Nigeria (NG)

Jurisdiction Overview

172 *Are bearer shares available? No, bearer shares are not available/not circulating.
 Data Date: 2016


Bearer shares are not available in Nigeria. According to the Global Forum, "Bearer shares cannot be issued in Nigeria. This has been the case since 1990 (section 149(1), CAMA) and the bearer shares that existed before that date have been converted into nominative shares or simply cancelled" (GF 2016: 47).


GF 2016: 47