Story perspectives

Nigeria Moves Forward with Cryptocurrency Regulation in 2025

10/19/2025

Summary

Story summary

Nigeria is advancing cryptocurrency regulation through the Investment and Securities Act (ISA) of 2025, which is not perfect but marks progress, according to Obinna Iwuno, president of the Stakeholders in Blockchain Technology Association of Nigeria (SIBAN).
The Nigerian Securities and Exchange Commission (SEC) has begun programs to test crypto businesses under controlled conditions.
Crypto adoption is rising in Nigeria, driven by a young population seeking efficient transactions.

History

Historical Context

In 2021, Nigeria amended its Investment and Securities Act to regulate digital assets, responding to a 300% surge in cryptocurrency transactions among young Nigerians. This move aligns with a global shift towards digital finance, aiming to create a secure environment for innovation while safeguarding investors, reflecting broader trends in cryptocurrency regulation seen in various countries.

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Story summary

Nigeria is advancing cryptocurrency regulation through the Investment and Securities Act (ISA) of 2025, which is not perfect but marks progress, according to Obinna Iwuno, president of the Stakeholders in Blockchain Technology Association of Nigeria (SIBAN).
The Nigerian Securities and Exchange Commission (SEC) has begun programs to test crypto businesses under controlled conditions.
Crypto adoption is rising in Nigeria, driven by a young population seeking efficient transactions.

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