Starting a business in Nigeria

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