Foreign investors may think twice before picking Nigeria over other frontier markets when its 30 percent capital gains tax, the highest among its peers, takes effect in January 2026.
Through the introduction of the new capital gains tax, Nigeria could earn up to N1 trillion annually. But the move has already begun unsettling both investors and issuers.
Capital gains taxes apply when investments such as stocks, bonds, and digital assets are sold at a profit. Under the reform, Nigeria will introduce a rate of up to 30 percent on foreign equ
