CBN introduces N15bn capital requirement for dollar-backed crypto operators in Nigeria

The Central Bank of Nigeria, CBN, has introduced a minimum superior request of N15 cardinal for companies seeking to contented overseas currency-backed stablecoins, including integer currencies specified arsenic USDT and USDC, arsenic portion of efforts to modulate Nigeria's increasing virtual plus market.

The apex slope disclosed this successful its caller 169-page Regulations for the Operations of Non-Security Virtual Assets successful Nigeria, issued connected Thursday, November 5, 2026, and signed by Musa Jimoh, Director of its Payments System Policy Department.

Under the caller regulation, companies intending to contented stablecoins backed by overseas currencies, peculiarly the US dollar, indispensable person a minimum paid-up superior of N15 cardinal earlier commencing operations successful Nigeria.

The regularisation seeks to found a comprehensive, risk-based regulatory model for virtual plus operators, fortify fiscal strategy integrity, support customers and beforehand liable innovation successful Nigeria's emerging integer outgo ecosystem.

According to the CBN, the model covers the licensing and authorisation o...