Renowned asset exchange Quidax recently collaborated with Nigeria’s Securities and Exchange Commission to host a blockchain training series at Lagos’s prestigious Capital Club.

The two-day event brought together key players within commercial banks, asset management firms and other financial sectors, underscoring how vital digital assets are, now more than ever.

In Brief

• The blockchain training series, hosted by SEC Nigeria and Quidax, educated key financial stakeholders on crypto compliance, regulation, and blockchain use cases.

• The event aligned with Nigeria’s 2025 Investments and Securities Act, legally classifying digital assets under SEC jurisdiction.

• Quidax provided practical, localized insights—bridging the gap between innovation and financial institutions’ understanding of blockchain in Africa.

How SEC Nigeria & Quidax Hosting a Blockchain Training Series Educating Finance Professionals

Digital assets have become a cornerstone of finance, with government adoption now taking the lead.

With this in mind, Nigeria’s SEC, in collaboration with Quidax, hosted a blockchain training series aimed at bridging the knowledge gap surrounding digital asset adoption.

The event gathered various big-league names in Nigeria’s finance sector like Zenith Bank, ARM, Investment One, FBNQuest, Interswitch, Ecobank, Africa Prudential, Meristem, Wema Bank, Capitafield, Sterling Bank, and several other companies.

The Imperative for Regulatory Clarity and Education

Abdulrasheed Dan Abu, Head of FinTech and Innovation at the SEC Nigeria, immediately highlighted the event’s significance.

Up until recently, Nigeria’s stance on digital assets took a positive turn, with the region lifting the ban on cryptocurrency.

The event exemplified this positive take, with Dan Abu stating it fits squarely within the commission’s statutory mandate: actively developing while regulating the capital market.

Despite the superiority and appeal digital assets offer, traditional financial institutions still have a prime role in its adoption and stake.

Dan stated:

“The banks hold fiat currency. If they don’t understand what is going on, it creates a disconnect in the value chain. The more banks that understand digital assets, the better the playing field for users.”

This two-day digital asset course builds up a concrete understanding of digital assets, providing easier adoption and, thus, easier regulation.

The landmark Investments and Securities Act (ISA) 2025, signed into law by President Bola Tinubu in March 2025, formally classified cryptocurrencies and other virtual assets as securities.

This officially means digital assets fall under the SEC’s regulatory umbrella, complementing the previously released rules for Virtual Asset Service Providers(June 2024).

CHECK OUT: Quidax’s SEC License: Setting a New Standard for Cryptocurrency Regulation in Nigeria

Nigeria has showcased a vital stance when dealing with digital assets. Providing regulations paves the way for financial institutions to also benefit from Africa’s growing blockchain frontier.

Quidax: Powering Adoption Through Knowledge and Collaboration

Quidax, one of Africa’s leading exchanges, played a major role in providing the necessary compliance training for the attendees. Buchi Okoro, Co-founder and CEO of Quidax articulated the core mission driving the blockchain training series:

Adoption starts with education. This session caters to people at different knowledge levels, from total beginners to those who have conducted blockchain pilots

The core aim was to equip fiancé professionals with practical insights into navigating imp; emerging digital assets into Nigeria’s evolving regulatory structure.

It demystified concepts and outlined practical pathways via Quidax, an exchange that already received the green light from Nigeria’s SEC.

“We’re solving African problems for Africans, and this event partnership with the SEC helps us do that within regulatory guardrails.”

Quidax is currently operational in nine African countries and continues to eye the remaining 45.

The collaborations between regulators and industry leaders provide an ample blueprint for true adoption. This is especially necessary with recent developments in regulation across the continent.

Crypto payment solutions have taken centre stage, with many offering broader reach, lower payments and profit-earning services.

As a result, governments have taken a keen interest in the space, and Nigeria intends to maintain its status as Africa’s Web3 leader.

Industry Voices: Validation and Urgency

The event was a success, pooling in key industry figures across Africa and reinforcing the collective effort required.

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Pascal Maguire, Sales Director for Africa at digital asset security platform Fireblocks, stressed the value of such forums:

“We need more finance and payments experts and decision-makers to attend such forums as this enables them to see that they have trusted partners in firms like Quidax, Fireblocks, and the SEC who can both educate them and guide them on their adoption and innovation journey.”

Ajibade Laolu Adewale, Chairman of the Committee of E-Business Heads in Nigerian Banks and Chief Partnership Officer at Wema Bank, highlighted the superiority blockchain banking can offer.

As a panellist, he clarified:

“Today, moving money internationally still takes days and depends on informal channels. With blockchain, you can transfer value instantly and securely.”

The blockchain training series resonated with the attendees, with many concurring that awareness is the first step for adoption.

Sunday Joseph Olaniyan, Head of E-Business at Sun Trust Bank, remarked:

“Events like these bring such awareness even closer to us as institutions here in Nigeria and present us with the opportunity not to be left out of this wave of change. People like myself who have been aware of digital assets are now even more sensitized to the global trend, and I sure do not want to be left behind at all.”

Education as the Catalyst for Responsible Growth

The blockchain training series, spearheaded by the SEC Nigeria and Quidax, stands as a reminder that regulatory bodies should work side by side with exchanges.

It provides a vital blueprint for how to adopt digital assets in Nigeria responsibly.

As Nigerian finance professionals return to their institutions armed with enhanced knowledge and a clearer view of the regulatory landscape, the potential for innovative blockchain banking applications and crypto payment solutions within Nigeria looks increasingly achievable.

The message is clear: education is the indispensable catalyst driving the next wave of financial evolution in Africa’s largest economy.