Nigeria Sets New Stablecoin Licensing Rules and Capital Requirements
Published . Updated .
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TL;DR: Nigeria’s central bank issued a new framework on November 5 for non-security virtual assets, with separate stablecoin licences tied to naira and foreign-currency tokens. The rules introduce reserve, capital and local-presence obligations and ban certain algorithmic
Directly affected
- No company is named in this report.
Indirectly affected
- IBIT iShares Bitcoin Trust-8.0% 30d
iShares Bitcoin Trust: it follows bitcoin. Linked by “stablecoin” (crypto) in this story.
- AFK VanEck Africa Index ETF
VanEck Africa Index ETF holds stocks listed in Africa, which this story is about (“nigeria”).
- CEW WisdomTree Emerging Currency Strategy Fund
WisdomTree Emerging Currency Strategy Fund holds emerging-market currencies, which move on news like this from Africa.
- EMB iShares J.P. Morgan USD Emerging Markets Bond ETF+0.3% 6d
iShares J.P. Morgan USD Emerging Markets Bond ETF holds emerging-market government bonds, which react to inflation and interest-rate news like this one in Africa
- EMLC VanEck J.P. Morgan EM Local Currency Bond ETF-2.9% 30d
VanEck J.P. Morgan EM Local Currency Bond ETF holds emerging-market bonds in local currencies, which move with rate and currency news like this from Africa.
- EEM iShares MSCI Emerging Markets ETF-4.4% 17d
iShares MSCI Emerging Markets ETF is a broad fund of emerging-market stocks that includes Africa
- COIN Coinbase Global-29.8% 30d
Coinbase Global (finance services): crypto firms' revenue moves with crypto prices and rules. Linked by “stablecoin” (crypto) in this story.
- MSTR Strategy-16.4% 30d
Strategy (finance services): crypto firms' revenue moves with crypto prices and rules. Linked by “stablecoin” (crypto) in this story.
Price reaction, T-5 to T+3
| Ticker | T-5 | T-3 | T-1 | T0 | T+1 | T+2 | T+3 |
|---|---|---|---|---|---|---|---|
| IBIT | +1.12% | +5.69% | base | after close | after close | after close | after close |
| AFK | -4.17% | -1.13% | base | after close | after close | after close | after close |
| CEW | +0.00% | +0.00% | base | after close | after close | after close | after close |
| EMB | -0.23% | +0.42% | base | after close | after close | after close | after close |
| EMLC | -0.30% | +0.30% | base | after close | after close | after close | after close |
| EEM | +3.03% | +3.88% | base | after close | after close | after close | after close |
| COIN | +2.28% | +12.47% | base | after close | after close | after close | after close |
| MSTR | +1.36% | +10.45% | base | after close | after close | after close | after close |
Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.
Nigeria Sets New Stablecoin Licensing Rules and Capital Requirements TradingView
Source: TradingView
The price since 7 Nov 2026: iShares Bitcoin Trust ETF (IBIT) versus the S&P 500
| Company | When | Move | Status |
|---|---|---|---|
| Vaneck Etf Trust (AFK) | three days earlier | -1.13% | final price |
| Vaneck Etf Trust (AFK) | five days earlier | -4.17% | final price |
| CEW | three days earlier | 0.00% | final price |
| CEW | five days earlier | 0.00% | final price |
| Coinbase Global (COIN) | three days earlier | +12.47% | final price |
| Coinbase Global (COIN) | five days earlier | +2.28% | final price |
| EEM | three days earlier | +3.88% | final price |
| EEM | five days earlier | +3.03% | final price |
| EMB | three days earlier | +0.42% | final price |
| EMB | five days earlier | -0.23% | final price |
| EMLC | three days earlier | +0.30% | final price |
| EMLC | five days earlier | -0.30% | final price |
| iShares Bitcoin Trust ETF (IBIT) | three days earlier | +5.69% | final price |
| iShares Bitcoin Trust ETF (IBIT) | five days earlier | +1.12% | final price |
| Strategy (MSTR) | three days earlier | +10.45% | final price |
| Strategy (MSTR) | five days earlier | +1.36% | final price |
Trades by members of Congress and officials in the stocks in this story
- Rep. Rohit Khanna bought Coinbase Global (COIN) (held by a spouse), worth $1,001 - $15,000 on 4 Sep 2026. That is 64 days before publication. Filed 7 Oct 2026. View the filing.
- Rep. Gilbert Cisneros sold Coinbase Global (COIN), worth $1,001 - $15,000 on 18 Aug 2026. That is 81 days before publication. Filed 10 Sep 2026. View the filing.
- Donald J Trump, an executive branch official, sold Coinbase Global (COIN), worth $1,001 - $15,000 on 10 Aug 2026. That is 89 days before publication. Filed 8 Oct 2026. View the filing.
- Donald J Trump, an executive branch official, bought Strategy (MSTR), worth $1,001 - $15,000 on 10 Aug 2026. That is 89 days before publication. Filed 8 Oct 2026. View the filing.
Public disclosure filings, not a recommendation. The filing link is the source document. News use of these reports still sits under 5 U.S.C. § 13107(c).
Who gains and who loses around iShares Bitcoin Trust ETF (IBIT)
Companies mentioned with this story
- IBIT iShares Bitcoin Trust ETF
For “Nigeria Sets New Stablecoin Licensing Rules and Capital Requirements,” iShares Bitcoin Trust ETF (IBIT) is linked, with no stored direction, medium confidence. Reason on file: iShares Bitcoin Trust: it follows bitcoin. Linked by “stablecoin” (crypto) in this story
- AFK Vaneck Etf Trust
In “Nigeria Sets New Stablecoin Licensing Rules and Capital Requirements,” Vaneck Etf Trust (AFK) is linked, with no stored direction, medium confidence. Reason on file: VanEck Africa Index ETF holds stocks listed in Africa, which this story is about (“nigeria”)
- COIN Coinbase Global
For “Nigeria Sets New Stablecoin Licensing Rules and Capital Requirements,” Coinbase Global (COIN) is linked, with no stored direction, medium confidence. Reason on file: Coinbase Global (finance services): crypto firms' revenue moves with crypto prices and rules. Linked by “stablecoin” (crypto) in this story
- MSTR Strategy
For “Nigeria Sets New Stablecoin Licensing Rules and Capital Requirements,” Strategy (MSTR) is linked, with no stored direction, medium confidence. Reason on file: Strategy (finance services): crypto firms' revenue moves with crypto prices and rules. Linked by “stablecoin” (crypto) in this story
- MARA MARA Holdings
In “Nigeria Sets New Stablecoin Licensing Rules and Capital Requirements,” MARA Holdings (MARA) is linked, with no stored direction, medium confidence. Reason on file: MARA Holdings (finance services): crypto firms' revenue moves with crypto prices and rules. Linked by “stablecoin” (crypto) in this story
- RIOT Riot Platforms
Riot Platforms (RIOT) is linked, with no stored direction, medium confidence in the 7 Nov 2026 story “Nigeria Sets New Stablecoin Licensing Rules and Capital Requirements.” Reason on file: Riot Platforms (finance services): crypto firms' revenue moves with crypto prices and rules. Linked by “stablecoin” (crypto) in this story
iShares Bitcoin Trust ETF (IBIT)
On 7 Nov 2026, “Nigeria Sets New Stablecoin Licensing Rules and Capital Requirements” is the story that connects iShares Bitcoin Trust ETF (IBIT) to this story.
iShares Bitcoin Trust ETF (IBIT) is on the page because iShares Bitcoin Trust: it follows bitcoin. Linked by “stablecoin” (crypto) in this story
Also listed, Vaneck Etf Trust (AFK): VanEck Africa Index ETF holds stocks listed in Africa, which this story is about (“nigeria”)
The price range for iShares Bitcoin Trust ETF (IBIT), and the dates in the story
AFK traded between 25.64 and 25.83 across 1 sessions. The latest close on file is 25.83. COIN traded between 131.62 and 185.47 across 20 sessions. The latest close on file is 134.69. IBIT traded between 43.03 and 48.07 across 20 sessions. The latest close on file is 44.03.
What the saved facts support for iShares Bitcoin Trust ETF (IBIT)
46 out of 100
“Nigeria Sets New Stablecoin Licensing Rules and Capital Requirements” scores 46 out of 100. The score uses 1 sources, and 6 linked companies.