Here is the concluding part on our series on the minimum share capital requirements for different types of companies.

S/No.Types Of CompanyMinimum Share CapitalJustificationCertificate Required
47Marine/shippingN25MNILNIL
48Creche/Per-Nursery SchoolNILNIL
49Agriculture (seed)N10MNILNIL
50PolytechnicsNILApproval in principle from NCCE
51Clearing & forwardingN5MNILNIL
52Primary / Secondary SchoolNILNILNCE/B.ED certificate.
53ManagementNILNILCertificate issued by Nigerian institute of Management (NIM)
54AdvertisingN10mCertificate issued by Advertising Practitioners Council of Nigeria (APCON)
55Accounting/TaxationNILNILCertificate issued by ICAN/CITN
56Investment companyNILNILNot registrable under business name
57Group of CompaniesShare capital must not be lower than any of the subsidiaryCorporate Affairs Commission RegulationConsent of the Registrar General CAC required. At least three existing companies with common directors
58Holding CompanyShare capital must not be lower than any of the subsidiaryCorporate Affairs Commission RegulationConsent of the Registrar General CAC required. At least two existing companies with common directors
59Company Limited by GuaranteeCorporate Affairs Commission RegulationConsent of the Registrar General CAC required.
60BuildingNILCertificate issued by Nigerian Institute of Builders
61Tourism, Hotels, RestaurantsNILApproval in principle from Nigeria Tourism Development Board (suspended)
62UniversityNILNILApproval in principle from Nigeria University Commission. (NUC)
63Other Tertiary InstitutionsNILNational Minimum Standard & Establishment of Institutes Act Cap E3 L.F.N 2004Approval in principle from the relevant body
64Forex tradingNILNILNIL
65MortgageN100MNILNIL
66Financial CommoditiesN40MNILNIL
67College of EducationNILApproval in principle from NCCE

This list will be continuously updated as new requirements are laid down.