Crypto Tax Framework: Nigeria's Revenue Service dropped its first formal guidelines for taxing virtual assets, imposing a 1.5% stamp duty on token-to-fiat and fiat-to-token transfers. Exchanges must withhold the tax in the same digital asset being traded.
Private Sector Still Growing: The Stanbic IBTC PMI landed at 52.5 for July, marking a sixth straight month of expansion. New business orders stayed strong even as the overall pace slowed.
