Is Monero legal in Nigeria?
Legal to own; no specific privacy-coin rule found.
| Owning XMR | Legal |
|---|---|
| Local exchanges | Limited |
| National rule | No specific rule on privacy coins |
| Regulator | Securities and Exchange Commission (SEC Nigeria); Central Bank of Nigeria |
| Last reviewed | 25 October 2026 |
The legal situation in Nigeria
The Investments and Securities Act 2025 recognises digital assets as securities under SEC oversight, and exchanges need SEC licences. We found no privacy-coin-specific rule. Owning XMR is legal; availability on licensed platforms is unverified.
Key facts
- 2025-03-25: The Investments and Securities Act 2025 was signed, recognising digital assets as securities under SEC regulation.
- 2023-12-22: The CBN issued guidelines letting banks open accounts for licensed VASPs, lifting its February 2021 restriction.
What this means for you
Owning Monero and keeping it in your own wallet is legal as far as we could find. Pick a wallet from our best Monero wallets list, read how to buy Monero, and keep records for tax.
Sources
afriwise.com, dabafinance.com, techcabal.com.
Sources are listed by publisher so you can look them up yourself; we do not link out.
General information, not legal or tax advice. Check the regulator's own website before acting.
Frequently asked questions
Is Monero legal in Nigeria?
Legal to own; no specific privacy-coin rule found.
Can I buy Monero on a local exchange in Nigeria?
Only in limited ways: few or no licensed local exchanges list XMR.