Nigeria: Securities and Exchange Commission Circular Number 26-1 on revised Minimum Capital Requirements for regulated capital market entities
Progress
Current status
adopted
30 Jun 2027 in force
16 Jan 2026 adopted
Scope
Implementers
Nigeria
Policy Area
Authorisation, registration and licensing
Policy Instrument
Business registration requirement
Regulated Economic Activity
digital payment provider (incl. cryptocurrencies)
other service provider
Government Branch
executive
Government Body
central government
Implementation Level
national
Timeline of events
Circular Number 26-1 on revised Minimum Capital for regulated capital market entities enters into force
On 30 June 2027, the revised Minimum Capital Requirements set out in Circular Number 26-1 enter into force for all regulated entities, including Financial technology (FinTech) operators and Virtual Asset Service Providers (VASPs). All entities regul…
Event type
order
Action type
implementation
Government branch
executive
Government body
central government
Securities and Exchange Commission issued Circular Number 26-1 on revised Minimum Capital for regulated capital market entities
On 16 January 2026, the Securities and Exchange Commission issued Circular Number 26-1, revising the Minimum Capital (MC) for regulated capital market entities pursuant to the Investments and Securities Act, 2025. The Circular covers, among other ca…
Event type
order
Action type
adoption
Government branch
executive
Government body
central government