Tinubu signs executive order as Nigeria opens up to cryptocurrency

Nigeria's President Tinubu signed an executive order establishing a Virtual Asset Council and regulatory sandbox for cryptocurrencies and stablecoins, marking a shift from the central bank's 2021 ban on crypto transactions. The framework aims to harmonise regulation across financial agencies whilst protecting citizens and enabling responsible innovation in a market where 40% of Nigerians already use crypto for international transfers.

This Wire brief sits within Fusion42's coverage of Fintech. Wire is Fusion42's founder-focused intelligence feed: each story is connected to the funds and startups it names — every one with a live profile on Raise or Scout — so founders can follow the capital and the momentum behind the headline rather than just the headline itself. Wire analysis is one of the live surfaces Arthur reasons over.