How to Activate your business in Nigeria

A step-by-step guide on completing compliance and activating your business in on Mono Nigeria

Ogenna Ogbogu avatar
Written by Ogenna Ogbogu
Updated over a week ago

As a registered business on Mono, you need to activate your account before you can make any API calls or use our no-code tools.

To activate your business account on the Mono dashboard, you can follow these easy steps below.

  1. Once you have signed up on and verified your email address. Choose the product you are interested in using:

  2. To start the activation process, you can either choose to click on the "activate business" button on the top right corner or use the "Continue" button on the Business KYC tab.

  3. Select your account type: developer or business account.

  4. Select your staff size and your industry (or the industry more in line with the products/services you offer) and click next:

  5. Enter your Use case, explain what you're building and input your app URL or your website.

  6. Next, fill in the form fields for the account owner information. Kindly note that the account owner needs to be a shareholder of the company.

    You will also be required to fill in your BVN and verify the validity by inputting the OTP sent to either your phone number or email address.

  7. Fill in your most current and accurate contact information and upload your proof of address. Also, make sure the proof of address follows the guidelines of the acceptable proof of address.

    Kindly make sure you follow the guideline for acceptable proof of address

  8. When you click on Confirm identity, you'll be prompted to enter the OTP sent to the phone number you used to register.

    After your phone number is verified, you will be required to provide and upload the following identity documents:

    • Identification Number

    • A valid means of Identification like an International Passport or Driver's License.

  9. For the business verification process, you will need to fill in the following details:

    • Country of Incorporation

    • Registration type

    • Registration Number (RC number)

  10. Fill in your business contact details, such as:

    • Legal business name

    • Legal business address

    • Official, support and dispute email addresses.

  11. Upload your company registration documents, such as:

    • Certificate of business name

    • Return of allotment/Post incorporation (If a Liability Limited Company)

    • All regulatory licenses that apply to your use case in your country

      For the Business owner section, you can either choose the details or send a request for the shareholders to fill in their details.

      To request the details directly from the shareholder, click the "request details" tab and fill out the pop-up form. Submit by clicking on "add owner" and the request will be sent to the email provided.

      If you are a shareholder filling the form directly, you need to provide information credible and accurate such as:

      - Personal details
      - Contact details
      - Identification details

      You can add as many shareholders as your want by clicking the "add shareholder" button on the next page.

  12. Lastly, tick that box that attests to your providing accurate information and agreeing to Mono's terms of use.

Once confirmed and submitted, kindly note that you can make some edits pending while your application is in review. Reviews take 24-48 working hours.

If you have any other questions, chat with us using the live chat button to your right.

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