Why did Nigeria introduce the new crypto order?

Nigeria introduced the order to close loopholes linked to cryptocurrency activities. The government wants stronger oversight of tax compliance, money laundering risks and illegal financial flows.

What does the new crypto order mean for investors?

The order aims to strengthen regulation rather than ban cryptocurrency. Investors may face stricter compliance rules as regulators increase oversight.

How is President Bola Tinubu changing crypto regulation?

President Bola Tinubu's administration wants government agencies to work together more closely. The goal is to improve enforcement and increase transparency across the digital asset sector.

Is Nigeria banning cryptocurrency?

No. The executive order focuses on tightening regulation and enforcement instead of banning cryptocurrency trading or ownership.

Why is Nigeria important to the crypto industry?

Nigeria is one of Africa's largest cryptocurrency markets. Millions of people use digital assets for payments, remittances and protecting savings from currency volatility.

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Nigeria targets crypto loopholes with new order

Written by Isaac FrancisPublished Jul 20, 2026, 11:35 PM

Nigeria has introduced a new executive order to tighten oversight of cryptocurrency activities.
The government wants to close loopholes linked to tax evasion, money laundering and illicit financial flows.
Officials say the changes aim to improve financial transparency while supporting responsible innovation.

Nigeria has introduced a new executive order aimed at closing regulatory gaps in the country's cryptocurrency sector.

President Bola Tinubu's administration said the order targets loopholes that allow tax evasion, money laundering and other illegal financial activities.

“There is a need to strengthen oversight while supporting innovation,” government officials said, according to the report.

The order directs regulators to improve coordination, strengthen compliance and tighten monitoring of digital asset transactions across the financial system.

The government said the measures will help improve transparency, protect investors and align Nigeria's digital asset market with international standards.

Nigeria has become one of Africa's largest cryptocurrency markets, with digital assets widely used for payments, savings and cross-border transfers.

The country has gradually shifted from restricting crypto activity to creating a clearer regulatory framework while encouraging responsible growth in the sector.