NIC PUCKRIN

Nigeria’s Cryptocurrency Taxation: Challenges and Potential Outcomes

March 8, 2025March 8, 2025 - by Aisha Khoury - Leave a Comment

Nigeria is set to impose new taxes on cryptocurrency transactions, including a capital gains tax and VAT, aiming to generate significant revenue. However, critics indicate that high taxes could drive …

Business / Companies

Challenges Facing Nigeria’s New Cryptocurrency Tax Policies

March 8, 2025March 8, 2025 - by Maya Chowdhury - Leave a Comment

In February 2023, Nigeria introduced new crypto tax policies aiming to boost its economy, including legal action against Binance for unpaid taxes. Despite the potential revenue of over $81 billion, …