Nigeria has a clear regulatory framework for capital markets, recently updated with the Investments and Securities Bill (ISB) 2025, which repeals the previous 2007 Act. The Securities and Exchange Commission (SEC) actively promotes growth and openness in financial markets.
| Status | Legal |
| Risk Score | 45/100 (Moderate Risk) |
| Region | africa west |
| Currency | NGN |
| Adoption Rank | #2 |
| Capital Gains (Personal) | 10% capital gains tax |
| Capital Gains (Corporate) | 30% companies income tax |
| VAT on Crypto | No |
| Required | Yes |
| Regulator | SEC Nigeria |
| Framework | Investments and Securities Bill (ISB) 2025 |
| Ease | medium |
| Cost | $18,000 - $500,000 |
Licensing is governed under the ISB 2025 and SEC Rules on Digital Assets, requiring registration and compliance with capital market regulations.
Status: regulated
DeFi activities are regulated under the SEC Rules on Digital Assets, requiring compliance with existing securities laws.
Status: regulated
Stablecoins are regulated under the Investments and Securities Bill (ISB) 2025 and SEC Rules, requiring adherence to capital market regulations.
Status: no_rules
No NFT-specific regulation. NFTs with securities characteristics could fall under SEC oversight. Nigeria has a growing NFT art scene but regulation has not kept pace.
| Legal | Yes |
| Electricity | $0.065/kWh |
| Renewable | 18% |
| Infrastructure | fair |
Mining is legal but restricted due to energy constraints and regulatory oversight. Infrastructure is developing but limited by grid reliability.
| Stability | moderate |
| Sanctions | No |
| Corruption Index | 25/100 |
| Banking Access | moderate |
Last reviewed: 2026-04-13 · Data source: Soken Crypto Legal Map
← Back to Crypto Map