International records / OpenAlex research

Regulation of Virtual Assets in Nigeria

Nigeria’s regulatory architecture for virtual assets is undergoing significant transformation, following the enactment of the Investment and Securities Act (ISA) 2025, which repealed the 2007 framework. A key innovation of the new Act is the formal recognition of digital and virtual assets as securities, along with granting the Securities and Exchange Commission explicit statutory authority to regulate this asset class. Since 2020, the SEC has issued targeted rules for virtual assets that qualify as securities, including frameworks for Virtual Asset Service Providers (VASPs), offering platform…