Nigeria’s SEC cites due diligence delays in crypto licence freeze
The SEC has delayed issuing new provisional licenses to crypto startups under its ARIP. Director General Emomotimi Agama cited the need for additional due diligence as the reason for the delay.
Sycamore secures SEC licence, appoints new asset management head
Sycamore secured a fund and portfolio management license from the Securities and Exchange Commission (SEC). Oluwagbenga Magbagbeola was appointed to lead Sycamore's asset management division.
Nigeria Moves to Tax Cryptocurrency Transactions
Nigeria is amending regulations to tax cryptocurrency trading and digitized transactions. The SEC is drafting new rules to ensure transactions on regulated exchanges are taxed.
5 ways to navigate blockchain regulation in 2025, according to experts
Severe clampdown on crypto companies in 2024 Awarding of the first crypto exchange licenses in Nigeria
Nigeria Prepares for Comprehensive Tax Reform, Including Cryptocurrency Regulation
The Nigerian government plans to introduce new tax legislation by September 2024, including regulations for the cryptocurrency industry. The Federal Inland Revenue Service (FIRS) aims to streamline revenue administration and simplify tax laws.
