Nigeria sets 1% crypto tax withholding for exchanges
Nigeria’s revenue authority has issued detailed crypto tax rules requiring exchanges and P2P marketplace operators to collect, report and remit taxes arising from virtual asset...
Tag : Nigeria
Nigeria sets crypto tax collection rules for digital asset platforms
Nigeria’s revenue agency has issued rules requiring crypto platforms and peer-to-peer (P2P) marketplaces to collect, report and remit taxes, including paying some withheld amounts in...
Scale of Stablecoin Adoption in Nigeria Makes Risks 'More Pronounced', Says IMF
In brief A new IMF report has highlighted the “striking” scale of stablecoin adoption in Nigeria. The IMF warned that adoption sharpens risks including “digital...
Nigeria Senate advances bill to regulate crypto exchanges
Nigeria’s Senate has advanced a bill that could create formal rules for crypto firms and virtual asset operators. Summary Nigeria’s Senate passed the Virtual Asset...