Nigeria's SEC Raises Minimum Capital Requirements for Market Operators and Fintechs

The Securities and Exchange Commission (SEC) in Nigeria has announced a comprehensive revision of the minimum capital requirements for various categories of market operators, including fintech firms and others. The move is aimed at enhancing the long-term stability of Nigeria's capital market.

The new capital regime, effective from June 2027, will see increased capital requirements for broker-dealers, dealers, and portfolio managers, among others. This initiative is designed to ensure that market participants are better positioned to withstand market shocks and protect investor interests.