Shares Saver
HomeServicesAboutPricingNigerian ETFsNigerian SharesFind My SharesFAQContact Us

Join our mailing list to receive the news & latest trends

Invest with Us

  • About Shares Saver
  • How It Works
  • Direct Share Ownership
  • Stock Investment App
  • Buy Shares Online in Nigeria
  • Buy Nigerian ETFs
  • NGX Company Share Profiles
  • Why Shares Saver
  • Fees & Pricing
  • Fees & Charges Explained
  • Safety & Security
  • Trust & Protection
  • Why Direct Ownership Matters
  • Our Broker Partners

My Account

  • Register
  • Sign In
  • Dashboard
  • Find My Shares
  • Transactions
  • Documents
  • Messages

Learn & Explore

  • Blog & Learn Hub
  • Buy Nigerian ETFs
  • Nigerian Shares
  • Free Calculators
  • Find My Shares
  • Terms and Conditions
  • Security & Privacy Policy
  • Cookies Policy
  • Accessibility Statement

Contact Us

  • FAQs
  • Contact Us
  • Download on the
    App Store
    GET IT ON
    Google Play

Copyright © 2026 Shares Saver. All Rights Reserved.

Shares Saver is powered by Crown Capital Limited, a stockbroker registered and regulated by the Securities and Exchange Commission (SEC) of Nigeria. All securities transactions, including the purchase and sale of shares, are carried out through Crown Capital Limited. Shares Saver does not make any recommendations to buy, sell or otherwise deal in investments. Investors make their own investment decisions. The services and securities provided by Shares Saver may not be suitable for all customers and, if you have any doubts, you should seek advice from an independent financial adviser. The value of investments can go up as well as down and you may receive back less than your original investment.

  1. Home
Free Employer Guide

Employer Guide to Staff Investment Schemes in Nigeria

Everything a Nigerian employer needs to know before launching a staff investment scheme — from scheme design and trust deed preparation to payroll integration and SEC compliance.

Request Your Free CopyScheme Administration Platform

What the Guide Covers

What Is a Staff Investment Scheme?

  • Definition of an Employee Share Investment Scheme (ESIS) under SEC Rules
  • How ESIS differs from general employee share option plans (ESOPs)
  • Why Nigerian listed companies use ESIS to align staff and shareholders
  • What minimum participation thresholds are typical in Nigerian schemes
  • Overview of the regulatory bodies involved: SEC, NGX, CSCS, and FIRS

Employer Eligibility & Design Decisions

  • Eligibility criteria: which listed companies can operate an ESIS
  • How to determine which staff grades are eligible for participation
  • Minimum and maximum contribution limits per employee
  • Employer matching contribution ratios: common structures in Nigeria
  • Vesting schedules: cliff vesting vs graded vesting for Nigerian workforces

Legal Structure & Trust Deed

  • Why a trust structure is required to hold scheme funds and shares
  • How to select and appoint an independent professional trustee
  • Key clauses in a Nigerian ESIS trust deed
  • Board resolution vs shareholder authority required to launch the scheme
  • What must be disclosed in the company's annual report and SEC filings

Payroll Deductions & Employer Contributions

  • How to implement net-of-tax payroll deductions for employee contributions
  • Employer matching contribution — cash flow planning and accounting entries
  • Handling payroll changes: salary increases, bonuses, and part-time staff
  • Monthly reconciliation process between payroll and scheme administrator
  • Year-end payroll reporting obligations to FIRS for scheme contributions

Administration & Compliance Obligations

  • What ongoing SEC compliance obligations apply to scheme operators
  • Annual scheme report requirements and submission deadlines
  • How to communicate scheme updates and performance data to employees
  • Managing scheme changes: contribution rate changes, suspensions, and wind-up
  • Record-keeping obligations under CAMA 2020 for employee shareholders

Request the Free Employer Guide

Send it to your HR Director, Company Secretary, or Finance team to kick-start your scheme design process.

Request Your Free Copy

Related Guides

Complete Employee Share Plan Guide →HR Guide to Employee Ownership →Company Secretary Setup Checklist →