Akinyele Oluwale & Co. - Expert Accounting Solutions

Nigeria’s New Tax Regime: What You Need to Know (Finance Act 2025)

At Akinyele Oluwale & Co., we are committed to keeping our clients informed about the latest regulatory changes affecting businesses and individuals in Nigeria.

The Finance Act 2025 represents one of the most significant tax reforms in Nigeria in recent years. Signed into law to simplify the tax system, reduce multiple taxation, and improve ease of doing business, the Act introduces several key changes:

Major Highlights:
Company Income Tax (CIT) reduced to 25% for large companies (from 30%).
Tertiary Education Tax significantly reduced from 2% to 0.5%.
- Strengthened rules against multiple taxation across federal, state, and local governments.
- Expanded scope of Value Added Tax (VAT) on digital services and luxury goods.
- Higher exemption thresholds for Capital Gains Tax and Personal Income Tax.
- Mandatory digital compliance through the new Rev360 platform.

New Tax Portal – Rev360
The Federal Inland Revenue Service (FIRS) has launched Rev360 (www.rev360.gov.ng), a unified digital platform for all federal tax filings and payments. This new system makes tax compliance easier, faster, and more transparent.

Our Advisory
These reforms present both opportunities and compliance requirements for businesses. Early adaptation will help you avoid penalties and optimize your tax position.

12 July, 2026

Trump’s Vision for Economic Reset: Crypto, Prosperity, and Reforming the Financial System

President Donald Trump has repeatedly signaled his intention to overhaul the U.S. and global financial system, emphasizing economic nationalism, deregulation, and the integration of emerging technologies like cryptocurrency. While dramatic interpretations of a “Great Reset” circulate online, Trump’s actual statements focus on practical policy measures aimed at restoring American prosperity, reducing government overreach, and positioning the U.S. as a leader in digital assets. This article examines his key positions, recent developments, and implications for investors worldwide, including in Nigeria.

Trump’s Economic Philosophy: America First

Trump’s approach centers on:

Tax cuts and deregulation to spur growth.

Energy dominance and manufacturing revival.

Criticism of the Federal Reserve and “deep state” financial policies.

Strong support for Bitcoin and crypto as part of a modern financial framework.

In various speeches and interviews in 2025–2026, Trump has described the current system as outdated and vowed to bring about a “new dawn” of prosperity through bold reforms.

Key Statements and Policy Signals

Trump has highlighted:

Crypto-Friendly Stance: Support for Bitcoin as a strategic asset, criticism of Biden-era regulations, and promises to make the U.S. the “crypto capital of the world.”

Financial System Reform: Calls for auditing the Fed, reducing national debt burdens, and exploring alternatives to traditional dollar dominance while maintaining its strength.

“Reset” Rhetoric: References to resetting unfair trade deals, bureaucratic inefficiencies, and global financial imbalances that disadvantage American workers.

These ideas resonate with his base and have driven market optimism around pro-business policies.

Recent Developments (2026)

Continued push for the CLARITY Act and crypto legislation.

Appointments of crypto-friendly officials.

Corporate adoption (e.g., companies adding Bitcoin to balance sheets).

Global ripple effects, influencing emerging markets.

Implications for Nigeria and Africa

Trump’s policies could:

Increase global liquidity and crypto adoption.

Affect commodity prices (oil, minerals) important to Nigeria.

Open opportunities for Nigerian fintech and remittance sectors using stablecoins.

Investment Considerations:

Monitor U.S. policy for impact on Bitcoin and risk assets.

Diversify with local opportunities (NGX, T-bills, regulated crypto).

Focus on long-term fundamentals rather than short-term hype.

Conclusion

While online narratives sometimes exaggerate Trump’s “Reset” comments, his core message is clear: a pro-growth, pro-innovation agenda aimed at American (and by extension global) prosperity. For Akinyele Oluwale & Co clients, staying informed on these shifts is key to navigating opportunities in crypto, traditional markets, and cross-border investments.