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The Nigeria Revenue Service (NRS) has rolled out comprehensive guidelines for the taxation of virtual assets, setting out how cryptocurrencies, non-fungible tokens (NFTs), stablecoins and other digital assets will be taxed in Nigeria.
Issued on August 3, 2026, the framework establishes registration, reporting and record-keeping requirements, valuation principles and compliance obligations for participants in the country’s growing digital asset market.
According to the NRS, the rules apply to taxpayers, virtual asset service providers (VASPs), peer-to-peer (P2P) marketplace operators, tax practitioners and anyone involved in virtual asset transactions.
Everything You Need to Know About Nigeria’s New Crypto Tax Rules for Bitcoin, NFTs and DeFi UsersSource: UGC
The agency classified virtual assets into six categories: cryptocurrencies and exchange tokens, stablecoins and payment tokens, security and investment tokens, utility and governance tokens, NFTs and sovereign digital currencies such as the eNaira.
Below are the key highlights of the guidelines:
1. Applicable taxes
The NRS said a single virtual asset transaction
