CBN Scope conditions and minimum Standards for Commercial Banks Regulations 2010. |
| 23. | COMMERCIAL BANKS WITH NATIONAL AUTHORIZATION | 25 Billion | |
| 24. | COMMERCIAL BANKS WITH INTERNATIONAL AUTHORIZATION | 50 Billion | |
| 25. |
MERCHANT BANKS |
15 Billion |
CBN Scope, Condition and minimum Standard for Merchant Banks Regulation No 2, 2010. |
| 26. | MICRO FINANCE BANK (UNIT) | 20 Million | CBN Regulations |
| 27. | MICRO FINANCE BANK (STATE & FCT) | 100 Million | |
| 28. | MICRO FINANCE BANK (NATIONAL) | 2 Billion | |
| 29. | PRIMARY MORTGAGE INSTITUTIONS | 2 Billion | |
| 30. | FINANCE COMPANY | 20 Million | |
| 31. | BUREAU DE CHANGE | 35 Million | |
| 32. | NON INTEREST BANKS (REGIONAL) | 5 Billion | |
| 33. | NON INTEREST BANKS (NATIONAL) | 10 Billion | |
| 34. | INSURANCE BROKERS | 5 Million | NIGERIAN COUNCIL OF REGISTERED INSURANCE BROKERS ACT, 2003 |
| 35. |
LIFE INSURANCE |
2 Billion |
Guidelines on Insurance Sector reform and Consolidation made. |
| 36. | GENERAL INSURANCE BUSINESS | 3 Billion | S. 9 (4) Insurance Act and Regulation 2003. |
| 37. |
RE INSURANCE BUSINESS |
10 Billion |
Pursuant to S. 9(4) Insurance Act and Regulation 2003.
|
| 38. | LIFE MICROINSURANCE BUSINESS | 150 Million | GUIDELINES FOR MICROINSURANCE OPERATIONS IN NIGERIA, NATIONAL INSURANCE COMMISSION, DECEMBER 2013. |
| 39. | GENERAL MICROINSURANCE BUSINESS | 200 Million | |
| 40. updated 22/11/16 | GENERAL TAKAFUL/FAMILY TAKAFUL | 200 Million | National Insurance Commission (NAICOM) Registration
Requirement for Takaful Operators in Nigeria. March 2013 |
| 41. |
PRIVATE SECURITY COMPANY/CONSULTANT |
10 Million |
Guidelines 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 CUSTODIANS | 2 Billion | Requirement for licensing of Pension Fund Custodians (FEB 2005).
S. 40 (2) (a) Pension Reform Act 2004. |
| 43. | CLOSED PENSION FUND | 500 Million | |
| 44. | PENSION FUND ADMINISTRATORS | 1 Billion | |
| 45. | HEALTH MAINTENANCE ORGANISATIONS (HMOs) (NATIONAL) | 400 Million | National Health Insurance Scheme, HMO Accreditation Guidelines |
| 46. | HEALTH MAINTENANCE ORGANISATIONS (HMOs) (ZONAL) | 200Million | |
| 47. | HEALTH MAINTENANCE ORGANISATIONS (HMOs) (STATE) | 100 Million | |
| 48. | LOTTERIES | 5 Million | S. 2 (1) National Lotteries (Amendment) Regulations, 2007
|
| 49. updated 11/8/15 | SPORT LOTTERY BUSINESSES | 30 MILLION + AIP | National Lottery Regulatory Commission |
| 50. | AIR TRANSPORT (INTERNATIONAL) | 2 Billion |
Nigerian Civil Aviation Authority
Nigerian 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 02/11/15 | AERIAL AVIATION SERVICES | 20 Million | |
| 55. |
AVIATION (Ground Handling Services) |
500 Million |
|
| 56. | AVIATION (AIR TRANSPORT TRAINING INSTITUTIONS) | 2 Million | |
| 57. | AGENTS OF FOREIGN AIRLINES | 1 Million | |
| 58. |
AGRICULTURAL SEEDS, PRODUCTIONS, PROCESSING AND MARKETING |
10 Million |
NASA CAP 5. LFN 2004 |
| 59. |
SHIPPING COMPANY/AGENT |
25 Million |
NIMASA GUIDELINES FOR REGISTRATION. |
| 60. |
CABOTAGE TRADE |
25 Million |
NIMASA GUIDELINES FOR REGISTRATION. |
| 61. | FREIGHT FORWARDING | 5 MILLION | (Registration of Freight forwarding) Regulation 2010. |
