The Nigerian government recently unveiled a new capital gains tax (CGT) that aims to make the system more progressive. The new regime, which will commence on January 1, 2026, is rumored to increase CGT from 10 per cent to 30 per cent unless the proceeds are reinvested in other listed or unlisted domestic equities. Many stakeholders, including capital markets, have expressed concerns that the rumored hike would put the country's stocks at risk and discourage foreign investment. However, Taiwo Oyedele, C.
The Nigerian government recently unveiled a new capital gains tax (CGT) that aims to make the system more progressive. The new regime, which will commence on January 1, 2026, is rumored to increase CGT from 10 per cent to 30 per cent unless the proceeds are reinvested in other listed or unlisted domestic equities. Many stakeholders, including capital markets, have expressed concerns that the rumored hike would put the country's stocks at risk and discourage foreign investment. However, Taiwo Oyedele, C.
