The new Nigeria tax bill was signed in June 2025 that will be enacted in 2026 and will usher in big changes for business, investors, and everyday citizens. One big inclusion is the cryptocurrency and digital assets within the new tax framework.

How will it affect cryptocurrencies?
Digital assets and cryptocurrency are chargeable assets under the new Capital Gains Tax, which subject all digital assets to 10% capital gain tax.
Income from trading will be subject to to income tax between 7% to 24%.
7.5% VAT will be added every trading fee and operational cost. Which will increase cost for traders especially those that engage in frequent microtransactions

Regulation of Crypto platforms:
Virtual Assets Service Providers (VASP) must register with federal inland revenue (FIRS). The new regulations compel the service providers to report large transactions,  adhering to KYC, failure to comply attracts 10 million naira fine or loss of license.
 
Challenges for crypto traders: Every crypto trader must keep detailed transaction receipt to taxable gains. Small scale traders may find high taxes and compliance cost burdensome which will reduce participation

What crypto traders should do: To prepare for new realities in 2026, every trader must keep accurate record of all activities and consult tax professional to navigate the new tax law
Nigeria’s tax reform is trying to regularize and monetize its vibrant crypto sector, while looking for a regulated environment for Virtual assets, the law is risking pushing some activities underground if the enforcement is not well organized

This talk is from someone who has not done any sort of farming before, Farming is like any other business, within months you may lose everything. I use to run a plantain farm but thieves in my area nearly bankrupted me. So before you say people don't want to farm anymore, go outside and ask the farmers what they are facing

The major financial lesson to learn is the concept of a store of wealth. A store of wealth is any asset that preserves its value over time. , it allows people to save today and spend in the future without losing purchasing power while gaining marginal profit. Over the years, Gold and Real Estate have been the most reliable sources of wealth, but in recent times, Bitcoin has entered the conversation. As a young Nigerian seeking to have a future of financial freedom, it's important to learn the strengths and weaknesses of the three.

Gold: Timeless stability
For centuries, Gold has been a trusted source of wealth. Its global acceptance and scarcity give it an edge against inflation and unstable currency. Gold is easily accessible in Nigeria in the form of Jewelry and coins. However, Gold does not generate cash flow.

Real Estate: Land never lies
Land is one of the most valuable ways to store wealth in Nigeria. Buying land in developing cities provides Good appreciation in a long run as urbanization expands. Real Estate takes time to sell but it has serve as foundation for wealth building for many Nigerian families. Development of rental properties also guarantees a steady cash flow.

Bitcoin: Digital Gold for the future
Bitcoin has a fixed supply of 21 million coins which offers similar scarcity to gold but Bitcoin is superior in term of how portable and divisible it is. As a Nigerian, value can be store in Bitcoin outside of the naira system which give protection against devaluation. However, the the volatile nature of the price makes it risky, also in Nigeria, government policy can affect access and trade.

No single asset is perfect. Combining Gold for its timelessness, land for its stability, and Bitcoin for its morfern potential can help build a strong financial foundation that can withstand unstable economic conditions and store wealth for the future.

Its funny to think there are still some people in this country that thinks our law enforcement officers are reasonable enough for you to explain BitcoinTalk to them. You come call yourself a Bitcoin Discusser join, dem for don throw you like one or two slaps to put your mind say you be yahoo boy. I think the best thing to do is to say what will get you out of there as quickly as possible.

About the name why not BITCOIN ANALYST

I think Greed is the reason people still fall for this type of scam in 2025, How do you expect to make a lot of money by just signing up to a website or watching some videos? I think a lot of people seek miraculous blessings instead of grinding as hard as they could

I don’t think Bitcoin can replace Gold or Land as a chief store of wealth in Nigeria because the need for Gold and land will always increase. As a society we will always need land to build houses and agriculture which will always protect the value of land, Gold will always be highly valuable. Before we can talk about Bitcoin replacing Land and Gold as a store of wealth in Nigeria at least 50 percent of the population has to believe in it, I don't think we can get that anytime soon

Pidgin English don erase language barrier for Nigeria and e don help people communicate better and that na why we dey use am and English for here, if we try using our local languages for here we no go fit communicate. What I think can be done to promote our local languages on this forum is to create more child boards that are language specific so people that want to use their languages can just go there to read and write in the board primary language

I no sure say na criticism dey discourage newbies for here, na the orientation to join the forum and make money bring a lot of people come here, after you don join and e be like say progress no dey fore few weeks, you go just tire na why newbie dey pop in and pop out.
To grow profile or earn merit for here no easy and e for good if people wey dey refer people to this forum to give people better OT about am

Hello everyone, I'm happy to be part of this amazing forum to learn and discuss with my countrymen and women
Username: Fountainman

I think Telegram is going to encounter more difficulties from governments around the world because it's offering more than messaging, it's giving people a way to generate income and enabling transactions that the governments can't control. No government will like that so am expecting more bans and more restrictions from governments all over the world