Exchange Group Enlightens Stakeholders About Capital Gains Tax

Nigerian Exchange Group (NGX Group) has reinforced its relation arsenic a trusted catalyst for marketplace improvement by convening a high-level stakeholder dialog connected the Capital Gains Tax (CGT) provisions wrong the Tax Reform Act 2024, acceptable to instrumentality effect successful January 2026.

The virtual forum brought unneurotic policymakers, issuers, investors, intermediaries, and regulators successful a constructive speech aimed astatine deepening knowing of the caller taxation authorities portion ensuring that marketplace competitiveness remains a priority. The dialog provided captious clarity connected cardinal provisions and created an avenue for stakeholders to stock perspectives that volition assistance signifier implementation.

A cardinal absorption was introducing a 30 per cent taxation complaint connected gains from the disposal of shares, a complaint aligned with Nigeria’s firm income tax. While participants highlighted planetary benchmarks for comparison, the treatment underscored the value of dialog successful refining implementation to sphere Nigeria’s attractiveness arsenic an concern destination.

Other issues raised included determining basal cost, with recommendations for prospective calculation from the Act’s effectual date, and the attraction of cross-listed securities, flagged arsenic an country requiring cautious guidance to debar compliance complexity and treble taxation.

Group president of NGX Group, Alhaji Umaru Kwairanga reaffirmed the Exchange’s relation successful bridging argumentation and marketplace realities, saying, “at NGX Group, we judge that important argumentation shifts indispensable beryllium intelligibly understood and calibrated to sphere marketplace confidence. Our halfway relation is facilitating this indispensable engagement betwixt policymakers and the marketplace to guarantee reforms construe into sustainable, semipermanent economical growth.”

Providing authorities context, president of the Presidential Committee connected Fiscal Policy and Tax Reforms, Taiwo Oyedele added, “The Tax Reform Act is designed not to stifle investments but to make a fair, transparent, and sustainable taxation environment. Engaging with stakeholders done platforms specified arsenic NGX Group ensures that reforms are amended understood and that marketplace feedback straight informs implementation.”

Adding a marketplace perspective, GMD/CEO of NGX Group, Temi Popoola, stressed the value of resilience: “Reforms of this standard rise important questions for issuers and investors alike. Our precedence is to guarantee the superior marketplace remains charismatic and forward-looking. By creating forums similar this, we supply clarity, alteration dialogue, and assistance the marketplace accommodate to fiscal changes successful ways that enactment semipermanent growth,” helium stressed.

Participants wide acknowledged the forum arsenic timely and constructive, with NGX Group erstwhile again demonstrating enactment arsenic a convener of solutions-driven dialogue.

By facilitating this engagement, NGX Group has strengthened its presumption arsenic an indispensable span betwixt authorities and industry. It ensures that taxation reforms are implemented successful a mode that safeguards marketplace vitality portion supporting Nigeria’s broader economical goals.