The Nigeria Revenue Service (NRS) has released comprehensive guidelines on the taxation of cryptocurrency and other virtual assets, establishing a regulatory framework in line with the Nigeria Tax Act, 2025 and the Nigeria Tax Administration Act, 2025. The new guidelines are targeted at taxpayers, Virtual Asset Service Providers (VASPs), Peer-to-Peer (P2P) marketplace operators, tax practitioners and individuals engaged…
President Bola Ahmed Tinubu has signed the Presidential Executive Order on Virtual Assets Coordination, 2026, introducing a unified regulatory framework for Nigeria’s cryptocurrency and virtual assets sector. The new directive, which takes immediate effect, establishes a Virtual Asset Council chaired by the Central Bank of Nigeria (CBN), with the Nigeria Revenue Service (NRS) and the Securities and Exchange…
Bitcoin hit its highest level on record on Wednesday, far above the previous high from January, as risk sentiment continues to improve after last month’s tariff-induced selloff. Bitcoin surged to a new high of $109,760.08 before settling at $108,117, marking a 1.1% gain. The rally was driven by several factors, including easing trade tensions between…
