Tinubu Signs Executive Order To Harmonise Nigeria's Virtual Asset Regulation, Tackle Fraud

Nigeria's president has signed an executive order establishing a Virtual Asset Council chaired by the Central Bank to harmonise regulation across fragmented agencies, close gaps exploited by fraudsters, and enable supervised innovation through a regulatory sandbox. The framework coordinates existing regulators without creating a new one, with registration routed by asset type (securities via SEC, payments/custody via CBN) and tax policy to follow from the Revenue Service.

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, Fusion42's AI co-founder, reasons over.