Nigeria has taken another step towards building a more coordinated regulatory framework for cryptocurrencies and digital assets, with President Bola Tinubu signing the Presidential Executive Order on Virtual Assets Coordination, 2026. This creates a new framework to harmonise how government agencies oversee virtual assets, blockchain technology, and related digital financial services.
The move comes as regulators grapple with an industry that increasingly cuts across banking, securities, taxation, anti-money laundering, and payment systems.
According to a statement signed by Special Adviser to the President on Information and Strategy, Bayo Onanuga, the executive order establishes a Virtual Asset Council that will bring together key financial, revenue, and security agencies to improve regulatory coordination while supporting responsible innovation. The council will be chaired by the Central Bank of Nigeria (CBN), with its secretariat housed within the apex bank.
“With relevant agencies operating in silos,” the statement reads, “overlapping in some areas and leaving
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