CryptoMedium•6 November 2026•
1 min read
Nigeria Sets N15 Billion Capital Requirement for Stablecoin Issuers
Key Facts
1The Central Bank of Nigeria set a minimum paid-up capital of N15 billion for issuers of foreign currency-backed stablecoins.
2Class 2 issuers must maintain a physical office and local management in Nigeria, alongside stricter ID verification for P2P transactions.
The Central Bank of Nigeria set a minimum paid-up capital of N15 billion for issuers of foreign currency-backed stablecoins. Nairametrics reported that Class 2 issuers are now required to maintain a physical office and local management within Nigeria, while facing stricter identity verification protocols for peer-to-peer (P2P) transactions.
These regulatory steps aim to increase oversight of the digital asset space and ensure the local accountability of foreign issuers. Without specific instrument pricing available, the new requirements represent a significant regulatory hurdle that may increase operational costs and limit competition within the Nigerian crypto market.