This advancement is set to enhance the Nigerian economy by conforming to international regulatory standards, thereby introducing essential legitimacy and oversight to the industry.

Busha stands at the forefront as Nigeria's first SEC-licensed virtual asset service provider, operating under the SEC’s Accelerated Regulatory Incubation Program. The company has received one of the initial provisional licenses from the Nigerian Securities and Exchange Commission (SEC), allowing it to function as a regulated Virtual Asset Service Provider. This achievement marks a pivotal advancement for both Busha and the wider Nigerian cryptocurrency community.

Since its establishment over five years ago, Busha has emphasized security, transparency, and adherence to regulatory standards, well in advance of any mandatory requirements. The CEO stated, “Our team has consistently dedicated itself to creating a safe, secure, and transparent environment for all digital asset users in Nigeria. This provisional license from the SEC reflects the high standards we have maintained from the very beginning.”

Millions of Nigerian cryptocurrency enthusiasts and users require a reliable, secure, and regulated framework for managing and trading digital assets. This license not only acknowledges Busha’s dedication but also represents a crucial step towards enhancing and legitimizing the cryptocurrency sector in Nigeria. By aligning with international regulatory standards, this development is expected to positively impact the Nigerian economy, providing essential legitimacy and oversight to the industry.


Busha remains dedicated to its role as a responsible and constructive participant in Nigeria’s capital markets. The company continues its mission to offer users a secure platform for their digital asset transactions while upholding the highest levels of regulatory compliance and operational excellence.

Appreciation is due to the leadership at the Nigerian SEC for their innovative and forward-thinking approach to the rapidly changing digital asset landscape.

Busha is committed to fostering a more secure and compliant digital asset ecosystem in Nigeria and throughout Africa, ensuring that Nigerians and other Africans can engage in trading with confidence and assurance.