Skip to content

Promote:Nigeria

Invest in Nigeria

A short guide for companies expanding into Nigeria: the economy at a glance, the rules and steps to set up, and who can help, each with its source.

1. Nigeria at a glance

The currency is the Nigerian naira.

Source: CBN, Foreign Exchange Manual, 4th Edition, May 2026⁠ (opens in a new tab) · as of October 31, 2026

2. Before you set up

The investment agency, any one-stop route, the sectors reserved for nationals and the zones, as the guide found them.

3. Steps to set up

The main steps, in order, each with the body responsible and its official page.

Setting up in Nigeria

  1. Incorporate the company with the Corporate Affairs Commission under the Companies and Allied Matters Act 2020.Corporate Affairs CommissionOfficial page⁠ (opens in a new tab)

    Source: NIPC, Investment Guide Nigeria, 2025⁠ (opens in a new tab) · as of 2025

  2. Pay stamp duty on the share capital and register for tax; a Tax Identification Number follows.Nigeria Revenue ServiceOfficial page⁠ (opens in a new tab)

    Source: NIPC, Investment Guide Nigeria, 2025⁠ (opens in a new tab) · as of 2025

  3. Register the enterprise with NIPC online before starting business if it has foreign participation.Nigerian Investment Promotion CommissionNew registration N150,000; renewal N50,000; NIPC states 48 working hours for a complete fileOfficial page⁠ (opens in a new tab)

    Source: NIPC, Business Registration service page⁠ (opens in a new tab) · as of October 31, 2026

  4. Open an account with an authorized dealer bank and bring capital in through it to receive an e-CCI.Central Bank of Nigeriae-CCI issued within 24 hours of conversion to nairaOfficial page⁠ (opens in a new tab)

    Source: CBN, Foreign Exchange Manual, 4th Edition, May 2026⁠ (opens in a new tab) · as of October 31, 2026

Show 4 more set-up steps
  1. Apply for a Business Permit and an Expatriate Quota if foreign staff will work in Nigeria.Federal Ministry of InteriorExpatriate Quota: three years at first, renewable within seven years (NIPC guide)Official page⁠ (opens in a new tab)

    Source: NIPC, Investment Guide Nigeria, 2025⁠ (opens in a new tab) · as of 2025

  2. Obtain sector licenses and product certification from the regulator that covers your activity.Regulator for the sector, via the One Stop Investment CentreOfficial page⁠ (opens in a new tab)

    Source: NIPC, One Stop Investment Centre page⁠ (opens in a new tab) · as of October 31, 2026

  3. Secure land through the state: obtain the Governor's consent to a right of occupancy under the Land Use Act.State Governor (Land Use Act)Official page⁠ (opens in a new tab)

    Source: Land Use Act, Chapter L5, copy on NIPC site⁠ (opens in a new tab) · as of October 31, 2026

  4. Move dividends, profits and loan payments out through an authorized dealer bank, with the e-CCI as evidence.Authorized dealer bank (licensed by the Central Bank of Nigeria)Official page⁠ (opens in a new tab)

    Source: NIPC Act, Chapter N117, copy on NIPC site⁠ (opens in a new tab) · as of October 31, 2026

4. Organizations that help investors

Start with NIPC. Each card links to the organization’s own site.

Each card says what it can help with:Get adviceFind financeMeet requirementsResearch markets

Investment and business setup

Show 4 more organizations

Customs and tax

Show 1 more organization

Chambers and industry associations

5. Worth knowing

6. How Promote:Global helps

  • Compare Nigeria with other countriesSet Nigeria beside other countries on investment momentum, fundamentals and trade access, before site, tax and legal work.
  • Find advisors and service firmsAsk an advisory firm a scoped, paid question, or browse firms that list their own services, from legal work to logistics.
  • Organize your next stepsKeep each product and market in a project, with a roadmap of steps you work through.

Turn this guide into your Nigeria project.

Use Promote:Global to explore markets, understand requirements and organize your next steps.

Export from Nigeria Invest in Nigeria

Free to start. No card required.

Already have an account? Sign in

Promote:Nigeria is an independent guide by Promote:Global, not an official government portal. The organizations named here are independent public and membership bodies, not Promote:Global partners, and every link goes to their own site.

Facts read from public sources, with an editorial cut-off of October 31, 2026. Nothing here is investment, legal, tax or sanctions advice. Check current status with the organization before you rely on it.