Nigeria Plans to Review Capital Gains Tax That Tanked Equities

December 5, 2025, 12:38 PM UTC

Nigeria will review a capital gains tax set to come into effect at the start of January, after stakeholders including the nation’s stock exchange called for a moratorium because of concern it will deter foreign investors.

The government plans to impose a 30% levy on the sale of Nigerian shares unless the proceeds are reinvested in other listed or unlisted domestic equities. The change — part of a new tax law — will triple capital gains tax on foreigners.

Read More: Nigeria to Tripple Capital Gains Tax for Foreign Equity Investors

Nigerian Exchange Group Plc, operator of the nation’s ...

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