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CryptoMediumUpdated•Originally published 8 November 2026•Updated 8 November 2026•
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Nigeria Sets 15 Billion Naira Capital Floor for Stablecoin Issuers

Key Facts

1The Central Bank of Nigeria has set a minimum capital requirement of 15 billion naira (approximately $11.16 million) for foreign-currency stablecoin issuers.
2New rules require Bank Verification Number (BVN) verification to match account names before releasing regulated tokens in peer-to-peer (P2P) trades.

The Central Bank of Nigeria (CBN) has set a minimum paid-up capital requirement of 15 billion naira, approximately $11.16 million, for issuers of foreign-currency-linked stablecoins. TokenPost reported that the new rules, issued on November 5, 2026, prohibit companies already licensed by the Securities and Exchange Commission (SEC) from double-counting capital to meet the CBN's requirements.

The regulatory framework mandates peer-to-peer (P2P) platforms to verify Bank Verification Numbers (BVN) to ensure account names match before releasing regulated tokens. Additionally, the CBN has prohibited algorithmic stablecoins and classified foreign-currency-pegged tokens as Class 2 assets as part of its oversight of virtual assets used for payments and settlements.

Latest Updates · 1

  1. Major·

    Update: The Central Bank of Nigeria has further mandated a 40% liquid reserve requirement and an additional buffer worth at least 2% of the issued tokens' value. Existing operators have been granted a 180-day window to comply with these new reserve standards.