Complete News | The Nigerian News Zone

Featured

Police bust theft syndicate, recover nine stolen Android phones in Delta

By AdminJuly 27, 2026

The Delta State Police Command has arrested four suspected members of a phone theft syndicate…

Delta APC endorses Tinubu, Oborevwori for 2027

The All Progressives Congress in Delta Central Senatorial District has endorsed President…

Breaking news

BREAKING: Reps order IG to produce ‘fake,’ agency DG Adeyemi within 48 hours

RELATED NEWS

Breaking News

BREAKING: Reps order IG to produce ‘fake,’ agency DG Adeyemi within 48 hours

By AdminJuly 27, 2026

The House of Representatives Committee investigating the operations of the controversial Presidential Foreign Investment Promotion…

JUST IN: Reps pass state police bill

By AdminJuly 23, 2026

The House of Representatives on Thursday passed the Executive Bill seeking to establish state police,…

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…

World Politics

Delta APC endorses Tinubu, Oborevwori for 2027

Featured By Admin

The All Progressives Congress in Delta Central Senatorial District has endorsed President Bola Tinubu, Delta State Governor Sheriff Oborevwori, Senator Ede Dafinone and all other candidates of the party for…

BREAKING: Reps order IG to produce ‘fake,’ agency DG Adeyemi within 48 hours

Opposition splits over single candidate to challenge Tinubu

The opposition’s plan to unite behind a single presidential candidate against President Bola Tinubu in the 2027 election may be losing…

Obasanjo’s role in Obi-Kwankwaso ticket sparks row

Walkout rocks House as state police bill passes

No more hostilities, Akpabio apologises as Oshiomhole recalls ‘massaging woman’s legs’ jibe

Shettima leads six governors on working visit to Benin Republic

Oyo APC faults Makinde over suit restraining EFCC from contract records

Featured By Admin

The Oyo State chapter of the All Progressives Congress has criticised Governor Seyi Makinde over the state government’s legal action restraining the Economic and Financial Crimes Commission from obtaining records…

Trump hails Tinubu over anti- terror war

El-Rufai’s family disowns viral letter to ADC leadership

BREAKING: FG returns 13 oil blocks to licensing basket

The Federal Government has disclosed that 13 of the 50 oil…

Senate passes bill to repeal NAICOM Act, overhaul insurance regulation

The Senate on Tuesday passed the Insurance Regulatory Commission Bill, 2025,…

INEC begins 2026 recruitment, how to apply

The Independent National Electoral Commission has opened its recruitment portal for…

Legal advice deepens Umahi’s aide death mystery

The mystery surrounding the death of Mary Habila, a nurse attached…

Greedy sand-filling causing Lagos floods — Bode George

Featured By Admin

A former Deputy National Chairman of the Peoples Democratic Party, Bode George, has blamed persistent flooding in parts of Lagos on what…

Featured

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.

Featured

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

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

A Federal High Court sitting in Abuja, has issued a final warning to the…

Govt has abandoned education, Atiku reacts to Kogi school kidnappings

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

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

Featured By Admin

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…

Featured