Regulatory Compliance Vault

Nigerian financial sector compliance directory — Acts, Regulations, Guidelines and Circulars from PenCom, CBN, NAICOM, SEC and NDPC.

PenCom Regulation 24 Sep 2025
The Revised Regulation on Investment of Pension Fund Assets

Revises allowable asset classes, quality thresholds and portfolio limits for pension fund investment under the multi-fund structure; supersedes the February 2019 amended investment…

Applies To
PFAs (investment)
Effective
24 Sep 2025
Compliance Deadline
CBN Directive 26 Aug 2025
Migration to ISO 20022 Standard for Payment Messaging and Mandatory Geo-Tagging of Payment Terminals

Mandates industry-wide migration to the ISO 20022 payment messaging standard and requires geo-tagging of payment terminals.

Applies To
Banks, payment service providers, switch…
Effective
26 Aug 2025
Compliance Deadline
NAICOM Circular 14 Aug 2025
Recapitalisation Circular under NIIRA 2025 (Minimum Capital Requirements)

Commences the recapitalisation exercise: insurers and reinsurers must meet the new MCR and applicable risk-based capital framework on or before 30 July 2026. Encumbered assets, ass…

Applies To
All licensed insurers and reinsurers.
Effective
14 Aug 2025
Compliance Deadline
30 Jul 2026
NAICOM Act 05 Aug 2025
Nigerian Insurance Industry Reform Act (NIIRA) 2025

Landmark reform signed 5 August 2025, repealing the Insurance Act 2003 and consolidating prior legislation. Introduces higher minimum capital (₦10bn life, ₦15bn non-life, ₦35bn rei…

Applies To
All insurers, reinsurers, intermediaries…
Effective
05 Aug 2025
Compliance Deadline
SEC Rule 15 Jul 2025
Draft Amendments to Digital Asset Rules (Stablecoins and CASPs)

Exposure of amendments defining and addressing stablecoins and crypto-asset service providers, refining the 2022 digital asset rules in light of ISA 2025 and the NTAA 2025 virtual …

Applies To
Stablecoin issuers, CASPs, VASPs and dig…
Effective
15 Jul 2025
Compliance Deadline
NAICOM Guideline 01 Jul 2025
Guidelines for Insurtech Operations in Nigeria

Sets requirements for insurtech firms and technology-driven insurance operations in Nigeria. Date reflects site upload; underlying issue date unconfirmed.

Applies To
Insurtech operators and insurers using i…
Effective
01 Jul 2025
Compliance Deadline
PenCom Guideline 30 Jun 2025
Revised ICT Guidelines for Pension Fund Operators

Refreshed information technology standards for pension operators covering IT governance, cybersecurity controls, business continuity and system audit expectations.

Applies To
All licensed pension fund operators (PFA…
Effective
30 Jun 2025
Compliance Deadline
NAICOM Circular 01 Jun 2025
Circular on Advert (June 2025)

Circular setting requirements and restrictions on insurance advertising.

Applies To
Insurers, brokers and intermediaries pla…
Effective
01 Jun 2025
Compliance Deadline
SEC Rule 01 Jun 2025
Rules on Credit Enhancement Facility Providers and Sundry Amendment to Existing Rules

Introduces new rules governing Credit Enhancement Facility Providers, plus amendments to Rule 45 (Registrable Functions) and Schedule 1 Parts A and B (registration fees, minimum ca…

Applies To
Credit enhancement facility providers; c…
Effective
01 Jun 2025
Compliance Deadline
CBN Circular 23 May 2025
Notification of the Deployment of the Nigerian Non-Interest Financial Institutions Master Repurchase Agreement (NNMRA) and Commencement of Auction of CNI-ABS and CNIN

Introduces new non-interest monetary policy instruments (CNI-ABS and CNIN) and the master repurchase agreement governing their use.

Applies To
Non-interest financial institutions.
Effective
23 May 2025
Compliance Deadline
NAICOM Regulation 15 May 2025
Revised Regulation on Insurance of Leased Aircraft

Revises requirements for insurance of leased aircraft, addressing local content, placement and documentation standards for aviation risks.

Applies To
Insurers underwriting aviation risks; ai…
Effective
15 May 2025
Compliance Deadline
NAICOM Guideline 01 May 2025
Guidelines for Insurance of Government Assets and Liabilities for MDAs and Other Stakeholders

Sets standards for insuring government assets and liabilities held by Ministries, Departments and Agencies (MDAs) and other public-sector stakeholders.

Applies To
MDAs, government agencies, and insurers …
Effective
01 May 2025
Compliance Deadline

This vault is a monitoring aid, not legal advice; always confirm against the regulator's official publication.