Central Bank of Nigeria Introduces New Stablecoin Capital Requirements

On 7 November, reporting on the Central Bank of Nigeria’s new stablecoin framework highlighted minimum paid-up capital requirements of ₦10 billion for naira-referenced issuers and ₦15 billion for foreign-currency-referenced issuers. The framework took effect on 5 November and also introduces reserve, operational and compliance requirements. The regulations create demand for financial compliance advisers, fintech legal specialists and cybersecurity providers. HPC can support regulatory monitoring, compliance research and fintech partnership assessments.