Nigeria’s digital finance sector is shifting toward institutional adoption as banks, fintechs, regulators, and digital asset firms gather in Lagos following President Bola Tinubu’s Executive Order on Virtual Assets Coordination.
The Nigeria Stablecoin Summit (NSS 2.0), organised by the Africa Stablecoin Network (ASN), comes less than two weeks after the Federal Government introduced a coordinated framework for virtual asset regulation. The order complements the Investment and Securities Act (ISA) 2025, which recognises virtual assets and places key activities under the Securities and Exchange Commission (SEC).
The summit set to take place on July 30 marks a shift from policy discussions to implementation, with participants expected to focus on payment infrastructure, institutional custody, interoperable payment rails, fiat on-and-off ramps, and cross-border settlements.
“Last year, we opened the door. This year, we walk through it,” said Nathaniel Luz, president of the Africa Stablecoin Network and convener of the summit.
“The institutions coming to NSS 2.0 are not coming to speculate. They are coming to build the payment systems that will carry African trade for the next decade.”
The event reflects growing interest in stablecoins as payment tools rather than investment assets. Industry participants say regulated stablecoins could reduce settlement time and transaction costs for remittances and regional trade while supporting businesses operating across African markets.
The executive order is also expected to improve coordination among regulators, providing greater clarity for financial institutions exploring blockchain-based payment systems.
Speakers include Segun Aina, president of the Africa Fintech Network; Sola Adeyinka, CEO of Vale Holdings; Stephen Ibidunni of James Hope University; Gbenga Omosuyi of Sphere Lab; Tosin Nathaniel-Luz of Nexply Compliance; Sogo Dowole, CEO of Circle Funds; and Uyoyo Ogedegbe, CEO of cNGN, alongside banking executives and regulators.
For the industry, the summit is expected to provide one of the first opportunities to discuss how Nigeria’s new virtual asset framework can support regulated digital payments and cross-border commerce.
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