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Africa Common Law

Start your company Nigeria

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Why Nigeria?

African fintech operators

Nigeria hosts Paystack, Flutterwave, Kuda, Carbon, and Moniepoint, the densest fintech operator base in Africa. The CBN Payment Service Bank and Switching and Processing licenses provide regulated rails, and NIBSS handles real time domestic settlement across 600M+ monthly transactions.

Paystack/FlutterwaveCBN PSB licenseNIBSS rails

Small companies under the 2025 Tax Act

The Nigeria Tax Act 2025, effective January 2026, sets CIT at 0% for small companies with turnover under NGN 100M and fixed assets under NGN 250M. Medium companies (NGN 100M to NGN 50B) pay 20%, large companies 30%, plus a 4% Development Levy replacing prior surtaxes.

0% small co20% medium4% Dev Levy

Consumer plays targeting 220M people

Nigeria is Africa's largest consumer market with 220M people, English administrative language, and a common law system. CAC registration under CAMA 2020 takes about a week. AfCFTA gives qualifying Nigerian companies preferential access to 54 African economies.

220M marketCAMA 2020AfCFTA access

Considerations

If you need predictable USD repatriation

Despite the 2023 to 2024 FX reform unifying CBN windows, dollar liquidity remains thin and large dividend or capital repatriations still require Certificates of Capital Importation and bank approvals. Naira volatility against USD has been substantial since the float.

CBN FX controlsCCI requirementsNGN volatility

If you are foreign owned and want low capitalisation

Foreign owned companies need NGN 100M minimum share capital to qualify for the Business Permit and expatriate quota positions for non Nigerian directors and employees. The Nigeria Investment Promotion Commission also requires registration before lawful operation.

NGN 100M capitalNIPC registrationExpatriate quotas
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