Nigeria Introduces New Cryptocurrency Taxation Framework Under NTAA 2025

opeolumartinJanuary 14, 202603 mins

Abuja, Nigeria — January 14, 2026

Nigeria has introduced a new cryptocurrency taxation framework under the Nigerian Tax Administration Act (NTAA) 2025, a landmark reform that brings digital assets formally into the country’s tax system. The law, which comes into full effect in 2026, is aimed at regulating the fast-growing crypto market while expanding the national tax base.

Under the new framework, cryptocurrency transactions will be linked to Tax Identification Numbers (TINs) and National Identification Numbers (NINs), effectively ending anonymity for taxable digital asset activities. Authorities say the measure will improve transparency, curb illicit financial flows, and ensure that profits from digital assets are treated in line with other forms of income.

The NTAA 2025 recognizes cryptocurrencies and other digital assets as taxable instruments, covering activities such as trading, transfers, staking rewards, and capital gains. Individuals and businesses dealing in crypto will now be required to disclose transactions through registered platforms or approved reporting channels connected to their TINs and NINs.

Government officials describe the reform as a balancing act between innovation and regulation. By integrating crypto into the existing tax framework, Nigeria aims to legitimize the sector, protect investors, and align with global standards on digital finance oversight, while still encouraging fintech growth.
Industry analysts say the move represents one of Africa’s most comprehensive attempts to formalize cryptocurrency usage. While some users have raised concerns about privacy and compliance costs, others believe the clarity provided by the law could attract institutional investors and strengthen confidence in Nigeria’s digital economy.

With enforcement set to ramp up throughout 2026, tax authorities have urged crypto users to regularize their records and ensure proper registration. Penalties for non-compliance, including fines and potential restrictions on accounts, are expected to be applied under the broader provisions of the NTAA.
The introduction of the crypto taxation framework marks a significant shift in Nigeria’s financial policy, signaling that digital assets are no longer operating on the fringes, but are now firmly within the country’s regulated economic system.