On 16 January 2026, the Securities and Exchange Commission (SEC) issued Circular No. 26-1, introducing revised Minimum Capital Requirements (MCR) for all regulated capital market entities in Nigeria. Issued pursuant to the Commission’s statutory mandate under the
Investments and Securities Act, 2025, the Circular marks a significant departure from the capital regime that has been in place since 2015. The updated framework reflects the SEC’s response to evolving market dynamics, including shifts in market structure, inflationary pressures, heightened risk exposure, and the development of new market segments such as fintech and digital asset operations.

Imaobong Ekanem
Senior Associate
[email protected]

Abdulwarith Ibrahim
Associate
[email protected]

Soliu Abdullahi Dagbo
Trainee Associate
[email protected]