The SEC has revised minimum capital thresholds for brokers, fund managers, fintechs, digital asset platforms, and commodity market intermediaries—the first major update since 2015. New requirements range from ₦20 million for small commodity brokers to ₦10 billion for central counterparties and securities exchanges. All affected entities must comply within 18 months, by June 30, 2027. The move is expected to reshape the market, encourage consolidation, and provide a clear path for fintech and digital asset operators.

The Nigerian Exchange (NGX) has completed its transition to a T+2 settlement cycle, replacing the former T+3 framework. The move aligns Nigeria’s capital market with global best practices and improves market efficiency. T+2 settlement reduces counterparty risk, enhances liquidity, and enables faster access to funds and securities. The transition was achieved through coordinated efforts among regulators, NGX, CSCS, and market operators. The development also signals Nigeria’s readiness for future advancements, including a potential shift to T+1 settlement.

Nigeria’s removal from the FATF grey list marks a major boost to its financial credibility, restoring investor confidence and easing access to global markets. The move reflects stronger anti-money-laundering and counter-terrorist-financing reforms, paving the way for increased foreign investment, lower compliance burdens, and deeper participation in Nigeria’s financial and business sectors. Organisations are encouraged to reassess Nigeria’s risk profile, strengthen internal compliance, and tap into new opportunities across fintech, energy, manufacturing, and global trade. For further guidance, contact info@greychapellegal.com.

Effective 19 Sept 2025, GAID 2025 replaces the NDPR 2019 under the Nigeria Data Protection Act 2023. It introduces new data controller categories (UHL, EHL, OHL), mandates annual audits, qualified DPOs, and impact assessments for high-risk activities. It also covers foreign entities targeting Nigerians, strengthens individual rights, and sets fines up to ₦10m or 2% of revenue. Action: Register with NDPC, appoint a DPO, update policies, and train staff. Contact info@greychapellegal.com for guidance.

This report offers a comprehensive review of Nigeria’s current economic and political developments, with a focus on the reforms and structural shifts shaping the nation’s future. It highlights issues of governance, financial regulation, investment climate, and socio-economic growth, while situating Nigeria within broader global trends. The analysis provides stakeholders with critical insights into the opportunities and challenges that define this new era for the country.

The document outlines key updates from FMDQ’s new framework, focusing on regulatory changes, compliance requirements, and structural adjustments affecting financial market operations. It serves as a concise reference guide for stakeholders, highlighting implications for market participants and providing practical insights for alignment with the updated standards.