Nigeria's SEC Raises Minimum Capital Requirements for Market Operators

The Securities and Exchange Commission (SEC) in Nigeria has announced an increase in the minimum capital requirements for capital market operators (CMOs). The new capital base, categorized under Tier 2, includes issuers, underwriters, and trustees.

This move, aimed at strengthening market resilience and enhancing investor protection, requires compliance by June 2027. The revised thresholds will apply to all categories of market operators, impacting both core and non-core participants.

The SEC's decision is intended to promote market stability, mitigate systemic risks, and support innovation in various market segments, including digital assets and commodities.