PRESIDENT TINUBU SIGNS EXECUTIVE ORDER ON VIRTUAL ASSETS, ESTABLISHES…

President Tinubu signed an executive order establishing a Virtual Asset Council to harmonise fragmented cryptocurrency and digital asset regulation across Nigeria's financial, revenue and capital markets agencies. The framework creates a coordination body chaired by the Central Bank with no new regulator, whilst establishing a regulatory sandbox and tax policy for virtual assets. If you're building fintech or crypto infrastructure in Nigeria, the gaps unregistered operators exploited just closed—but the door for legitimate players opened wider. You now have a single coordination point (not five competing regulators) and a sandbox to test products before full launch, plus published tax rules that replace the guessing game.