Wire · regulatory
Nigeria Signs Executive Order To Unify Crypto Regulation and Taxation
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Fusion42 · 21 July 2026 · Fusion42 review
Nigeria's President Tinubu signed an executive order establishing a virtual asset council to unify crypto regulation across fragmented agencies, while the tax authority implements mandatory transaction linking to tax and national identification numbers. Nigeria accounts for 60% of sub-Saharan Africa's stablecoin inflows, making it a critical market for digital asset compliance.
This Wire brief sits within Fusion42's coverage of Fintech, and 7 sources have reported it between 18 Jul 2026 and 24 Jul 2026.
◆ ◆ The Wire takeaway
If you operate stablecoins or remittance rails in Nigeria, you now have a single regulator to licence with instead of three—but transactions must tie to national ID numbers, closing the payment workaround that made the market valuable in the first place. You have weeks to map compliance or exit the largest stablecoin market in sub-Saharan Africa.
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7 sources · first reported 18 Jul 2026 · latest 24 Jul 2026
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