Operating Licenses

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Certain enterprises require approvals and/or licences to operate whether they are owned by Nigerians or not. Examples of the sectors where licences are needed are:

  • Banking where a Central Bank of Nigeria licence is needed,
  • Insurance where a licence from the National Insurance Commission is required,
  • The oil sector where Department of Petroleum Resources licences are needed and,
  • The telecommunications sector where licences from the Nigerian Communications Commission are needed.

The detailed regulations identifying the various licences available and stating what is required to obtain each of them are numerous. It is therefore important to check with the relevant body.          Related Information