SEC, GIA announce plans to deepen digital asset penetration in Nigeria

Nigeria’s capital market watchdog, the Securities and Exchange Commission (SEC), and the Global Investment Advisory (GIA)—a cohort of investment experts—have announced plans to deepen digital asset adoption in Nigeria, where the government in March approved trading in virtual assets for the first time.

The two are partnering to draw the country’s younger generation and Nigerians resident overseas to viable opportunities to invest naira in cryptocurrency and, in so doing,…