Nigeria: Securities and Exchange Commission issued Circular Number 26-1 on revised Minimum Capital for regulated capital market entities

Description

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…

Scope

Policy Area
Authorisation, registration and licensing
Policy Instrument
Business registration requirement
Regulated Economic Activity
digital payment provider (incl. cryptocurrencies), other service provider
Implementation Level
national
Government Branch
executive
Government Body
central government

Complete timeline of this policy change

Hide details
2026-01-16
adopted

On 16 January 2026, the Securities and Exchange Commission issued Circular Number 26-1, revising th…

2027-06-30
in force

On 30 June 2027, the revised Minimum Capital Requirements set out in Circular Number 26-1 enter int…