Wire · operational-macro
Nigeria's FIRS Targets Crypto with Transaction Taxes and VASP Levies
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Fusion42 · 26 September 2026 · Fusion42 review
Nigeria's Federal Inland Revenue Service has introduced transaction taxes and levies on Virtual Asset Service Providers (VASPs), including a 30% corporate tax on crypto firms, and requires tax IDs for new crypto accounts to formalise the country's large crypto market within the tax system.
This Wire brief sits within Fusion42's coverage of Fintech.
◆ ◆ The Wire takeaway
You will face higher costs and compliance burdens if you operate as a licensed crypto exchange in Nigeria, potentially driving customers to peer-to-peer channels that avoid tax. This creates a narrow window to prove formal market value before informal networks dominate again.
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1 source · 26 Sep 2026
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