Page 61 - UUBO Deal Academy 2020 - Materials

Minimum Share Capital

• PSBs - NGN5 billion

• MFBs - NGN5 billion, NGN1 billion, NGN 200 million and

NGN50 million

• Finance Companies - NGN100 million

• Mobile Money Schemes/Operators: NGN2 billion

• Payments Service Solutions Providers: - NGN100 million

• International Money Transfer Operator: - NGN2 billion (for local

companies) USD$1 million (foreign companies)

• Super Agents : - NGN50 million

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