Do I pay capital gains tax on shares in Nigeria?

A share disposal is exempt only if both tests are met: your total share proceeds over 12 months are below ₦150,000,000 and the gain is at or below ₦10,000,000. If either is exceeded, the gain is chargeable.

What is the capital gains tax rate on shares in 2026?

From 2026 individuals are taxed on chargeable share gains at their personal income tax band rates rather than a single flat rate, and companies pay at the 30% rate. The exact amount depends on your other income, because the gain stacks on top of it.

How can I reduce capital gains tax when I sell shares?

Reinvesting the proceeds into shares of Nigerian companies can defer the gain through reinvestment relief. Staying within both exemption limits — proceeds under ₦150,000,000 and gains at or under ₦10,000,000 — also keeps a disposal exempt.

IndividualUpdated 15 January 2026

Capital gains on shares

Whether your share disposal is chargeable at all, and what it costs if it is.

Tax year

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This disposal

Sale proceeds

What you paid for them

Costs of buying and selling

Your other share sales

I sold other shares in the last 12 months

The proceeds threshold looks at a rolling 12-month window, not the calendar year. Other sales count toward it.

Reinvestment and other income

Amount reinvested in Nigerian shares this year

Your other chargeable income

Enter your sale proceeds and cost on the left. We will tell you whether the gain is chargeable at all before we tell you what it costs.

What changed for share disposals

Until 2026 capital gains were a flat 10%, and a share disposal was chargeable once your 12-month proceeds reached ₦100,000,000 — however small the gain. From 2026 an individual’s gains are taxed at personal income tax band rates instead, which means the same gain costs different people different amounts — and costs more if you already earn a lot. Two thresholds now decide whether a share gain is chargeable at all: proceeds of ₦150,000,000 across a rolling 12 months, and a gain of ₦10,000,000. Both must be exceeded. Reinvest the proceeds in Nigerian shares in the same year and the gain is relieved in proportion to what you put back.

Common questions

Do I pay capital gains tax on shares in Nigeria?: A share disposal is exempt only if both tests are met: your total share proceeds over 12 months are below ₦150,000,000 and the gain is at or below ₦10,000,000. If either is exceeded, the gain is chargeable.
What is the capital gains tax rate on shares in 2026?: From 2026 individuals are taxed on chargeable share gains at their personal income tax band rates rather than a single flat rate, and companies pay at the 30% rate. The exact amount depends on your other income, because the gain stacks on top of it.
How can I reduce capital gains tax when I sell shares?: Reinvesting the proceeds into shares of Nigerian companies can defer the gain through reinvestment relief. Staying within both exemption limits — proceeds under ₦150,000,000 and gains at or under ₦10,000,000 — also keeps a disposal exempt.