25 results
- 11 Sept 2025
FG Says Tax ID, NIN Mandatory for Financial Transactions from January 2026
Nigeria Tax Administration Act, 2025 specifies that beginning from January 2026, Nigerians will be required to provide their full details — including National Identification Number (NIN), Tax…
- E-Financial17 Aug 2026
PwC Nigeria Points at Ambiguities in Virtual Assets Tax Rules
PwC Nigeria have said Nigeria’s new tax guidelines for virtual assets provide welcome clarity but leave practical and legal uncertainties that could complicate
- 7 Mar 2024
SEC Mulls New Anti-money Laundering Regulations for Digital Assets Operators
The Securities and Exchange Commission (SEC) says it has developed new guidelines for licensing, registration and screening of digital and virtual assets service providers (VASPs). According to the…
- 14 Aug 2026
SEC Clears Blockchain for Accelerated Regulatory Incubation Programme
The Securities and Exchange Commission (SEC) has cleared additional Virtual Asset Service Providers (VASPs) for admission into its Accelerated Regulatory Incubation Programme (ARIP). Among the newly…
- 3 Aug 2026
NRS Announces 30 Percent Tax on Corporate Crypto Income
Nigeria Revenue Service (NRS) yesterday announced that medium and large companies in Nigeria that earn income from cryptocurrency and other virtual asset transactions will now be subject to a 30 per…
- News25 Aug 2026
SEC Proposes N2Bn Capital Requirement for Digital Asset Providers
Securities and Exchange Commission (SEC) has proposed a N30 million registration fee for digital asset providers operating in Nigeria.
- 24 Dec 2023
CBN Issues Circular Reversing 2021 Bitcoin Ban
Central Bank of Nigeria (CBN) at the weekend issued a circular to all banks and Financial Institutions that lifted its ban on bitcoin and outlined new guidelines for Virtual Asset Service Providers…
- 1 Apr 2025
New Investment Law Empowers SEC to Obtain User Data from Telcos
Nigeria’s newly signed Investment and Securities Act (ISA 2025) has empowered the Securities and Exchange Commission (SEC) to obtain user data from all telecom and electronic communication companies…
- 16 May 2022
SEC Affirms All Digital Assets as Securities in New Rulebook
Securities and Exchange Commission (SEC) has released a set of new regulations guiding the issuance, exchange and custody of digital assets in Nigeria. The regulations, among others, provide that…
- 10 Jul 2025
SEC DG Decries Digital Assets Fraud as Inimical to Market Integrity
Emomotimi Agama, Director General, Securities and Exchange Commission (SEC) has expressed concern over the growing threat of digital assets fraud, warning that it poses a significant challenge to…
- E-Financial19 Aug 2026
Banks, Others Report 42,082 Transactions to NFIU
Financial institutions in Nigeria filed 42,082 suspicious transactions reports to the Nigerian Financial Intelligence Unit (NFIU) in 2025, as financial institutions stepped up compliance with anti-money laundering regulations amid tighter regulatory oversight.
- 3 Aug 2025
West Africa Emerging as Crypto Adoption Epicentre- SEC Boss
West Africa is fast emerging as a global epicentre for virtual asset adoption, propelled by a young, tech-savvy population and macroeconomic instability, according to Dr. Emomotimi Agama,…
- 4 Aug 2025
SEC DG Warns as Crypto Adoption Rises in West Africa Without Proper Regulations
Dr. Emomotimi Agama, Director-General of the Securities and Exchange Commission (SEC) Nigeria, has said that West Africa is fast emerging as a global epicentre for virtual asset adoption, propelled…
- E-Business24 Aug 2026
SEC Proposes N2bn Capital Requirement, N30m Registration Fee for Crypto Firms
The Securities and Exchange Commission (SEC) has proposed a new regulatory framework for Nigeria’s digital asset industry, prescribing registration fees of N30 million and minimum capital requirements of up to N2 billion for operators in the rapidly expanding market.
- 16 Jul 2024
SEC to Introduce Weekly Cryptocurrency Transaction Monitoring
Securities and Exchange Commission (SEC) has announced new measures to oversee the cryptocurrency sector to combat financial crime. This move addresses a growing market while posing challenges for…
- 29 May 2025
SEC Alerts Public on Silverkuun, Trending Dubious Investment Schemes
Securities and Exchange Commission (SEC) has warned the public against investing in unregistered investment schemes, including Silverkuun Investment Cooperative Society/Silverkuun Limited. In a…
- 26 Jun 2024
SEC Gives Crypto Firms 30 Days to Register or Face Sanctions
Securities and Exchange Commission (SEC) has given cryptocurrency exchanges and digital assets traders 30 days to re-register their businesses—or risk facing enforcement actions. This announcement is…
- 16 Jan 2026
SEC Hikes Minimum Capital Requirements for Market Operators After a Decade
The Securities and Exchange Commission (SEC) has revised the minimum capital applicable to all categories of regulated capital market entities after 10 years. The minimum capital review, according to…
- 5 Nov 2025
Nigerian Lawmakers Engage Crypto Stakeholders on Landmark Regulatory Framework
The House of Representatives Ad-Hoc Committee on the Economic, Regulatory and Security Implications of Cryptocurrency Adoption and Point-of-Sale (POS) Operations in Nigeria recently held a crucial…
- 9 Sept 2024
SEC Gives Reasons for Approving Digital Exchanges
The Securities and Exchange Commission (SEC) has clarified that its recent decision to grant approval-in-principle to two cryptocurrency exchanges, Busha Digital Limited and Quidax Technologies…
- 14 Oct 2025
Reps Panel Says N1Bn Capital Base for Crypto Service Operators Excessive
House of Representatives Ad-hoc Committee on the Economic, Regulatory, and Security Implications of Cryptocurrency Adoption and Point-of-Sale (POS) Operations has described the N500 million to N1…
- 6 Oct 2025
Reps Plan to Regulate Cryptocurrency, PoS Operations
House of Representatives has constituted an Ad-hoc Committee to examine the regulatory and security implications of cryptocurrency adoption and Point-of-Sale (PoS) operations across Nigeria. Tajudeen…
- 19 Mar 2026
Binance is Missing from Ghana’s Crypto Sandbox
Ghana’s Securities and Exchange Commission has given the nod to 11 crypto trading platforms to participate in its new regulatory sandbox programme, its first major step in support of crypto after…
- 18 Jan 2026
Nigeria Processed $92.1Bn Crypto Transactions in 12 Months — PwC
Despite lingering regulatory uncertainty, Nigeria processed an estimated $92.1 billion in cryptocurrency transactions between July 2024 and June 2025, reaffirming its position as Sub-Saharan Africa’s…
- 13 Feb 2025
Nigeria Worst Hit by Crypto Currency Fraud
Fraud in the crypto industry in African continent has soared by 48 percent over the past year and Nigeria is worst hit according to report by CAJ News. This is according to the Sumsub State of the…