Nigeria: Extended deadline for companies to issue unallotted share capital

The deadline for existing companies to fully issue any unallotted share capital has been extended to 31 December 2022

Deadline for companies to issue unallotted share capital extended to 31 December 2022

The deadline for existing companies to fully issue any unallotted share capital has been extended to 31 December 2022.

Previously, the deadline was 30 June 2020 for all companies in Nigeria to comply with this requirement.

Any unissued share capital after 31 December 2022 will be de-recognised from a company’s share capital until such shares are re-issued or reduced.

Read an April 2021 report prepared by the KPMG member firm in Nigeria

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