{"id":78996,"date":"2025-11-20T05:23:43","date_gmt":"2025-11-20T05:23:43","guid":{"rendered":"https:\/\/abujacityjournal.com\/livenews\/?p=78996"},"modified":"2025-11-20T05:23:43","modified_gmt":"2025-11-20T05:23:43","slug":"oyedele-virtual-currency-now-taxable-capital-market-gains-remain-exempt","status":"publish","type":"post","link":"https:\/\/abujacityjournal.com\/livenews\/2025\/11\/20\/oyedele-virtual-currency-now-taxable-capital-market-gains-remain-exempt\/","title":{"rendered":"Oyedele: Virtual Currency Now Taxable, Capital Market Gains Remain Exempt"},"content":{"rendered":"<p><strong>By Onyeanya Ebere Immaculata<\/strong><\/p>\n<p>Virtual currency is now taxable under Nigeria\u2019s new fiscal reforms, while capital market gains will remain fully exempt, the Presidential Fiscal Policy and Tax Reforms Committee has announced.<\/p>\n<p>Committee chairman Taiwo Oyedele disclosed this during an online lecture organised by the Capital Market Academics of Nigeria.<\/p>\n<p>He said the exemption is designed to attract young Nigerians to regulated investments and discourage dependence on cryptocurrency speculation and gambling.<\/p>\n<p>Oyedele warned that misinformation, such as claims that capital market investments attract a 30% tax continues to deter potential investors. He stressed the need for stronger public education and accurate information to boost confidence.<\/p>\n<p>On tax refunds, he explained that the new law mandates the government to reserve dedicated funds for refund obligations rather than spend all generated revenue.<\/p>\n<p>He added that the committee is working with the National Orientation Agency to translate key provisions of the law into local languages for wider understanding.<\/p>\n<p>Virtual currency, according to NAN, is a digital representation of value that exists only online and is often issued by private developers or virtual communities.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Onyeanya Ebere Immaculata Virtual currency is now taxable under Nigeria\u2019s new fiscal reforms, while capital market gains will remain fully exempt, the Presidential Fiscal Policy and Tax Reforms Committee has announced. Committee chairman Taiwo Oyedele disclosed this during an online lecture organised by the Capital Market Academics of Nigeria. He said the exemption is [&hellip;]<\/p>\n","protected":false},"author":32,"featured_media":78997,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173,1718,172],"tags":[],"class_list":["post-78996","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","category-finance","category-news"],"aioseo_notices":[],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts\/78996","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/users\/32"}],"replies":[{"embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/comments?post=78996"}],"version-history":[{"count":1,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts\/78996\/revisions"}],"predecessor-version":[{"id":78998,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts\/78996\/revisions\/78998"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/media\/78997"}],"wp:attachment":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/media?parent=78996"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/categories?post=78996"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/tags?post=78996"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}