Proposed Rules - Digital and Virtual Assets Operations
, Custody and Markets
Published: August 20, 2026

These Rules shall apply to:
(a) all digital and virtual asset activities constituting investments and securities business in Nigeria, including:
(i) issuance and offering of digital and virtual assets;
(ii) tokenisation, lifecycle management, and any hybrid digital‑asset arrangements;
(iii) trading, custody, transfer and settlement;
(iv) investment, advisory and financial services relating to digital and virtual assets; and
(v) any other activity as may be determined by the Commission; and
(b) any person who:
(i) operates in Nigeria;
(ii) provides services to persons resident in Nigeria; or
(iii) targets Nigerian investors or the Nigerian market, whether directly, indirectly, or through digital channels.
Comments should be forwarded to the Secretariat, Rules Committee via rulescommittee@sec.gov.ng or through the DG SEC not later than two weeks from the date of exposure.