SEC Proposes New Amendments to its Rules on Issuance, Offering Platforms and Custody of Digital Assets
On 15th March 2024, the Securities and Exchange Commission (SEC) in Nigeria proposed amendments to its rules on digital assets including the introduction of additional requirements for virtual asset service providers.
7 March 2024
Navigating the Regulatory Headwinds for Crypto Exchanges in Nigeria
In what is widely considered an intensified effort to defend the Naira, the Central Bank of Nigeria (CBN) appears to have taken several steps against crypto exchanges, including blocking access to the websites of several global crypto exchanges.
2 February 2024
Central Bank of Nigeria Issues New International Money Transfer Operators Rules for Remittances in Nigeria
Diaspora remittances now account for a significant portion of Nigeria’s foreign exchange inflow, surpassing foreign direct investment over the past eight years.