Regulatory sandbox · Africa
Regulatory Incubation Program (RI)
Securities and Exchange Commission Nigeria
Up to one year of controlled real-user testing, regulatory oversight and mentoring, with possible conditional waivers or modifications to capital, reporting or licensing requirements and a defined exit assessment; no cash grant.
Eligibility
Nigeria-incorporated innovators, or firms licensed by an equivalent foreign securities regulator, testing an innovative Nigerian capital-market product; applicants must meet SEC governance, shareholder-funds, sponsored-individual and risk-protection requirements, including a fidelity bond of at least 25% of shareholder funds.
What EBG would check
Publish with the official application link and re-check material terms on the scheduled refresh date.
Risks and conditions
The initial assessment carries a non-refundable NGN 50,000 fee. Admission is not a licence, and capital, bond, personnel and reporting obligations are material.
Sources
- Applysec.gov.ng/fintech-and-innovation-hub-finport/finport-programs-ri-and-arip
- Terms or second sourcesec.gov.ng/fintech-initial-assessment-form-iaf
This entry was checked against the provider’s own page. East Bridge Global does not run this programme, is not paid to list it and cannot influence a decision on your application. Terms and closing dates move without notice, so confirm them on the provider’s page before you commit time to it.
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