Crypto Policy Monitor
Nigeria · consultation · concluded · 14 Apr 2026

SEC Nigeria proposes ₦7.5bn capital floor for Free Trade Zone entities seeking market access

JurisdictionNigeria (Africa)
AuthoritySecurities and Exchange Commission, Nigeria
Instrumentconsultation
Statusconcluded
Event date14 Apr 2026
Coverage date17 Apr 2026
Deadline28 Apr 2026
SourcesSEC Nigeria circulars feed
Referencecpm-2026-0018

A rules exposure draft set a minimum paid-up share capital of ₦7.5 billion for Free Trade Zone Entities seeking to list or offer shares on the Nigerian capital market, with a two-week comment window. FTZEs include technology, payments and blockchain infrastructure operators, so the capital floor quietly shapes which digital asset businesses can reach Nigerian public markets at all. The comment window closed in late April; the finalised rule is the thing to watch.