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    Is crypto legal in Nigeria?

    Not legal advice. Below are the regulators’ own words, quoted from their official pages on the dates shown. Laws and rules change: check the regulator’s site before you open an account.

    Facts verified on October 18, 2026

    In Nigeria, the Securities and Exchange Commission (SEC Nigeria) regulates the capital market and has published statements on digital assets and on virtual asset service providers (VASPs).

    The quotes below come from two SEC publications. The first is its Statement on Digital Assets and their Classification and Treatment, published on September 14, 2020, which sets out the Commission’s position on virtual crypto assets. It was made under the Investments and Securities Act, 2007; the SEC website states that the President has assented to the Investments and Securities Bill 2025, which repeals that Act.

    The second is a release published on July 3, 2026 about the admission of VASPs into the SEC’s Accelerated Regulatory Incubation Programme (ARIP). The quotes from it explain what ARIP is, what an Approval-in-Principle under the programme means and that it is not a final licence, and what the SEC advises members of the investing public to do before engaging with anyone promoting investment products or services.

    The quotes are in their original language, English, and carry the dates of the publications they come from. The SEC’s search for registered operators is linked below.

    What the regulator says

    Regulators and registers

    What this means on Wealth.cat

    This is our own advertising policy, not a statement about what the law allows.

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