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.
Japan is on the cusp of a transformative regulatory shift: legalizing cryptocurrency exchange traded funds (ETFs). Finance Minister Satsuki Katayama recently confirmed the government’s willingness to advance considerations for crypto ETFs, building on legislative efforts to treat digital assets as regulated financial products. For global investors, particularly in Nigeria and Africa seeking diversified exposure to Asia’s third largest economy, this development could unlock new capital flows, institutional adoption, and innovation in digital finance.
Japan has long been a crypto pioneer, legalizing Bitcoin as payment in 2017 and maintaining a relatively progressive framework. However, strict rules under the Payment Services Act limited certain products. Recent moves signal maturation:
Katayama’s comments at the Open QUICK 2026 seminar highlight proactive policy: studying ETFs to keep pace with international markets while safeguarding stability.
ETFs would allow retail and institutional investors to gain exposure to Bitcoin, Ethereum, and other assets via traditional brokerage accounts—without direct custody hassles. Benefits include:
Timeline: Potential approvals by 2027–2028, following legislative finalization and FSA rulemaking.
Japan’s economy faces challenges: aging population, low growth, and yen volatility. Crypto offers diversification, inflation hedging, and tech leadership. With China’s restrictions and U.S. pro-crypto policies, Japan aims to become Asia’s hub.
For Nigeria: Japanese ETFs could indirectly benefit African markets through increased global liquidity, tech transfers, and investment in emerging crypto infrastructure.
Implementation requires balancing innovation with consumer protection. Tax reforms, AML compliance, and exchange readiness are key. Skeptics worry about speculation, but history shows regulated frameworks foster sustainable growth.
Japan’s push to legalize crypto ETFs, led by Minister Katayama, cements its role as a forward-thinking player. This not only boosts domestic markets but inspires emerging economies. As digital assets integrate globally, staying informed is crucial for wealth preservation and growth.
At Akinyele Oluwale & Co Investment Ltd, we provide expert analysis on crypto policy, global markets, and Nigeria-specific strategies. Contact us to explore opportunities in this evolving landscape.
