Nigeria’s digital economy journey has been one of resilience. For years, the industry grew in uncertainty. Bank accounts were frozen, regulators sent mixed signals, and many founders had no idea which rules applied to them. Investors hesitated, yet adoption surged as Nigerians turned to crypto for remittances, savings, and daily...

From January 2026, Nigeria’s Tax Administration Act (NTAA) will take effect, and for the crypto and Web3 space, the landscape will shift in profound ways. Virtual Asset Service Providers (VASPs) that default on their tax obligations will face a ₦10 million penalty in the first month of non-compliance, ₦1 million...

The growing popularity of Non-Fungible Tokens (NFTs) in Nigeria is reshaping how digital content is created, distributed, and monetized. From visual art and music to fashion and collectibles, creators are turning to NFTs to authenticate ownership and tap into global markets. Yet, this rapid evolution has outpaced traditional legal frameworks,...

The rise of decentralized technologies like blockchain, DAOs, and Web3 protocols has revolutionized data storage and sharing. However, it also introduces complex legal questions about how personal data is processed and protected. In Nigeria, the Nigeria Data Protection Act (NDPA) 2023 governs data privacy, but its application to decentralized systems...

If you are planning a digital asset offering, whether a utility token, NFT series, or DeFi product, you must consider how your project aligns with securities regulations. In Nigeria, the recent Investments and Securities Act (ISA) 2024 mandates that most digital asset issuers must register with the Securities and Exchange...

If you’re building or investing in the Web3 space, you’ve probably noticed that every country seems to be taking a different approach to crypto and blockchain rules. As the industry matures around the world, the legal environment is evolving too. For anyone building, investing, or operating in Nigeria’s crypto and...

Over the years, the legal status of cryptocurrencies in Nigeria has seen a series of shifts, often leading to confusion for builders, investors, and everyday users. Although Nigeria remains one of the most active crypto markets globally in terms of adoption and trading volume, the regulatory environment has been anything...

On May 3, 2023, Nigeria’s Federal Government approved the National Blockchain Policy, a significant move aimed at integrating blockchain technology into various aspects of the nation’s economic and security frameworks. This policy seeks to harness the potential of blockchain to promote innovation, boost the digital economy, enhance transparency, and create...

On March 29, 2025, President Bola Tinubu signed the Investments and Securities Act (ISA) 2024 into law, replacing the old 2007 Act. This new law brings some big changes for digital asset operators, especially those working with cryptocurrencies, NFTs, DeFi, and other blockchain-based assets. So, What is New? Digital Assets...

If you trade, hold, or build in crypto, this affects you! The Nigerian government is set to introduced a new tax rules for digital assets, including cryptocurrencies, NFTs, and tokenized assets. This means that individuals, traders, and Web3 businesses may now have to pay taxes on crypto transactions. The changes...