Tinubu Signs Executive Order To Harmonise Nigeria's Virtual Asset Reg…

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. 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.