Nigeria's Capital Gains Tax Reform: Past Gains Won't Be Taxed, Clarifies Oyedele

The Nigerian Capital Gains Tax reform, effective from January 1, 2026, clarified by Taiwo Oyedele, ensures that historical gains made before 2026 will not be taxed. The reform resets the cost basis to prevent taxing old gains, aiming for fairness in taxation.

The Nigerian Stock Exchange faced significant declines amid uncertainty over the reform, with investors fearing taxation on unrealized historical gains.