CAC Minimum Share Capital For Designated Companies

CAC Nigeria


The current share capital of companies registration guidelines by the Corporate Affairs Commission, CAC in line with the Companies and Allied Matters 2020.
  1. Issuing House 200 Million
  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. Asset Management (Intangible Assets) 300 Million
  21. Commercial Bank With Regional Authorization 10 Billion
  22. Commercial Bank With National Authorization 25 Billion
  23. Commercial Bank With International Authorization 50 Billion
  24. Merchant Bank 15 Billion
  25. PAYMENT SOLUTION SERVICES (PSS) (As Permissible Under Super Agent, PTS And PSSP (Combined)) 250 Million
  26. SUPER AGENT (Agent Recruitment Management And Other Activities As Specified In The Regulatory Framework For Licensing Super Agents In Nigeria 50 Million
  27. PAYMENT TERMINAL SERVICE PROVIDER (PTSP) (POS Terminal Deployment And Services, POS Terminal Ownership, PTAD, Merchant/Agent Training And Support) 100 Million
  28. PAYMENT SOLUTIONS SERVICE PROVIDER (PSSP) (Payment Processing Gateway And Portal, Payment Solution/Application Development, Merchant Service Aggregation And Collection) 100 Million
  29. MOBILE MONEY OPERATION (E-Money Issuing, Wallet Creation And Management, Pool Account Management Activities As Permissible Under Super Agent) 2 Billion
  30. SWITCHING AND PROCESSING (Switching, Card Processing Transaction, Clearing And Settlement Agent Services, Non-Bank Acquiring Services Activities As Permissible Under Super Agent, PTSP And PSSP) 2 Billion
  31. Unit Micro-Finance Bank (Tier 1) Tier 1: 200 Million
  32. Unit Micro-Finance Bank (Tier 2) Tier 2: 50 Million
  33. Micro-Finance Bank (State & Fct) 1 Billion
  34. Micro Finance Bank (National) 5 Billion
  35. Primary Mortgage Institution 2 Billion
  36. Finance Company 20 Million
  37. Bureau De Change 35 Million
  38. Non-Interest Bank (Regional) 5 Billion
  39. Non Interest Bank (National) 10 Billion
  40. Insurance Broker 5 Million
  41. Life Insurance 8 Billion
  42. General Insurance 10 Billion
  43. Composite Insurance 18 Billion
  44. General Insurance 10 Billion
  45. Composite Insurance 18 Billion
  46. Re-Insurance 20 Billion
  47. Unit Micro insurer 40 Million
  48. State Micro insurer 100 Million
  49. National Microinsurer 600 Million
  50. Takaful Insurance (General And Family Takaful) 200 Million
  51. Private Security Company/Consultant 10 Million
  52. Pension Fund/Asset Custodian 2 Billion
  53. Closed Pension Fund 500 Million
  54. Pension Fund Administrator 5 Billion
  55. Lottery 5 Million
  56. Sports Lottery 30 Million
  57. Air Transport (International) 2 Billion
  58. Air Transport (Regional) 1 Billion
  59. Air Transport (Local) 500 Million
  60. Air Ambulance/Fumigation/ Private Jet 20 Million
  61. Aviation (Ground Handling Services) 500 Million
  62. Aviation (Air Transport Training Institutions) 2 Million
  63. Agents Of Foreign Airlines 1 Million
  64. Travel/Tours 30 Million
  65. Agricultural Seeds, Productions, Processing, Marketing 10 Million
  66. Shipping Company/Agent 25 Million
  67. Cabotage Trade 25 Million
  68. Life Micro-Insurance 150 Million
  69. General Micro-Insurance 200 Million
  70. Freight Forwarding 5 Million
  71. Payment Service Bank 5 Billion
  72. Health Maintenance Organization (Hmo)(National) 400 Million (Paid up)
  73. Health Maintenance Organization (Hmo)(Regional) 200 Million(Paid up)
  74. Health Maintenance Organization (Hmo)(State) 100 Million (Paid up)
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