Nigeria: Rule on Crowdfunding
Progress
Current status
adopted
21 Jan 2021 adopted
Scope
Implementers
Nigeria
Policy Area
Authorisation, registration and licensing
Policy Instrument
Authorisation, registration and licensing, nes
Regulated Economic Activity
platform intermediary: other
Government Branch
executive
Government Body
central government
Implementation Level
national
Timeline of events
Securities and Exchange Commission adopted Rule on Crowdfunding
On 21 January 2021, the Securities and Exchange Commission (SEC) adopted the Rule on Crowdfunding, applicable exclusively to investment-based crowdfunding in Nigeria. The Rule limits fundraising through a Crowdfunding Portal to micro, small and medi…
Event type
order
Action type
adoption
Government branch
executive
Government body
central government