Nigeria’s Securities and Exchange Commission (SEC) has announced a significant increase in capital requirements for all categories of capital market operators, in a move aimed at strengthening market stability and investor protection.
Under the new framework, issuing houses are now required to maintain a minimum capital base of ₦7 billion, while trustees must meet a new threshold of ₦2 billion. The revised requirements apply across the market and are expected to trigger restructuring, mergers, or exits among weaker operators.
The SEC says the decision is part of broader reforms to deepen the capital market, enhance professionalism, and align operators with current market realities.
More details to follow.