Virtual asset firms come under the SEC, which admits them through an incubation programme before registration. This page sets out the authorisations a stablecoin business needs in Nigeria, who grants each one and what it covers, alongside how many companies hold them today. The figures come from the registers Anvesan reads and are updated as those registers change.
RegulatorSecurities and Exchange Commission, Nigeria (SEC)
In the pipeline11Applications and in-principle approvals
Ended0No ended authorisations
Authorisations by licence
Nigeria SEC ARIP approval in principle92%11
Other authorisations8%1
These 12 authorisations belong to 12 companies. The company-level records are in Atlas Pro.
What those authorisations permit
Scope not stated in the licence12
One authorisation can cover several activities, so these figures overlap.
The licences: who grants them, how long, what they cost
The statutory clock is the formal decision period, where the regulator publishes one. “Observed” is the real-world timeline reported by applicants, not a figure the regulator sets. Capital is the regulatory minimum, not legal or advisory fees. Where a figure is not yet available, we show “Unavailable”; where one exists but Anvesan has not verified it, we show “Not sourced”.
The Atlas column maps a licence to a tracked licence family only where the two are the same thing. Where they are not, it reads Not mapped, and the family counts are in Authorisations by licence above.
Nigeria SEC ARIP approval in principle
11 in the Atlas
Who grants it
Securities and Exchange Commission, Nigeria (SEC)
What triggers it
Not sourced
Legal basis
Investments and Securities Act 2025
Statutory clockNot sourced
Anvesan has not verified this for this regime yet. It is added when it is.
What it takes in practiceNot sourced
Anvesan has not verified this for this regime yet. It is added when it is.
Capital requirement
Not sourced
Application feeNot sourced
Companies in the free Atlas
2 of the 12 companies with an authorisation in Nigeria are in the free Atlas.
Regulatory changes only: what is being decided, by whom, and when. Company-level licence changes are tracked in Atlas Pro.
Questions this page answers
How many companies hold a stablecoin-related licence in Nigeria?
Atlas tracks 12 authorisations across 12 companies in Nigeria, read from official registers and checked on 6 November 2026. Of those, 1 are licensed, 11 are in the pipeline, and 0 have ended.
Who regulates stablecoins in Nigeria?
Securities and Exchange Commission, Nigeria (SEC). The framework is Investments and Securities Act 2025.
What licence does a stablecoin business need in Nigeria?
Virtual asset firms come under the Securities and Exchange Commission, Nigeria (SEC), by the Investments and Securities Act 2025. The SEC admits them through an incubation programme before registration. The authorisation on record is the Nigeria SEC ARIP approval in principle.
How long does a licence take in Nigeria, and what capital does it need?
Anvesan has not verified decision timelines or capital thresholds for Nigeria yet, so this page does not publish them. It publishes no figure it cannot cite.
How these numbers are made
Registers read
The official registers used for this regime, named in the Registers read line. Where a public register does not provide a record, the source is identified separately.
Cadence
Checked daily. Changes are recorded when they appear in the register, together with the date they were seen. Last checked 6 November 2026.
Licence detail reviewed
23 September 2026. Counts are refreshed daily. Licence terms, timelines and capital thresholds are reviewed separately because they come from the underlying rules rather than the register.
Known gap
“Unavailable” means the figure does not yet exist or has not been published. “Not sourced” means the figure exists but Anvesan has not yet verified it. Neither is estimated.