---
type: country
domain: web3-compliance
status: compiled
tags: [Legal, Crypto Tax, Crypto Regulation, Country]
aliases: [Nigeria]
created: 2026-05-06
compile_into: ""
source_url: "https://soken.io/crypto-map/countries/nigeria.html"
title: "[nigeria|Nigeria](https://soken.io/crypto-map/countries/nigeria|Nigeria.html) (NG)  Crypto Regulation | Soken"
description: Nigeria has a clear regulatory framework for capital markets including crypto, with the Investments and Securities Bill (ISB) 2025 recently enacted to replace the previous 2007 Act. The SEC is actively promoting market growth and investor p
scraped_at: "2026-05-06T09:10:02.306650+00:00"
slug: crypto-map-countries-nigeria.html
---


# [nigeria|Nigeria](https://soken.io/crypto-map/countries/nigeria|Nigeria.html) (NG)  Crypto Regulation | Soken

---
type: country
domain: crypto-regulation
status: stable
tags: ["crypto-regulation", "africa_west", "giaba", "legal"]
aliases: ["NG", "NGA"]
created: 2026-05-06
updated: 2026-01-20
compile_into: ["[nigeria](https://soken.io/crypto-map/countries/nigeria.html)"]
sources:
  - name: "Securities and Exchange Commission Nigeria"
    url: "https://www.sec.gov.ng"
    type: "official"
  - name: "National Assembly of Nigeria"
    url: "https://www.nassnig.org"
    type: "official"
  - name: "Central Bank of Nigeria"
    url: "https://www.cbn.gov.ng"
    type: "official"
---

# 🇳🇬 [nigeria|Nigeria](https://soken.io/crypto-map/countries/nigeria|Nigeria.html) (NG) — Crypto Regulation

> Nigeria has a clear regulatory framework for capital markets including crypto, with the Investments and Securities Bill (ISB) 2025 recently enacted to replace the previous 2007 Act. The SEC is actively promoting market growth and investor protection.

## Overview

| Field | Value |
|-------|-------|
| Status | Legal |
| Risk Score | 45/100 (Moderate Risk) |
| Enforcement Level | Moderate |
| Region | [domain--africa|africa west](https://soken.io/kb/crypto-map-countries/domain--africa|africa west.md) |
| Currency | [entity--ngn|NGN](https://soken.io/kb/crypto-map-countries/entity--ngn|NGN.md) |
| Adoption Rank | #2 |

## Tax

| Type | Rate |
|------|------|
| VAT on Crypto | No |

## Licensing

| Field | Value |
|-------|-------|
| Required | Yes |
| Regulator | [entity--sec-nigeria|SEC Nigeria](https://soken.io/kb/crypto-map-countries/entity--sec-nigeria|SEC Nigeria.md) / CBN |
| Framework | Investments and Securities Bill (ISB) 2025 |
| Ease | medium |
| Cost | $18,000 - $500,000 |
| Timeline | 3-12 months |

Licensing is governed under the ISB 2025 which repealed the previous 2007 Act, providing a modernized framework for crypto service providers.

## AML / KYC

| Field | Value |
|-------|-------|
| KYC Required | Yes |
| Travel Rule | Yes |
| FATF Member | No |
| FATF Status | fsrb_only |

## DeFi

**Status:** regulated

DeFi activities are regulated under the ISB 2025 framework, requiring compliance with AML and licensing rules.

## Stablecoins

**Status:** regulated

Stablecoins are regulated under the ISB 2025, requiring issuers to comply with licensing and AML provisions.

## NFTs

**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.

## Mining

| Field | Value |
|-------|-------|
| Legal | Yes |
| Electricity Cost | $0.065/kWh |
| Renewable Energy | 18% |
| Climate | tropical |
| Infrastructure | fair |

Mining is legal but restricted due to grid constraints and regulatory oversight. Electricity cost is moderate with limited renewable energy share.

## Geopolitics

| Field | Value |
|-------|-------|
| Stability | moderate |
| Sanctions | No |
| Corruption Index | 25/100 |
| Ease of Business | difficult |
| Internet Freedom | partly_free |
| Banking Access | restricted |
| Sanctions Programs Active | No |

### Recent Political Events

- 2025-12: Enactment of Investments and Securities Bill (ISB) 2025 — Provides clearer regulatory framework for crypto and capital markets, improving investor confidence

## Enforcement

Nigerian authorities detained Binance executives in early 2024 over tax and money laundering allegations. The EFCC has pursued cases involving crypto-related fraud. SEC has warned against unlicensed platforms.

## CBDC

| Field | Value |
|-------|-------|
| Status | launched |
| Name | e-Naira |
| Authority | Central Bank of Nigeria |
| Type | hybrid |
| Launched | 2021-10-25 |

---

*Data source: [Soken Crypto Legal Map](https://soken.io/crypto-map/). Last reviewed: 2026-05-06.*

**Sources:**
- [Securities and Exchange Commission Nigeria](https://www.sec.gov.ng)
- [National Assembly of Nigeria](https://www.nassnig.org)
- [Central Bank of Nigeria](https://www.cbn.gov.ng)


<!-- soken-kb-wikilinks -->
[nigeria](https://soken.io/crypto-map/countries/nigeria.html) [niger](https://soken.io/crypto-map/countries/niger.html) [index](https://soken.io/) [crypto-map](https://soken.io/crypto-map/)


<!-- soken-kb-augmented v1 -->
[crypto-map](https://soken.io/crypto-map/)

---

## Translations