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Dethroned as Africa’s largest crypto market, Nigeria inches closer to new rules - AFRICA REPORT

NOVEMBER 09, 2026

Nigeria will soon release a new digital asset rulebook, after losing its status as Africa’s largest crypto economy, with the regulator aiming for a market open to innovation and closed to fraud.
By ‘Femi Asu


Nigeria’s Securities and Exchange Commission (SEC) says it is close to finalising a new set of rules for digital assets to deepen the market, warning that illegal operators could face jail. 

MARKET NEWS

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