Effective as of December 5 2013, the Nigerian Securities and Exchange Commission increased the minimum capital requirements for capital market operators. The table below shows the old and new minimum capital requirements for the various categories of capital market operator.
Category of capital market operator
Old minimum capital requirements
New minimum capital requirement
Corporate investment adviser
Individual investment adviser
For further information on this topic please contact Ngozi Agboti at Udo Udoma & Belo-Osagie by telephone (+234 1 263 4831), fax (+234 1 263 4541) or email ([email protected]). The Udo Udoma & Belo-Osagie website can be accessed at www.uubo.org.