Nigeria, which until recently had been reluctant to seek international help to combat Boko Haram, requested earlier this week the group be sanctioned.
As a result, it is now subject to an international asset freeze, travel ban and arms embargo.
Boko Haram kidnapped the girls from a secondary school in Chibok in remote northeastern Nigeria on April 14 and has threatened to sell them into slavery.
Eight other girls were taken from another village earlier this month.
The demonstrators converged at a popular intersection in Nigeria's capital Abuja to continue their sit-in protest.
Chairperson of Chibok community residents In Abuja, Tsambido Hosea Abana welcomed the actions of the UN security council.
"The international community coming together to conceal Boko Haram as al Qaeda is good, because al Qaeda I thought they are even more stronger than Boko Haram, so if the kind of fight where the international community is fighting al Qaeda, if they will do the same to Boko Haram, they will overpower them very soon," he said.
UN World Summit Youth Awareness Ambassador, Vintage Sam Okoroafor expressed mixed feelings over the sanctions.
"The impact could be positive, it could be negative. The positive impact is that, they cannot take their activities outside this country, they cannot leave this country with their activities, they cannot affect any other country except Nigeria. But the negative impact is that it affects us, it's killing the people. And as long as Nigeria continues to be part of the United Nation, we have to be fought for, the citizens have to be represented," Sam said.
Boko Haram, which in the Hausa language means broadly "Western education is sinful," is loosely modeled on the Taliban movement in Afghanistan.
The UN listing entry describes Boko Haram as an affiliate of al Qaeda and the Organization of al Qaeda in the Islamic Maghreb (AQIM).
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