We advise on which licence fits your product, the capital and governance requirements, and prepare the full application pack: business plan, policies, board and management documents. We stay with you through CBN’s review, approval in principle and final licence.
What you receive
- Licence advisory note
- Application pack and policies
- Engagement with CBN through approval in principle and final licence
What we need from you
- A description of your product and how money moves
- Current company documents and share capital
- Proposed board and key management
What happens after you apply
- 1 We review your details A lawyer checks everything and asks if anything is missing.
- 2 You approve a quote Our fee and the agency fees, shown separately. Work starts once you approve.
- 3 We file with Central Bank of Nigeria We prepare the documents and submit them, then follow up.
- 4 You receive the documents Everything is added to your account, and we email you when it is ready.
What usually slows things down
Most delays are avoidable. Getting these right first saves weeks.
- Share capital not yet paid up to the level the regulator requires
- Missing business plans, policies, or details of the owners and key staff
- Product samples or lab results that are not ready yet
- Questions from the regulator that take a while to answer
Questions people ask
Do I need a registered company before applying?
For almost every licence, yes. Regulators license companies, often with a minimum share capital and specific objects in the memorandum. If you have not registered yet, we can do both in the right order.
Why do licences take months?
Regulators review the business plan, the owners, the systems and the policies, and they often come back with questions. We prepare the application to answer as many of those as possible up front.
Can you write the policies the regulator asks for?
Yes. Most applications need policies such as data protection, risk management or anti-money laundering. We draft them for your business as part of the work.