Nigeria: Securities

Nigeria's cryptocurrency market has long operated in a legal grey area, but the enactment of the Investments and Securities Act 2025 marks a turning point. For the first time, digital and virtual assets are expressly recognised within the country's securities regulatory framework, bringing clarity to their legal status and placing qualifying activities under the supervision of the Securities and Exchange Commission.

The Securities and Exchange Commission (‘SEC’), the National Pension Commission (‘PenCom’), the Nigeria Revenue Service (‘NRS’), the Financial Reporting Council of Nigeria (‘FRCN’), the Nigeria Immigration Service (‘NRS’), the Nigerian Exchange Group (‘NGX’)...

The second quarter of 2026 brought transformative changes to Nigeria's financial services sector as banking recapitalisation concluded and regulators pivoted toward strengthening governance, market integrity...

Nigeria's Securities and Exchange Commission has introduced revised minimum capital requirements for capital market operators, creating new compliance obligations and potential penalties for firms operating in the securities industry. This regulatory update affects various market participants including broker-dealers, investment advisers, and other licensed entities who must now assess their capital adequacy and plan for compliance within specified timelines.

Nigeria's FinTech and cryptocurrency sectors face intensified regulatory scrutiny as the Central Bank of Nigeria and Securities and Exchange Commission adopt assertive enforcement measures, leading to licence revocations and operational restrictions. How are these regulatory pressures reshaping the digital asset landscape, and what dispute resolution mechanisms are emerging to address conflicts in this evolving ecosystem?

The taxation of capital gains has historically played a modest but strategically important role within Nigeria's fiscal architecture. Under the pre-existing regime, the Capital Gains Tax (CGT) framework was governed primarily by the Capital Gains Tax Act (CGTA), which imposed tax on gains arising from the disposal of chargeable assets

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

The CBN in its March 28, 2024 circular announced an upward review of the minimum capital requirements for banks in Nigeria, mandating banks to raise their minimum paid-up capital by March 31, 2026 as follows...

On 16 January 2026, the Securities and Exchange Commission ("SEC") issued Circular No. 26-1 (the "Circular"), introducing a revised and tiered framework for minimum capital requirements applicable to fund and portfolio...