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 transactions.
That uncertain chapter is beginning to close. With the Investments and Securities Act (ISA) 2025 and the Nigerian Tax Administration Act (NTAA) 2025, the industry now has a clearer framework. The SEC’s authority has been codified, the Howey Test has been introduced into Nigerian law, and Virtual Asset Service Providers (VASPs) now face defined tax and compliance responsibilities.
In this detailed article, our Managing Partner, Habeeb Gobir, traces the journey from the early days of regulatory confusion to the present framework, and sets out what VASPs need to understand in order to operate effectively in Nigeria’s evolving digital economy.
📄 Download the full article here 👇
https://drive.google.com/file/d/1BsbgSlQUNH4PxXLWmgGb93fd38kJJAkL/view?usp=drive_link
