In Africa’s largest crypto market, Nigeria, virtual assets and investment contracts are formally recognized as securities following the Investment and Securities Act (ISA) 2024, signed into law by President Bola Tinubu. 

With the new act signed into law, Nigeria has positioned itself as the digital finance leader in Africa. 

Regulatory Clarity After Years of Uncertainty and Tension

In a landmark legal shift, Nigerian lawmakers have finally recognised cryptocurrencies as securities. Nigeria’s President, Bola Tinubu, recently added digital assets to the Investment and Securities Act (ISA) 2024, which repeals the Investments and Securities Act No. 29 of 2007. According to Forbes Africa and local Nigerian news agency Business Day reports, Nigeria’s new capital markets law …