Nigeria's SEC Raises Minimum Capital for Brokers and Dealers in Market Reform
The Securities and Exchange Commission (SEC) in Nigeria has announced a significant review of the minimum capital requirements for brokers and dealers, with the new thresholds set to take effect by June 30, 2027. The reform aims to enhance investor protection and deter undercapitalized firms.
The new framework replaces the existing capital regime in place since 2015. The minimum capital for brokers will increase from N200 million to N600 million, while dealers will be required to maintain N1 billion, among other changes affecting various market participants.
Plus234Feed summary based on reporting from Legit.ng. Read the original report below.
Read full article
Continue on Legit.ng
Get the week in one email
Top stories, NPFL results, the naira — every Friday morning. Free, one email a week.
Related Stories
Nigeria's SEC Raises Minimum Capital Requirements for Market Operators
SEC Announces Steepest Hike in Minimum Capital Requirement for Nigerian Capital Market Operators
Nigerian SEC Raises Minimum Capital Requirements for Market Operators
SEC's Capital Hike in Nigeria to Spur Mergers, Squeeze Smaller Operators
SEC Implements Bold Capital Reforms in Nigeria's Financial Market
Nigeria Accelerates Capital Market Reforms to Boost Efficiency and Investor Confidence
Get Plus234Feed on messaging apps
Same headlines, delivered where you already scroll.
