Assessing the Revised Minimum Capital Requirements for Capital Market Operators under SEC Circular No. 26-1
On 16 January 2026, the Securities and Exchange Commission Nigeria (SEC) issued Circular No. 26-1, revising the minimum capital (MC) requirements applicable to all categories of regulated capital market entities. The Circular aims to strengthen market resilience, enhance investor protection, align capital adequacy requirements with the evolving risk profile of market activities, and ensure that regulated entities maintain sufficient financial capacity to discharge their obligations on a sustainable basis.
