SEC Raises Minimum Capital Requirements for Nigerian Capital Market Operators

The Securities and Exchange Commission (SEC) in Nigeria has announced an increase in the minimum capital requirements for all categories of capital market operators. This move, effective from January 16, 2026, aims to replace the existing 2015 capital regime and enhance compliance by June 30, 2027.

The revised framework includes raising the capital base for tier 2 issuers, underwriters, and trustees. The new policy is designed to bolster market resilience, eliminate undercapitalized operators, and reward firms demonstrating strong governance and scalability.