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Nigeria Splits Crypto Oversight

Nigeria's CBN and SEC Split Crypto Oversight, Raising Compliance Costs for Firms

Unverified — auto-generated summary, not yet reviewedPolicy & RegulationNigeriaNov 7, 2026

Nigeria's crypto firms face a $744,000 capital requirement under a regime in which oversight is divided between the Central Bank of Nigeria and the Securities and Exchange Commission, raising compliance costs and setting a precedent for African crypto regulation.

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