The Securities and Exchange Commission (SEC) has increased the minimum capital requirements for all categories of capital market operators (CMOs) in Nigeria.
In a statement issued on Friday, the commission announced that the capital base for tier 2 issuing houses with underwriting has been raised to ₦7 billion from the previous ₦200 million. Similarly, the minimum capital requirement for trustees was increased to ₦2 billion from ₦300 million.
According to the SEC, the upward review is aimed at strengthening market resilience and enhancing investor protection within the Nigerian capital market.
The commission disclosed that the new capital requirements will apply across all categories of capital market operators, adding that affected firms have until June 2027 to comply with the revised thresholds.
SEC noted that the policy is part of broader efforts to ensure a more robust, stable, and transparent capital market.
Further details are expected to be provided later.