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ARTICLE · 23 JANUARY 2026

SEC Revises Minimum Capital Requirements For FinTech Operators And Virtual Asset Service Providers (VASPs)

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The Securities and Exchange Commission (SEC) has issued Circular No. 26-1 dated 16 January 2026...

NigeriaFinance and Banking
Corporate Gelias
Corporate Gelias
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Introduction

The Securities and Exchange Commission (SEC) has issued Circular No. 26-1 dated 16 January 2026, revising the Minimum Capital (MC) requirements for all categories of regulated capital market entities in Nigeria. The Circular reflects a significant upward review of capital thresholds and underscores the SEC's focus on market stability, investor protection, and innovation in emerging segments such as fintech and digital assets.

Key Objectives of the Revision

The revised MC framework is intended to:

  • Strengthen market resilience and operational stability of market operators.
  • Enhance investor protection through adequate capitalization.
  • Align capital adequacy with the evolving risk profile of regulated activities.

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