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This is how the Nigerian government will tax your crypto earnings come 2026

This is Follow the Money, our weekly series that unpacks the earnings, business, and scaling strategies of African fintechs and financial institutions. A new edition drops every Monday.  It is no longer news that Nigeria wants to collect tax on crypto proceeds. TechCabal has now learned exactly how it will work. If you spend $2,000 (₦2.93 million) on bitcoin in a year and sell it for $4,000 (₦5.86 million), your gain of $2,000 (₦2.93 million) will be subject to personal income tax. The first ₦800,000 ($545.82) of that profit will be tax-free, and the rest (₦2.13 million/$1,454.18) taxed at 15%, bringing your total payable tax to ₦319,704 ($218.13). "However, if you buy bitcoin at $2,000 (₦2.93 million) and sell iwt for $1,500 (₦2.19 million), you would have made a loss of $500, and under the new tax laws, you will owe nothing. Crypto profits are now subject to personal income tax." “The new law that will take effect in January 2026 will tax you if you make gains ...
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New Music by Chuvano – Plus (Prod. By Zhynobeatz)

Chuvano – Plus.  He is here with another Tract to blow your mind Download and stay Blessed DOWNLOAD HERE Talented Art, “Chuvano” , yet unsigned is out with yet another unique tune titled “Plus”. Chuvano’s previous single “Village Meeting” , fast became a street anthem after the release in 2016, and later won the song of the year at the Miss Uniben Prestigious Awards 2017.  His music is most appreciated for his deep lyrics and passionate expression in the delivery of his vocals. His fans adore him for his captivating and intriguing stage performances, especially when he does the freestyle Acappella vocaling. The Spiritual Murano as he is fondly called, decided to put up a very hilarious piece with very commercial lyrics and a very danceable tune to go with it. Plus is a song that Nigerian Dj’s, and anybody who appreciates African music should appreciate and dance to. Plus was produced by the very creative, ZhynoBeatZ. It comes with a special flavour f...
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