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We approved crypto exchanges to give Nigerian youths opportunity – SEC

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The News Agency of Nigeria (NAN) reports that SEC, on Thursday, granted Busha Digital Ltd., and Quidax Technologies Ltd., “approval-in-principle” to commence operation under the Accelerated Regulatory Incubation Program (ARIP).

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Dr Emomotimi Agama, Director General of SEC, clarified a statement made available in Lagos.

Agama said that in line with the desire of President Bola Tinubu to engage with the youths, it became important to create a structure that would enhance their participation, as well as other Nigerians in the market.

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“It is important that we act accordingly. We can not be left out of the global phenomenon that is beginning to take shape.

“SEC, as a future-looking institution, is poised to make sure that we are in the league of countries that do what is needed.

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“As much as possible, we are building talents to be able to deal with the challenges that these asset classes could bring to our shores.

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“A lot of young Nigerians are fully involved in cryptocurrencies and we cannot shut the door against them, rather the president intends to have them included in the capital market.

“That is why SEC is ensuring that there is regulation and no one is hurt at the end of the day, which is part of our responsibility to protect investors and develop the market,” he said.

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According to Agama, the commission is doing all of these cautiously to ensure that these institutions do not pose risks to the national economy and to citizens who invest in them.

He disclosed that SEC’s programme on digital assets exchanges emerged from its Virtual Assets Service Providers Regulation given the nature of crypto exchanges and the entire industry.

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The director-general noted that it was important to outline a regulation that allowed the commission to fully understand crypto exchanges and virtual financial assets services providers.

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He said that the idea was borne out of the initial Regulatory Incubation Programme of SEC in its desire to understudy fintech platforms and products that are new to the market.

Agama said that this was to enable the dimension of the risks that were associated with these institutions and their products.

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He stressed that the commission had not yet outrightly licenced any exchange, but had provided an approval-in-principle.

He said that the approval granted was a controlled experiment wherein companies that have applied, meet the fit and proper person test and other regulatory guidelines are invited into a regulatory incubation.

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“It gives us an opportunity to know exactly what they are doing, the risks that they pose to our economy, investors, and to themselves as operators.

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“The idea is, you need to do that to be able to study them and provide all the guidance and regulations required by them to operate in the system seamlessly while also not defrauding Nigerians.

“We are making sure that they operate within regulations similar to what is obtainable in other jurisdictions,” he said.

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Healthcare breakthroughs transforming wellbeing in Nigeria

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Advances in technology and improved practices in disease management are resulting in better treatment options and expanded access to care. Recent progress in telemedicine, diagnostics, and local pharmaceutical production are contributing to more reliable and effective health services.

Government and private sector initiatives are working together to address long-standing challenges such as funding and infrastructure.

As these improvements continue to develop, the overall quality of care rises, benefiting patients across urban and rural areas. This guide examines 5 areas where advances shape wellbeing in Nigeria.

ALSO READ: India to invest in Nigeria’s healthcare sector

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  • Telemedicine and Remote Consultations

    Telemedicine services are expanding access to healthcare in both urban and rural settings. Remote consultations via video calls and mobile applications allow patients to receive timely medical advice without the need for travel. This development eases pressure on physical healthcare facilities and improves service delivery, particularly in areas with limited medical infrastructure.

  • Enhanced Diagnostic Technologies

    Recent improvements in diagnostic equipment and testing methods have led to quicker and more accurate detection of diseases. Locally developed diagnostic kits are now more affordable and accessible, enabling early intervention for conditions such as malaria, diabetes, and hypertension. These enhancements contribute to better treatment outcomes and improved public health management.

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  • Growth in Local Pharmaceutical Production

    There is a strong move toward increasing the production of essential medicines within Nigeria. By investing in local manufacturing, the healthcare system reduces its reliance on imported drugs, lowers costs, and ensures a steadier supply of quality medications. This focus on domestic production supports treatment efficacy and contributes to overall health system resilience.

EXPLORE: Medical expert warns bottled water, soft drinks left in sun may cause cancer

  • Healthcare System Reforms

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    Government initiatives are actively working to improve healthcare delivery through reforms aimed at strengthening infrastructure, increasing funding, and expanding insurance coverage. These measures target persistent challenges such as workforce shortages and inadequate primary care facilities, leading to a more efficient and accessible healthcare system for all Nigerians.

  • Public-Private Partnerships in Health

    Collaborative efforts between government bodies and private organizations are driving improvements in healthcare services. Joint investments in training, research, and infrastructure development have enhanced service quality and extended reach. These partnerships foster a shared commitment to sustainable healthcare improvements, benefiting communities nationwide.

Collectively, these developments enhance healthcare delivery and ensure better access to effective and affordable care for Nigerians. Continued support for these initiatives is essential for achieving long-term improvements in public health.

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RECOMMENDED: FULL LIST: FG approves free maternal care in 154 hospitals nationwide


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Pastor Enenche leads prayers of divine intervention as Soludo seeks religious leaders’ support

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Paul Enenche, the senior pastor of Dunamis International Gospel Centre, is leading prayers of divine intervention in Anambra state as

read more Pastor Enenche leads prayers of divine intervention as Soludo seeks religious leaders’ support


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How academic excellence is driving entrepreneurship in Nigeria

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Graduates are applying what they learn to create small businesses that generate jobs and support local communities. Universities and polytechnics now focus on hands-on training, mentorship programs, and research projects that develop practical solutions.

This approach bridges classroom learning and real-world business, enabling young entrepreneurs to address local challenges.

The emphasis on quality education and structured support is closely linked to growing entrepreneurial activity and economic progress.

ALSO READ: Here’s how Nigerian entrepreneurs can access international markets

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  • Curriculum and Practical Training

    Academic programs now merge rigorous theory with extensive practical training. Courses in business, technology, and related fields incorporate hands-on projects, case studies, and fieldwork that equip students with essential skills in business planning, operations, and management. This approach ensures that graduates are well-prepared to address real-world challenges.

  • Incubation and Mentorship Programs

    Many institutions have established startup centers and comprehensive mentorship schemes. These initiatives connect aspiring entrepreneurs with experienced industry professionals who offer guidance on strategy, business development, and risk management.

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    By providing structured support and networking opportunities, these programs help transform innovative ideas into viable business models.

  • Research and Local Solutions

    Universities are increasingly directing research efforts toward solving local challenges. Collaborative projects between students, faculty, and community partners generate actionable insights that lead to practical products and services.

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    This focus on research not only enhances academic understanding but also produces tangible benefits for local markets.

EXPLORE: 7 Powerful tips to empower Nigeria’s rising women entrepreneurs

  • Industry-Academia Partnerships

    Stronger collaboration between educational institutions and industry leaders ensures that academic training aligns with market demands.

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    Internships, cooperative education programs, and joint research projects expose students to real business challenges, facilitating the seamless transfer of knowledge and skills from the classroom to the workplace.

  • Funding and Startup Support

    Access to financial resources is vital for launching successful ventures. Universities, in partnership with government bodies and private investors, offer grants, low-interest loans, and business development workshops.

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    This support helps new entrepreneurs overcome early-stage hurdles, enabling them to build sustainable businesses that contribute to economic growth.

These approaches show how academic excellence is driving entrepreneurship in Nigeria. By combining practical training, mentorship, research, industry partnerships, and funding support, educational institutions are preparing graduates to tackle real business challenges and boost economic progress.

This focused effort strengthens the entrepreneurial ecosystem and supports long-term growth and community development across the country.

RECOMMENDED: 7 best countries for Nigerians looking to start a business abroad

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