Wire · regulatory
Tinubu Signs Executive Order To Harmonise Nigeria's Virtual Asset Regulation, Tackle Fraud
◆ Sectors
◆ Geography
◆ Source
◆ Verified
Fusion42 · 17 July 2026 · Fusion42 review
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.
◆ ◆ The Wire takeaway
If you're building fintech or crypto infrastructure in Nigeria, the regulatory sandbox just opened and the government has drawn a clear map: securities go to SEC, payments and custody to CBN, tax filing to NRS. You now have a 30-day window to get ahead of the harmonised framework before other players flood in.
◆ Coverage
1 source · 17 Jul 2026
◆ Related on Wire
◆ Topics