The Securities and Alternate Fee (SEC) has introduced a rise within the minimal capital necessities for all classes of capital market operators (CMOs).
In response to a round issued by the Fee on January 16, 2026, the transfer replaces the long-standing 2015 capital regime and units a compliance deadline of June 30, 2027.
Beneath the revised framework, the capital base for tier 2 “issuing homes with underwriting” has been raised to N7 billion from N200 million, whereas trustees are actually required to take care of N2 billion, up from N300 million.
The brand new coverage is designed to strengthen market resilience, get rid of undercapitalised operators, and reward companies demonstrating sturdy governance and scale.