Business news

New Tax Rules Put Nigeria’s $92bn Crypto Market, Its Young Builders at Risk

Nigeria’s $92 billion virtual asset market, built overwhelmingly by young Nigerians and now the largest in Sub-Saharan Africa, risks being driven offshore by the new Guidelines on the Taxation of Virtual Assets, the Digital Assets Coalition warned, as it published its formal position paper on the framework, which came into force on 3 August 2026. […]