Nigerian Securities and Exchange Commission (SEC) Director General Emomotimi Agama told publication Techcabal via text message that, contrary to some reports, it has yet to issue any cryptocurrency licenses. The SEC plans to start issuing licenses for digital services and tokenized assets in August 2024. The move follows increased scrutiny of cryptocurrency exchanges and a push to regulate the industry, which includes requiring exchanges to remove naira from peer-to-peer trading to prevent currency manipulation. "The approval has not yet been given to anyone."