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Nigerian SEC significantly raises capital threshold for digital asset platforms to 2 billion naira

Nigerian SEC significantly raises capital threshold for digital asset platforms to 2 billion naira

ForesightNewsForesightNews2026/01/18 01:25
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Foresight News reported, citing TechCabal, that the Nigerian Securities and Exchange Commission (SEC) has issued new regulations raising the minimum capital requirement for digital asset exchanges and custodians to 2 billion naira (approximately $1.4 million), a significant increase from the previous 500 million naira and higher than the previously discussed but withdrawn 1 billion naira proposal. For other categories, the minimum capital requirement for Digital Asset Offering Platforms (DAOP) and RWA tokenization platforms is set at 1 billion naira, while digital asset intermediaries and related service providers are required to have between 300 million and 500 million naira. The new regulations require relevant institutions to meet these standards by June 30, 2027, or they may face suspension or revocation of their licenses.

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