Nigeria: Securities

The CBN, NIS, NCC, FRCN) and SEC issued a series of Press Releases, Circulars, Directives, Public Notices and Guidelines in December 2025, containing information and directives for the Financial Services, Immigration, Telecommunication, and the general public.

The rapid evolution of digital finance has amplified the need for regulatory frameworks. Transformative technologies such as cryptocurrency e.g. stablecoins, amongst others, are already used for payments, remittances and cross-border settlements.

Due to certain accounting and legal reasons, companies seeking to maintain liquidity and therefore keep business afloat, may choose to take only financial measures incurring of limited financial liability.

The Securities and Exchange Commission (SEC) announced the Accelerated Regulatory Incubation Programme (ARIP) Framework on June 21, 2024, aiming to improve compliance with regulations and expedite the onboarding process for Virtual Assets Service Providers (VASPs) and Digital Investments Service Providers.

The commodity market is a significant driver of Nigeria's economic output, contributing between one - third and two - fifths of the national GDP .

With the enactment of the Investment and Securities Act 2025, virtual assets/digital assets including cryptocurrencies, Non-Fungible Tokens, etc. can now be legally traded and transacted in Nigeria subject to satisfying applicable legal requirements.

Barely a month after the much-celebrated reopening of the Warri Refining and Petrochemical Company, the Refinery has come to a grinding halt.

Nigeria has continuously experienced a surging adoption of digital assets, with revenues in 2025 projected at over US$1.5 billion.

Nigeria has experienced a significant increase in Ponzi schemes and related investment activities, which often exploit vulnerable segments...