Nigeria Confirms Readiness For Stablecoin Operations

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Nigeria Confirms Readiness For Stablecoin Operations – Details

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2025-07-26 16:51:02

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The Nigerian Securities and Exchange Commission (SEC) has signaled a pivotal shift in its stance toward digital assets, announcing openness to stablecoin businesses. Emomotimi Agama, the SEC Director-General, outlined this position during the Nigerian Stablecoin Summit in Lagos, emphasizing a regulatory framework that balances innovation with investor protection.

Nigeria's approach aligns with global trends but asserts local sovereignty—stablecoin operators must comply with provisions under the newly enacted Investment and Securities Act 2025. The African Stablecoin Network-hosted event highlighted Nigeria's evolving crypto landscape, marking a departure from its historically restrictive policies.

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