New Suggested 5/22/2024 by Jide Ipadeola
1
votesWHAT ARE THE REQUIREMENTS IN PROVING FINANCIAL CAPABILITY?
Theminimumfinancialrequirementforanentitytoparticipateinthe licencingroundincludethefollowing:
1.AverageannualturnoverofUS$200,000,000.00;
2.CashathandtothetuneofUS$200,000,000.00;
3.Letterofcreditfromareputablefinancialinstitutiontothetuneof
US$200,000,000.00;
4.AmarketcapitalizationofnotlessthanUS$2Billion;
5.BankGuaranteeto thetuneofUS$200,000,000.00;or
6.ParentCompanyGuaranteetothetuneofUS$200,000,000.00(for newlyincorporatedcompanies).
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