The regulatory body developing a framework for digital assets in Nigeria, aiming to enhance the crypto environment.
Nigeria’s SEC raises capital requirement threshold for fintechs and virtual asset providers
The SEC announced a revision of minimum capital requirements for operators in Nigeria's capital market. New capital standards aim to strengthen financial resilience and align with global best practices.
Nigeria’s Rise as a Blockchain Powerhouse
Nigeria ranks among the top ten globally for cryptocurrency adoption, with $59 billion in cryptocurrency value received between July 2023 and June 2024. The youthful demographic, with over 60% of the population under 25, is a key driver of blockchain adoption.
Nigerian crypto companies should be cautious as SEC recognises crypto as securities
The Nigerian SEC has classified cryptocurrencies as securities under the ISA 2025. This legal recognition has been met with excitement in the crypto community, but caution is advised.
Quidax joins Busha to list SEC-regulated cNGN stablecoin amid crypto push
Quidax received a provisional license in August 2024. cNGN, Nigeria's first regulated stablecoin, was listed by Quidax on March 12.
Nigerian Fintech Risevest Obtains U.S. Broker-Dealer License, Expanding Global Reach
Risevest has acquired a U.S. broker-dealer license through its affiliate, Risevest Financial Securities Limited. This achievement makes Risevest the second Nigerian financial organization to obtain a U.S. broker-dealer license, following Bamboo.
