Wire · regulatory
Nigeria Sets $11 Million Capital Requirement for Foreign Stablecoin Issuers, Bans ...
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Fusion42 · 7 November 2026 · Fusion42 review
Nigeria has introduced a regulatory framework requiring foreign-currency stablecoin issuers to maintain a minimum paid-up capital of approximately $11.1 million and naira-backed stablecoin issuers approximately $7.4 million, while banning algorithmic stablecoins.
This Wire brief sits within Fusion42's coverage of Fintech, and 5 sources have reported it between 6 Nov 2026 and 8 Nov 2026.
◆ ◆ The Wire takeaway
You must ensure your stablecoin venture is sufficiently capitalised or excluded from Nigeria’s market as foreign issuers now face an $11 million capital bar and algorithmic tokens are banned. This opens a compliance gateway that could narrow competition and create safer market conditions.
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5 sources · first reported 6 Nov 2026 · latest 8 Nov 2026
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