
Luno Nigeria Enters SEC's Crypto Incubation Programme in Regulatory Milestone
Luno Nigeria has secured Approval in Principle from Nigeria's SEC, becoming the first globally operating crypto exchange admitted to the country's Accelerated Regulatory Incubation Programme.

Nadia Hassan
North Africa Editor · Cairo
Luno Nigeria, the local arm of a cryptocurrency platform founded in Africa in 2013, has been admitted into the Nigerian Securities and Exchange Commission's (SEC) Accelerated Regulatory Incubation Programme (ARIP), receiving Approval in Principle from the regulator. According to a press release published by BitKE, the company describes itself as the first global cryptocurrency exchange to reach this stage of the programme.
The development matters for the broader digital asset corridor linking African markets with international institutions, as regulatory clarity increasingly shapes where global exchanges can build compliant infrastructure. Nigeria remains one of the largest crypto markets on the continent, and structured oversight there is likely to influence how banks, fintechs and asset managers across the region approach digital assets.
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