The 2026 Executive Order on Virtual Assets Coordination seeks to address regulatory fragmentation by establishing a coordinated framework for Nigeria’s virtual asset sector. This article examines the roles of the CBN, SEC and tax authorities, the treatment of securities and non-securities activities, and what operators should consider regarding licensing, capital requirements, compliance and market entry.
Authors:
Tolulope Olayiwola, Associate, tolulope@detailsolicitors.com
Olawunmi Alade, Partner, olawunmi@detailsolicitors.com