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.
Plus234Feed summary based on reporting from This Day. Read the original report below.
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