The agency responsible for tax collection and administration in Nigeria, recently restructured to improve efficiency.
Nigeria’s crypto exchanges must now report trades, but enforcement remains unclear
Nigeria's new tax policy for cryptocurrency transactions took effect in January 2026, requiring exchanges to log trades into a government portal. The Nigeria Revenue Service oversees the new system, which aims to calculate applicable taxes on digital asset transactions.
How Nigeria plans to use banks and fintechs to recover tax debt
From 2026, banks and fintechs will serve as debt recovery agents for Nigeria's tax authority under the new Nigeria Tax Administration Act, 2025. The Federal Inland Revenue Service (FIRS) has been replaced by the Nigeria Revenue Service (NRS), marking a significant overhaul in tax administration.
