As global business and third party relationship becomes more complex, the need for clear and speedy business identification grows. Common standards like LEI enable better identification and data sharing, helping to lower cost and speed up business processes. LEI is another useful tool for international business growth.

You may contact us via email to lei@gs1-nigeria.org or call us on 0809-645-5555 for any other queries on LEI. Alternatively, you may also want to download our PDF document for more assistance on the LEI registration.


Frequantly Asked Questions (FAQs)

A Legal Entity Identifier (LEI) is a 20-digit, alpha-numeric code that enables clear and unique identification of legal entities participating in financial transactions. LEIs, like other identifiers, are needed by firms to fulfil their reporting obligations under financial regulations and directives. LEIs are also key for matching and aggregating market data, both for transparency and regulatory purposes. The code is linked to a set of key reference information relating to the legal entity in question; such as the official name of legal entity according to the official registers, the country where the entity is formed, the address in details, the status of the entity, and other relevant information. Once a legal entity obtains a LEI code, the code is assigned to that legal entity for its entire life.

As defined in ISO 17442, the standard underlying the Legal Entity Identifier(LEI), the term ‘legal entity’ includes, but is not limited to:

  • Banks and financial institutions
  • Municipal corporate entities
  • Government departments
  • Investment Funds
  • Partnerships, Trusts, Charities
  • Insurance companies
  • Securities service providers
The LEI is furthermore important for export-oriented companies as well as for other companies for the real economy which include derivative contracts.

You can apply for an LEI quickly and easily via our online portal. All you need is to create an account and submit an application. Once we receive your application, a validation check is performed. The validation checks performed against Legal LEI records are to confirm that the requested entity exists, that it is eligible to receive an LEI, and that the submitted data is accurate. Once your data is verified, your LEI is issued and sent to you via email.

Transfers are easy and free of charge: First, you create an account with us. Then you complete a form on file under "Transfer LEI". That’s it! The LEI providers will then handle the LEI transfer among themselves. We will notify your current LEI provider. They will prompt you to confirm your wish to change providers. Afterwards, they will be obliged to transfer the LEI pursuant to GLEIF regulations.


LEI Fee Scale

Single application (one-year term) 89 Euros
Renewal (one-year term) 59 Euros
Collective application (min. 10 LEIs, one-year-term) Upon request
Collective renewal (min. 10 LEIs, one-year-term) Upon request
LEI account change 0 Euro
LEI transfer 0 Euros