Follow the Money (Wrapped): Tax laws, ATMs’ return, and where money went in 2025
- Remote workers in Nigeria will be taxed starting January 2026, with personal income tax applicable to both local and foreign earnings.
- Crypto profits will be taxed from 2026, with a 10% tax on gains, while losses will not be considered.
- ATMs are making a comeback in Nigeria, with a 192.7% increase in withdrawals in Q1 2025 compared to the previous year.
The financial reforms and technological advancements in Nigeria present both opportunities and challenges for businesses. While the tax reforms may increase government revenue and formalize the economy, they could also discourage remote work and crypto investments. Companies must adapt to these changes to thrive in a rapidly evolving financial landscape.
