CBN Introduces ₦10 Billion and ₦15 Billion Stablecoin Capital Requirements

On 5–6 November, the Central Bank of Nigeria issued new rules for non-security virtual assets, requiring minimum paid-up capital of ₦10 billion for naira-referenced stablecoin issuers and ₦15 billion for foreign-currency-referenced stablecoin issuers. Other virtual asset service providers face a separate minimum capital requirement of ₦1 billion. The framework took effect on 5 November and introduces additional licensing and compliance obligations. HPC can connect fintech operators with legal, regulatory and compliance advisory specialists.

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