A ₦1 million ($733.92) Bitcoin transaction can attract multiple taxes amounting to ₦64,250 ($47.15) before accounting for exchange commission, blockchain network fees or any investment gains or losses, with the government’s take increasing as the asset appreciates before it is sold.
ai-technology1 min readAI
Here’s what a ₦1 million crypto trade could cost under Nigeria’s new tax rules
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TechCabal
Afrika2063
August 5, 2026
Imported
A ₦1 million ($733.92) Bitcoin transaction can attract multiple taxes amounting to ₦64,250 ($47.15) before accounting for exchange commission, blockchain network fees or any investment gains or losses, with the government’s take increasing as the asset appreci
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