[Daba Finance] Nigeria will raise the capital gains tax (CGT) on foreign investors in local equities from 10% to 30% starting in January 2026 The higher levy will not apply to investors who reinvest their proceeds into other Nigerian securities, whether listed or unlisted, the Finance Ministry said The move comes amid a 40% rally in Nigerian equities this year, driven by President Bola Tinubu s market reforms -- including fuel subsidy removal, naira liberalization, and monetary tightening
Saturday 18 October 2025
allafrica - 5 days ago
Nigeria: Nigeria to Triple Capital Gains Tax On Foreign Equity Investors to 30 Percent
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