Regulatory Alerts2026-09-09
Added
Rules for Public Offering of Securities by a Free Trade Zone Entity (FTZE)
These Rules establish requirements for the public offering and issuance of securities by Free Trade Zone Entities (FTZEs) operating within Nigeria's free zones. FTZEs must obtain approval from the Commission and meet specific eligibility criteria, including a minimum three-year operational track record and financial thresholds such as a paid-up share capital of at least ₦3.5 billion, net assets of ₦5 billion, or average annual revenue of ₦10 billion over three years. The rules also mandate compliance with continuous reporting requirements and specific registration documents, including a "No Objection" letter from their free trade zone authority and a disclosure to list securities on a registered exchange.
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