2026 Outlook: Tax Reform Update and Trading Investment Plan Communication
Dear Valued Clients and Esteemed Investors,
We extend our sincere appreciation to you for your continued trust, cooperation, and partnership with Akinyele Oluwale & Co. Your confidence and commitment remain fundamental to our ability to serve you effectively across our tax advisory and trading investment plan engagements.
Tax Reform Update
We commend our clients for their consistent fulfillment of tax obligations and their contribution to Nigeria’s socio-economic development during the last fiscal year. Your compliance—whether as corporate entities or individual taxpayers—plays a critical role in national growth, infrastructure development, and public service delivery.
As we transition into 2026, Nigeria’s ongoing Tax Reform agenda is aimed at building a fairer, simpler, and more growth-oriented tax system. Key developments include enhanced tax administration through expanded digital platforms, the transition from FIRS to the Nigeria Revenue Service (NRS), reduced compliance burdens, and improved taxpayer services. Importantly, the reforms prioritize broadening the tax base rather than increasing tax rates, encouraging voluntary compliance, and strengthening transparency and accountability in tax revenue utilization.
Corporate taxpayers continue to benefit from reforms that support ease of doing business, clearer regulatory guidance, and incentives for investment and job creation. Individual taxpayers equally benefit from improved taxpayer identification systems, balanced enforcement mechanisms, and increased taxpayer education and awareness.
We remain fully committed to keeping you informed, compliant, and strategically positioned under the evolving tax landscape.
Trading Investment Plan Update
Reflecting on the 2025 financial year, we sincerely appreciate your patience, trust, and confidence in our investment operations. The year presented significant global and local market challenges that impacted financial markets broadly. These conditions contributed to the delayed and, in some instances, failed payouts experienced during the period.
We wish to clearly reaffirm that these setbacks were driven by market conditions and not by any lack of commitment, integrity, or operational diligence on our part.
Looking ahead to 2026, we remain firmly focused on stabilizing operations and addressing outstanding payout obligations. Strategic measures are already being implemented to mitigate market risks, strengthen performance, and enhance resilience. We are confident that these steps will support improved outcomes in the near term.
We deeply value your partnership and remain committed to transparency, accountability, and sustainable long-term growth.
Thank you for your continued support as we move forward together.
Yours faithfully,
Akinyele Oluwale & Co.
The bottom for ETH / BTC would settle between 0.03 and 0.04.
Recently, ETH / BTC dipped to 0.03833.
Trying to pinpoint the exact bottom is a fool's game.
I believe that ETH / BTC will establish a solid support level as we approach the end of the year.
If 0.038 doesn't hold, 0.036 might step in as support, given that it marks the high from 2016.
Once again, I can't predict the precise low. In my opinion, the worst-case scenario is 0.03, though I would be surprised if it actually reached that point.
To clarify, I anticipate that ETH / BTC will rise in 2025, making debates over whether the low is 0.03, 0.036, or 0.038 seem trivial.
In the last cycle, ETH/BTC hit its bottom when quantitative easing began, which may still be some time away. However, it's worth noting that in both 2016 and 2019, when ETH/BTC experienced a downturn, it took only 7-8 weeks to find a bottom, and we are currently in week 8.
Stay open-minded and adaptable to short-term fluctuations, but I believe the majority of the downtrend is behind us.
Keep in mind that ETH / BTC is distinct from ETH / USD.
In both 2016 and 2019, when ETH/BTC fell, ETH/USD also declined in Q4, even though ETH/BTC found its bottom in September 2019.
