1.
Application for allotment of shares by the foreign
investor or his stock broker to the Nigerian company directly at primary market
(during public offer) or through the stock broker for shares quoted at the
stock-exchange (Secondary Market).
2.
Approval of allotment of the shares to the foreign
investor by Board of Directors, subject to requisite approval.
3.
Importation of capital through an authorized
dealer (approved bank) and obtain certificate of capital importation issued by
CBN, and pay for shares allotted.
4.
Obtain share certificates from the company’s
Registrar, enlist the shares in Electronic Stock holding at the Central
Securities Clearing Systems Ltd (CSCS) and obtain statements of stock holding
at the CSCS ltd.
5.
Apply to the Securities and Exchange Commission for registration of security
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