Registering a company in Nigeria is a crucial first step for entrepreneurs looking to enter one of Africa’s most dynamic and fast-growing markets. Whether you are setting up an import/export firm, launching a wholesale distribution operation, or establishing a local presence for regional trade, completing the company registration process correctly ensures you can operate legally and build trust with partners and clients.

This guide breaks down the process in simple terms—while also showing how Wigmore Trading can support your business setup, sourcing, shipping, and distribution needs across Nigeria and West Africa.

Why Register a Company in Nigeria?

Nigeria is home to more than 200 million consumers, a strong manufacturing base, and a strategic port system that connects the country to global trade routes. Registering a company gives you:

• Legal recognition to operate

• Access to local and international banking

• Ability to sign contracts

• Eligibility for government permits and import/export licenses

• Increased credibility with suppliers and distributors

For foreign investors or African entrepreneurs expanding into Nigeria, proper registration is non-negotiable.

Step 1: Choose a Business Structure

The Corporate Affairs Commission (CAC) oversees all company registrations. The most common business structures include:

• Business Name (Sole Proprietorship) – Suitable for small traders

• Limited Liability Company (LLC or LTD) – The most popular for import/export and wholesale

• Public Limited Company (PLC) – Usually for large corporations

• Incorporated Trustees – For NGOs and associations

For import/export, logistics, FMCG distribution, or large-scale trading, a Limited Liability Company is typically the best choice due to its credibility and tax advantages.

Step 2: Conduct a Name Availability Search

You need to reserve your company name through the CAC portal. Choose a name that reflects your business identity—many trade-related firms incorporate terms like “trading,” “logistics,” “imports,” or “global.”

If you plan to import or distribute goods in Nigeria, Wigmore Trading recommends selecting a name that aligns with your long-term product portfolio.

Step 3: Complete the CAC Registration Forms

After securing your name, you must prepare:

• The company’s objectives

• Details of directors and shareholders

• A registered business address

• Share capital structure

• Means of identification for directors

For trading companies, include objectives related to importation, exportation, wholesale distribution, and general supply. This ensures you won’t need an amendment later.

Step 4: Pay the CAC Filing Fees

Fees vary based on the structure and share capital. Most trading companies opt for a share capital starting from ₦1 million to ₦10 million depending on the industry. Higher share capital may be required if you plan to apply for specialized licenses such as NAFDAC approvals or import permits.

Step 5: Upload Documents and Receive Your Certificate

Once documents are uploaded and approved, the CAC will issue:

• Certificate of Incorporation

• Status Report

• Memorandum & Articles of Association (for LTD companies)

With these documents, your company officially exists in Nigeria.

Step 6: Register for Tax Identification Number (TIN)

The Federal Inland Revenue Service (FIRS) issues your TIN at no cost. It is required for:

• Import/export documentation

• Opening corporate bank accounts

• Paying VAT and company income tax

• Working with shipping and logistics partners

Wigmore Trading can guide clients on the tax-related requirements for sourcing and importing goods into Nigeria.

Step 7: Open a Corporate Bank Account

A corporate bank account allows you to receive payments, work with international suppliers, and process imports. Most Nigerian banks require:

• CAC documents

• TIN

• Director identification

• Proof of business address

Once the account is active, you are ready to trade.

How Wigmore Trading Supports Newly Registered Companies

If you are setting up a new business in Nigeria—especially in wholesale, FMCG supply, or cross-border trade—Wigmore Trading can help you grow quickly. Our services include:

• Product sourcing from global manufacturers

• Import and shipping support for containers and LCL cargo

• Warehouse and distribution solutions across Nigeria

• Export facilitation for agricultural commodities

• Wholesale partnerships for retailers and distributors

Whether you need help selecting fast-moving consumer goods, understanding customs procedures, or managing complex supply chains, our experienced team is ready to assist.

Contact Wigmore Trading today to streamline your sourcing and distribution in Nigeria.