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==Procedure==
'''Apply In-Person:''' 
#To apply for an Investment Bank License in person, the applicant has to make an application at the Banking Supervision Department in the Central Bank of Nigeria.
#The contact link of the Central Bank of Nigeria can be found below: [https://www.cbn.gov.ng/Contacts/ contact link]
#Visit the office of CBN with an application letter for the grant of a licence to carry on the business of banking in Nigeria.
#The application should be addressed to the Director of Banking Supervision Department, Central Bank of Nigeria.
#Also, make sure that you have all the documents listed in the “Required Documents” section of this page.
#Attach all the documents with the application letter and submit it to the Director of Banking Supervision Department.
#Then, pay the non-refundable application and licensing fees required for the processing of the application and the license by following the instructions of the officials.
#Amount of non-refundable application and licensing fees can be found in the “Fees” section of this page.
#After assessing the application and attached documents, CBN will initially issue an Approval-In-Principle.
#Not later than six months after the grant of A.I.P, the promoters of a proposed bank must submit another application for the grant of a final banking license to the DBS.
#The application should also contain some of the documents in support for the grant of the final license.
#Once the verifications of all the documents and application has been done, the applicant will be informed through phone or email to collect the final license. 
 
==Required Documents==
*Formal application letter
*Application fees
*Proof of minimum capital deposit with CBN
*Feasibility Report
*Incorporation Certificate
*Board Resolution
*Names and addresses of owners/directors
*Audited accounts and reports of the company (last three years)
*Memorandum and Articles of Association (Certified True Copy)
*Forms CO2 and CO7 
 
Please refer the following document for more details: [https://www.cbn.gov.ng/OUT/CIRCULARS/BSD/2005/REQUIREMENTS%20FOR%20NEW%20BANKING%20LICENSE.PDF requirements link] 
 

==Office Locations & Contacts==
'''Central Bank of Nigeria - Head Office''', 
Plot 33, Abubakar Tafawa Balewa Way 
Central Business District, 
Cadastral Zone, 
Abuja, Federal Capital Territory,
Nigeria 
P.M.B. 0187, Garki Abuja. 
Nigeria 
Phone: +234 700 225 5226 
Toll free line: +234 800 225 5226 
Email: contactcbn@cbn.gov.ng 
Website: [https://www.cbn.gov.ng/Contacts/ Link] 
 
==Eligibility==
Any organization in Nigeria, that intends to set up an Investment bank and involve in banking business, can apply. 
 
==Fees==
*The applicant should pay a non-refundable application fee of N500000.00
*Non-refundable licensing fee is N5000000. 
 
==Validity==
Explain the time until which the certificate/document is valid.
e.g. Birth Certificate Valid Forever 
 
==Documents to Use==
Please attach documents that can be used by people. e.g. links 
 
==Sample Documents==
Please attach sample completed documents that would help other people. 
 
==Processing Time==
Please explain processing time taken in obtaining the document/certificate. 
 
==Related Videos==
Videos explaining the procedure or to fill the applications.
Attach videos using the following tag <&video type='website'>video ID|width|height<&/video&> from external websites.
Please remove the '&' inside the tags during implementation.
Website = allocine, blip, dailymotion, facebook, gametrailers, googlevideo, html5, metacafe, myspace, revver,
sevenload, viddler, vimeo, youku, youtube
width = 560, height = 340, Video ID = Can be obtained from the URL of webpage where the video is displayed.
e.gIn the following url 'http://www.youtube.com/watch?v=Y0US7oR_t3M' Video ID is 'Y0US7oR_t3M'. 
 
==Instructions==
*Applicants are advised to complete the application form neatly and completely with absolute legibility and appropriateness to avoid rejections.
*Also, all the required documents must be furnished completely.
*Applicants are advised to refer the following document for complete application guidelines: [https://www.cbn.gov.ng/OUT/CIRCULARS/BSD/2005/REQUIREMENTS%20FOR%20NEW%20BANKING%20LICENSE.PDF guidelines link] 
 
==Required Information==
*Business name
*Registration number
*Incorporation particulars
*Full Address of the premises
*Share capital
*Identity document numbers of the directors
*Identity document numbers of the shareholders
*Phone number
*Email address
*Banking details 
 
==Need for the Document==
It is mandatory for an organization to obtain a license from the Central Bank of Nigeria for establishing itself as an Investment bank and perform relevant activities. 
 
==Information which might help==
Enter other informations which might help. 
 
==Other uses of the Document/Certificate==
Please explain what are other uses of obtaining this document/certificate.
e.g. Birth Certificate can be used as proof of identity. 
 
==External Links==
Place some external links which might help. 
 
==Others==
More information which might help people. 

[[Category:Nigeria]]

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