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NGX Group deepens market confidence with dialogue on capital gains tax reforms
['Obinna Ezugwu']
Business Hallmark
The Nigerian Exchange Group (NGX Group) has reinforced its position as a key driver of market stability by hosting a high-level stakeholder engagement on the Capital Gains Tax (CGT) provisions of the Tax Reform Act 2024, scheduled to take effect in January 2026.
NGX Group Chairman, Alhaji Umaru Kwairanga, underscored the Exchange’s role in bridging policy and market realities.
“At NGX Group, we believe significant reforms must be clearly understood and calibrated to maintain market confidence.
Offering the government’s perspective, Taiwo Oyedele, Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, said: “The Tax Reform Act is designed to create a fair, transparent, and sustainable tax system, not to discourage investments.
By facilitating engagement, NGX Group reaffirmed its role as a critical link between government and industry, ensuring that tax reforms are implemented in ways that safeguard market confidence while advancing Nigeria’s economic aspirations.