The announcement of the new 30 per cent capital gains tax (CGT) under the Nigerian Tax Act (2025) has sparked reactions in the Nigerian corporate landscape. Under the new CGT guidelines, certain limitations have been introduced. For example, there is a limit of N150 million on the sale of shares in Nigerian companies. Simply put, if the total sales amount in a year is less than N150 million, and the total profit from the sale of assets is less than N10 million, the company is exempt. While most analysts have focused on the impact of the new CGT o
The announcement of the new 30 per cent capital gains tax (CGT) under the Nigerian Tax Act (2025) has sparked reactions in the Nigerian corporate landscape. Under the new CGT guidelines, certain limitations have been introduced. For example, there is a limit of N150 million on the sale of shares in Nigerian companies. Simply put, if the total sales amount in a year is less than N150 million, and the total profit from the sale of assets is less than N10 million, the company is exempt. While most analysts have focused on the impact of the new CGT o
