Nigeria issues tax guidance for digital assets, bringing crypto, stablecoins and NFTs into the tax net

Nigeria's new digital-asset tax guidelines formally bring crypto, stablecoins, NFTs, and income streams like mining, staking, airdrops, and token rewards into the tax net. The move increases regulatory clarity but also raises compliance and reporting burdens for local participants and platforms. Near-term market impact is likely concentrated in Nigeria-linked activity and flows, with limited immediate spillover to broader crypto unless followed by enforcement actions.