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On 3 May 2023, the Nigerian government approved a National Blockchain Policy for Nigeria ("Policy"). As the leading digital economy in Africa, Nigeria is the first in the continent to adopt this important technology on a nationwide.

Nigeria's tax laws and regulations have undergone various amendments in the past, with the Finance Act 2023 (“the Act or “FA”) being the most recent amendment. The Act, which became effective on 1 May 2023 though assented to on 28 May 2023 modified certain sections of the Capital Gains Tax Act, Companies Income Tax Act,

In a bid to reenergize the Nigerian creative economy and make it more globally competitive in the digital age, on March 17 2023, President Muhammadu Buhari signed the Copyright Bill 2022 into law (“the Act”) which repeals the Copyright Act, Cap C28, Laws of the Federation of Nigeria, 2004 (“the old Act”). The main objectives of the Act are to:

Nigeria currently operates a self-assessment system. Prior to 1991, tax administration in Nigeria was based exclusively on assessments made by revenue authorities. Focus has since shifted to the self-assessment system as part of the continuing process to encourage voluntary compliance among corporate and individual taxpayer.

The Nigeria's Finance Bill of 2022 (the Bill) has made changes to several fiscal and administrative laws, including the Public Procurement Act, the Capital Gains Tax Act, the Companies Income Tax Act, the Customs, Excise Tariff, etc. (Consolidation) Act, Corrupt Practices and Other Related Offenses Act, the Personal Income Tax Act, the Petroleum Profits Tax Act (PPTA), and the Stamp Duties Act.

On Tuesday 4 April 2023, the President of the Federal Republic of Nigeria delivered the Nigerian Data Protection Bill 2023 (“the Bill”) to the Senate and House of Representatives chambers of the National Assembly for their consideration.

Generally, aviation taxes are complex. With airlines flying across territorial jurisdictions and spending only a portion of their total distance in any particular sovereign state, the question of when and how to tax their income arises.

The Federal Government, through the National Lottery Regulatory Commission (NLRC), regulates lottery and gaming under the National Lottery Act, 2005 and the National Lottery Regulation, 2007(as amended). At the state level, some states also pass laws to regulate the industry such as the Lagos State Lotteries and Gaming Authority Law 2021

In Nigeria, taxation of capital gains is governed by the Capital Gains Tax Act Cap C 1 LFN 2004 (CGTA), Finance Act 2019, Finance Act 2020, and the Finance Act 2021. As outlined in the public presentation of the approved 2023 budget, it is expected that the Finance Bill 2022 will receive