Crypto & Digital Assets - Nigeria

RegulatedInvestments and Securities Act (ISA) 2025 + SEC Rules on Issuance, Offering Platforms and Custody of Digital Assets (as amended), administered by the Securities and Exchange Commission (SEC)

Nigeria regulates crypto exchanges and VASPs under the ISA 2025 (signed 29 March 2025, gazetted 2 May 2025), which for the first time statutorily classifies virtual/digital assets as securities and gives the SEC express power to register and supervise VASPs, Digital Asset Exchanges (DAXs) and custodians. Registration runs through the SEC's Digital Assets Rules and the Accelerated Regulatory Incubation Program (ARIP), an approval-in-principle pathway that lets qualified firms operate under SEC supervision while completing full registration. The regime is in force, with sharply increased capital thresholds being phased in toward a 2027 compliance deadline.

Machine-assisted translation · verified 5/23/2026 · orientation, not legal advice. English version →