The move is intended to harden the financial resilience of the market. Its likely effect, however, is to radically reshape who survives in it.
Under the revised framework, Tier-1 portfolio managers must n
Nigeria’s securities regulator has unveiled its biggest market overhaul in more than a decade, hiking minimum capital thresholds for operators by as much as 40 times – or three times in the best case scenario – and setting a June 2027- deadline that is likely to force consolidation, exits and a smaller, more tightly capitalised industry.
The move is intended to harden the financial resilience of the market. Its likely effect, however, is to radically reshape who survives in it.
Under the revised framework, Tier-1 portfolio managers must n