Nigeria Sets 40% Liquid-Reserve Floor for Stablecoin Issuers

Nigeria's Central Bank requires stablecoin issuers to maintain at least 40% of their reserves in cash or highly liquid assets, fully back tokens with reserves, and hold an additional buffer of 2% of token value. Existing operators have 180 days to apply for licenses under the new regulatory framework that applies to stablecoin issuers, crypto payment providers, exchanges, and custodians.

This Wire brief sits within Fusion42's coverage of Fintech, and 5 sources have reported it between 6 Nov 2026 and 8 Nov 2026.