The Securities and Exchange Commission (SEC) has announced an increase in the minimum capital requirements for all categories of capital market operators (CMOs) in Nigeria.

In a statement released on Friday, the commission revealed that the capital base for tier 2 “issuing houses with underwriting” has been raised to ₦7 billion from ₦200 million, while trustees are now required to maintain ₦2 billion, up from ₦300 million.

The SEC explained that the adjustment is intended to strengthen the resilience of the capital market and enhance protections for investors.

Gossip News Now reports that affected CMOs have until June 2027 to comply with the new thresholds.

The commission stated that the updated requirements will apply across all classes of market operators, who must meet the revised capital levels before the June 2027 deadline.

According to the SEC, the new measures are also aimed at promoting market stability, reducing systemic risk, and supporting innovation and orderly development in emerging market segments, including digital assets and commodities markets.

“This circular applies to all entities regulated by the commission, including but not limited to core and non-core capital market operators; market infrastructure institutions; capital market consultants; financial technology (FinTech) operators; virtual Asset Service Providers (VASPs); and commodity market intermediaries,” the SEC said in the statement.

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