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Legal Forms of Companies

Private Limited Company (PLC)
Number of partners: Minimum two, maximum 50
Capital (max/min): At least 10,000 NGN
Public Limited Company (LTD)
Number of partners: Minimum two
Capital (max/min): At least 500,000 NGN
Company limited by guarantee (LBG)
Number of partners: Minimum two (and maximum fifty for private companies)
Capital (max/min): At least 10,000 NGN for private companies and 500,000 NGN for state-run companies
Unlimited company (UNLTD)
Number of partners: Minimum two (and max fifty for private companies)
Capital (max/min): At least 10,000 NGN for private companies and 500,000 NGN for state-run companies
The Competent Organisation
Corporate Affairs Commission (CAC)
 
Setting Up a Company Nigeria Sub-Saharan Africa
Procedures (number) 7.0 7.5
Time (days) 7.2 21.3

Source: Doing Business, 2016

 
Business Setup Procedures
Consult Doing Business Website, to know about procedures to start a Business in Nigeria.

Find out more about Operating a Business in Nigeria on GlobalTrade.net, the Directory for International Trade Service Providers.

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Actualitzacions: April 2022

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