Tax the Profit, Not Movement of Money, Digital Assets Coalition Tells FG
Emma Okonji
Digital Assets Coalition (DAC), the industry alliance representing digital-asset participants and operators in Nigeria, has faulted the new guidelines on the taxation of virtual assets, released on Monday August 3, 2026 by the Nigeria Revenue Service (NRS).
The coalition said the new guidelines, if implemented, would put Nigeria’s $92 billion virtual asset market, built by young Nigerians at risk, adding that the market is currently the largest in sub-Saharan Africa.
The coalition therefore called on NRS to tax the profit on digital asset transactions and not the movement of digital money from one location to another.
