Storyline
Nigeria's Stablecoin Capital Rules Set
Timeline
- Tue, Nov 10LatestUnverified — not yet reviewed
CBN Tightens Stablecoin Issuer Rules With Capital Floors and Full Reserve Requirements
Nigeria's Central Bank has tightened rules for stablecoin issuers, requiring capital floors of ₦10 billion for naira stablecoin issuers and ₦15 billion for foreign stablecoin issuers, backed by full reserve requirements. The framework is being described as the most stringent crypto licensing bar in Africa and is expected to materially reshape Nigeria's stablecoin market.
- Sun, Nov 8Unverified — not yet reviewed
CBN Publishes 169-Page Stablecoin Framework With Full Reserves and Capital Floors
Nigeria's Central Bank has published a 169-page stablecoin regulatory framework requiring full reserve backing, a 2% liquidity buffer and capital floors of ₦10 billion for naira stablecoin issuers and ₦15 billion for foreign stablecoin issuers. The rules are expected to materially reshape market structure for crypto operators in Africa's largest economy.
- Sat, Nov 7Unverified — not yet reviewed
CBN Sets ₦10b–₦15b Capital Floors for Naira and Foreign Stablecoin Issuers
Nigeria's Central Bank has published its first dedicated stablecoin capital framework, requiring ₦10 billion for naira stablecoin issuers and ₦15 billion — approximately $11.16 million — for foreign stablecoin issuers. The rules set what analysts describe as Africa's most stringent crypto licensing bar to date, drawing a clear regulatory boundary around dollar-denominated digital assets in the country.