The Nigerian SEC increases minimum capital requirement for digital asset platforms to 2 billion naira

The Nigerian SEC has mandated that digital asset exchanges maintain a minimum capital of 2 billion Naira, with custody institutions required to hold at least 200 million Naira to protect user assets.

Entities must meet the new capital requirements by June 30, 2027, or face possible license suspension, as the SEC aims to enhance regulatory oversight in the rapidly growing digital asset market.