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Why we don’t want autopsy — Habila’s father

By AdminJuly 17, 2026

The father of Mary Habila, the 26-year-old nurse who died at the Uburu, Ebonyi State…

Court jails Anambra native doctor six years, fines him ₦20m

An Anambra State High Court sitting in Awka has sentenced popular native…

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Supreme Court reverses A’Court ruling on Emefiele property forfeiture

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Breaking News

BREAKING: Senate passes state police bill, empowers govs to appoint commissioners

By AdminJune 24, 2026

The Senate on Wednesday passed the landmark Constitution Alteration Bill seeking to establish state police…

BREAKING: EFCC arrests convicted ex-power minister Mamman

By AdminMay 19, 2026

The Economic and Financial Crimes Commission has arrested a former Minister of Power, Saleh Mamman,…

JUST IN: Bandits behead abducted Oyo teacher

By AdminMay 18, 2026

One of the kidnapped teachers of Community High School, Ahoro-Esinele in Oriire Local Government Area…

2027: Obi, Kwankwaso join NDC, demand litigation-free politics

By AdminMay 4, 2026

Former Labour Party presidential candidate Peter Obi and ex-Kano State governor Rabiu Kwankwaso have formally…

JUST IN: Makinde-led PDP unveils Turaki, others as caretaker committee members

By AdminMay 4, 2026

The factional National Executive Committee of the Peoples Democratic Party, backed by Oyo State Governor…

World Politics

Greedy sand-filling causing Lagos floods — Bode George

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A former Deputy National Chairman of the Peoples Democratic Party, Bode George, has blamed persistent flooding in parts of Lagos on what he described as indiscriminate and “greedy” sand-filling of…

President Bola Tinubu on Friday signed the Presidential Executive Order on Virtual Assets Coordination, 2026. The order, signed pursuant to Section 5 of the 1999 Constitution (as amended), establishes a new supervisory architecture to harmonise the regulation of virtual assets in Nigeria. A statement signed on Friday by the Special Adviser to the President on Information and Strategy, Bayo Onanuga, said the order takes immediate effect. It said the order also closes the regulatory gaps that have allowed fraudulent operators to prey on unsuspecting Nigerians and positions the country to benefit from responsible innovation in the digital economy. “It responds to a regulatory environment that has become fragmented as virtual assets increasingly blur the traditional boundaries between currencies, money, commodities and securities. “With relevant agencies operating in silos, overlapping in some areas and leaving gaps in others, the country has been exposed to risks including money laundering, terrorism financing, cybersecurity and data privacy threats, fraud, and revenue losses. “Too often, unregistered and fraudulent operators have exploited these gaps to prey on unsuspecting Nigerians, costing families their savings,” the statement read. To address this, the Presidency said the order establishes a Virtual Asset Council chaired by the Central Bank of Nigeria, with the Nigeria Revenue Service and the Securities and Exchange Commission as vice-chairs, alongside the Nigerian Financial Intelligence Unit and the Office of the National Security Adviser as members. The council will provide policy direction, promote synergy among the participating agencies and work with the Attorney-General of the Federation to develop a harmonised legal and institutional framework aligned with Nigeria’s national security, economic and social objectives. The order also creates a Virtual Asset Office as the council’s operational body, with its secretariat domiciled at the CBN. The office will be responsible for the day-to-day coordination of information sharing, applications and reporting among the agencies, supported by an integrated supervisory technology platform that provides shared visibility while preserving each agency’s ownership and control of its data. According to the Presidency, the order does not create a new regulator or transfer powers between existing agencies. “Each institution retains its full statutory mandate and independence, and the framework coordinates their work rather than replacing it,” the statement said. On registration, the order said activities involving securities will be registered by the SEC, while payment, settlement, custody and related services involving non-security virtual assets will be registered by the CBN. It said the council will resolve any case in which responsibility cannot be readily determined, closing the gaps through which unregistered operators have previously escaped oversight. It added that the CBN is proceeding with a regulatory sandbox for virtual assets under the new framework. The sandbox, the Presidency said, will provide a controlled environment in which eligible operators can test virtual asset products, services and blockchain-based solutions under close supervision, enabling the participating agencies to assess the implications for monetary sovereignty, financial stability, market integrity, consumer protection, financial inclusion and revenue administration before any product reaches the wider market. It said the CBN would announce further details of the sandbox. Furthermore, it said the Nigeria Revenue Service will release a tax policy specifically for the virtual assets sector, providing greater certainty for taxpayers and service providers, strengthening voluntary compliance and ensuring that the sector contributes fairly to national revenue as it grows. The statement added, “The NRS will provide further details. The Federal Government is also finalising a comprehensive Virtual Assets White Paper, which will set out the country’s longer-term policy direction and implementation priorities and serve as a roadmap for stakeholders across the sector. “The Council has been directed to develop a Harmonised Implementation Framework within 30 days to guide the participating agencies in giving effect to the Order and to ensure its expedited implementation.” Nigeria’s virtual assets sector has grown rapidly in recent years, with the country consistently ranking among the world’s leaders in cryptocurrency adoption by transaction volume. The Central Bank had in 2021 directed banks to close accounts linked to cryptocurrency exchanges, a move that effectively pushed trading underground, before reversing course in 2023 and issuing a framework for the regulation of virtual asset service providers. The SEC has also been working to bring digital asset exchanges under its regulatory oversight, creating a parallel oversight framework.

Suspend Umahi pending probe into Mary Habila’s death, Atiku urges Tinubu

Former Vice President Atiku Abubakar has called on President Bola Tinubu to direct the Minister of Works, David Umahi, to step…

Defamation: Court grants final adjournment, threatens to foreclose Sowore’s defence

Govt has abandoned education, Atiku reacts to Kogi school kidnappings

Court orders final forfeiture of 48 property linked to ex-AGF Malami

PFIPC scandal: Again, Senate rejects probe request

Tinubu seeks amendment to state police bill

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President Bola Tinubu has transmitted to the House of Representatives a bill seeking to amend the 1999 Constitution to provide the legal framework for the establishment of state police across…

Tinubu very passionate about school feeding — First Lady

Rivers Assembly summons firm over host community’s petition

BREAKING: House withdraws own state police bill, considers Tinubu’s proposal

The House of Representatives has withdrawn its proposed constitutional amendment seeking…

Makinde effects minor cabinet reshuffle, swears in new commissioner

Oyo State Governor, Seyi Makinde, on Monday urged political appointees and…

ADC asks INEC to investigate rival faction over forgery claims

The African Democratic Congress has called on the Independent National Electoral…

Atiku welcomes WAEC, NECO fee hike suspension, knocks govt ‘poor planning’

Former Vice President and presidential candidate of the African Democratic Congress,…

Peter Obi hails suspension Of WASSCE, NECO fee hike

Education By Admin

Former Labour Party presidential candidate Peter Obi has welcomed the Federal Government’s decision to suspend the proposed review of registration fees for…

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ICPC arraigns ex-minister Nnaji, court grants N20m bail

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How I almost fell victim to $2m blackmail plot — Wike

Edo seeks partnerships to curb maternal, newborn deaths

Edo State Commissioner for Health, Dr. Cyril Oshiomhole, has called for stronger collaboration between…

Tinubu has done his best, Peter Obi agrees with Adeboye

National Democratic Party presidential candidate, Peter Obi, has backed the recent comments by the…

Entertainment

I got car, chieftaincy title from Ooni — Baba Ijesha

By AdminJuly 3, 2026

I was lured with food, money, Baba Ijesha rejects paedophile tag

‘Omije Ojumi’ gospel singer Bunmi Akinnaanu is dead

VIDEO: My family fuelling crisis rumours, endangering my wife Natasha — 2Face

Marital dispute: Edo Assembly summons 2Baba’s wife

Regina Daniels’ medical reports are genuine, says husband Ned Nwoko

Actor Baba Ijesha released from prison

Business News

2027 polls: CBN targets N2.83tn cash in private hands

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The Central Bank of Nigeria has unveiled an ambitious plan to bring about N2.83tn currently held outside the banking system into formal financial channels and expand financial inclusion by onboarding 50 million additional Nigerians by 2028. The targets form part…

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