SEC Nigeria proposes ₦7.5bn capital floor for Free Trade Zone entities seeking market access

A rules exposure draft set a minimum paid-up share capital of ₦7.5 billion for Free Trade Zone Entities seeking to list or offer shares on the Nigerian capital market, with a two-week comment window. FTZEs include technology, payments and blockchain infrastructure operators, so the capital floor quietly shapes which digital asset businesses can reach Nigerian public markets at all. The comment window closed in late April; the finalised rule is the thing to watch.