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ARTICLE · 27 JANUARY 2026

SEC Revises Minimum Capital Requirements For Regulated Capital Market Entities

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The Securities and Exchange Commission (‘SEC') pursuant to its statutory mandate under the Investments and Securities Act 2025...

NigeriaFinance and Banking
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Advocaat Law Practice

INTRODUCTION

The Securities and Exchange Commission ('SEC') pursuant to its statutory mandate under the Investments and Securities Act 2025, to regulate and develop the Nigerian capital market, issued a Circular dated 16th January 2026 on the revision of the minimum capital requirements applicable to all categories of regulated capital market entities in Nigeria.1 The revised minimum capital framework replaces the minimum capital requirements introduced in 2015 and is aimed at strengthening market resilience, enhancing investor protection, and aligning capital adequacy with the evolving risk profile and complexity of market activities. The Circular takes effect from the date of publication.

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