Nigeria's president signs law classifying crypto as securities: report

Africa Crypto Week in Review: DePIN Summit Comes to Kenya, South Africa Tops in Merchant Crypto Payments, Nigeria Enacts New Securities Law

Africa crypto news: Kenya crypto news was dominated by the DePIN Summit in July, as South Africa crypto news shows that the country leads merchant payments. In Nigeria, will this new crypto law spark growth? Unsurprisingly, South Africa is the most sophisticated crypto market on the continent, primarily due to its merchant crypto payment prowess. Meanwhile, Kenya will host the next edition of the DePIN Network annual crypto event. On the western…

The difference between cNGN and eNaira: expert opinion on potential, adoption

What exactly is cNGN, and why does it matter? You may be wondering. At its core, cNGN is Nigeria’s first regulated stablecoin, launched in February 2025 and pegged 1:1 to the Nigerian Naira and fully backed by a reserve of safe assets like bank deposits, cash notes, government bonds, and treasury bills. Developed by WrappedCBDC Ltd. in partnership with Convexity, Interstellar, and AlphaGeeks Tech. cNGN operates under the supervision of the Niger…

STAYING INFORMED, STAYING AHEAD: A REVIEW OF THE INVESTMENTS AND SECURITIES ACT 2024 – Pavestones Legal

BY ADERONKE ALEX-ADEDIPE AND HILLARY OKOROTIE Introduction On March 29, 2025, President Bola Ahmed Tinubu, signed into law the Investment and Securities Act (the “Act”) 2024, repealing the Investment and Securities Act(“ISA”)of 2007. The Act introduces significant changes to the Nigerian capital market which aims to expand the regulatory oversight of the Securities and Exchange Commission, strengthen market regulation and enhance investor prote…

SEC Says ISA 2025 Will Revolutionize Nigeria's Capital Market and Economy - TV360 Nigeria

The Securities and Exchange Commission (SEC) has described the Investments and Securities Act (ISA) 2025 as a groundbreaking law that holds immense potential to stimulate growth in Nigeria’s capital market and broader economy. In an interview in Abuja, SEC’s Director-General, Emomotimi Agama, highlighted key features of the new law, emphasizing that it would help maintain Nigeria’s standing in the global financial system. He explained that one o…

Crypto News: Nigeria President Signs New Law Strengthening SEC Oversight of Cryptocurrencies

Nigeria has officially recognized crypto as securities after the president signed the Investments and Securities Act 2024 (ISA 2024) into law.  The ACT strictly protects investors, imposing at least 10 years of prison term on people convicted of Ponzi schemes.  Nigeria President Bola Ahmed Tinubu boldly signed the Investments and Securities Act 2024 (ISA 2024) into law, repealing the Investments and Securities Act No. 29 of 2007. This implies th…

ISA 2025: Nigeria Embraces Crypto Regulation in Landmark SEC Reform

Nigeria has taken a historic step toward crypto adoption with the formal recognition of cryptocurrencies as securities under the newly signed Investment and Securities Act (ISA) 2025. Signed into law by President Bola Tinubu, the Act ends over a decade of regulatory ambiguity around digital assets and establishes a new chapter for blockchain innovation in Africa’s largest economy. The ISA 2025 designates cryptocurrencies, virtual assets, and inv…