Nigeria’s New Tax Regime: What You Need to Know (Finance Act 2025)


At Akinyele Oluwale & Co., we are committed to keeping our clients informed about the latest regulatory changes affecting businesses and individuals in Nigeria.


The Finance Act 2025 represents one of the most significant tax reforms in Nigeria in recent years. Signed into law to simplify the tax system, reduce multiple taxation, and improve ease of doing business, the Act introduces several key changes:


Major Highlights:

Company Income Tax (CIT) reduced to 25% for large companies (from 30%).
Tertiary Education Tax significantly reduced from 2% to 0.5%.
- Strengthened rules against multiple taxation across federal, state, and local governments.
- Expanded scope of Value Added Tax (VAT) on digital services and luxury goods.
- Higher exemption thresholds for Capital Gains Tax and Personal Income Tax.
- Mandatory digital compliance through the new Rev360 platform.


New Tax Portal – Rev360

The Federal Inland Revenue Service (FIRS) has launched Rev360 (www.rev360.gov.ng), a unified digital platform for all federal tax filings and payments. This new system makes tax compliance easier, faster, and more transparent.


Our Advisory

These reforms present both opportunities and compliance requirements for businesses. Early adaptation will help you avoid penalties and optimize your tax position.

Google Cracks Down on Prediction Market Extensions: What the August 1, 2026 Ban Means
Home Blog
Detail
Blog Image
09 July, 2026
Google Cracks Down on Prediction Market Extensions: What the August 1, 2026 Ban Means

In a significant move that could reshape the intersection of technology, finance, and online betting, Google has declared it will ban Chrome extensions that support real-money prediction markets starting August 1, 2026. This policy targets platforms and tools that allow users to place wagers on real-world events — from political elections to sports outcomes and financial markets — directly through browser extensions.


Why Google is Taking This Step


The decision comes amid growing regulatory scrutiny of online gambling and prediction markets worldwide. Key reasons include:



  • Regulatory Compliance: Many jurisdictions are tightening rules around online betting and derivatives-like products.

  • User Protection: Preventing potential addiction, financial losses, and exposure to unregulated platforms.

  • Platform Integrity: Reducing risks of fraud, money laundering, and manipulation within the Chrome ecosystem.

  • Legal Risk Mitigation: Avoiding liability as prediction markets blur the line between entertainment and financial instruments.


What Exactly is Being Banned?


Chrome extensions that:



  • Directly connect users to real-money prediction platforms.

  • Enable wallet integrations for placing bets.

  • Provide real-time odds and transaction capabilities for money-based events.

  • Facilitate peer-to-peer betting using cryptocurrency or fiat.


Extensions focused on information-only prediction markets (non-monetary) or educational tools are expected to remain permitted.


Impact on Users and Developers


For Users:



  • Many popular prediction market tools integrated into Chrome will stop working after August 1.

  • Users may need to switch to standalone apps or alternative browsers.

  • Reduced convenience for those who relied on browser-based trading.


For Developers:



  • Significant disruption for startups and projects built around Chrome extensions.

  • Pressure to pivot to web apps, mobile, or decentralized platforms.


Broader Implications


This move reflects Big Tech’s increasing caution toward gambling-adjacent activities. It aligns with similar actions by Apple and other platforms to limit real-money gaming features.


For the Prediction Market Industry:



  • Acceleration toward decentralized, blockchain-based platforms (e.g., Polymarket, Kalshi) that operate outside traditional app stores.

  • Potential innovation in non-custodial, peer-to-peer solutions.


For Regulators:



  • Signals growing global coordination on digital gambling oversight.


Future Outlook


While this ban limits accessibility, it may ultimately push the industry toward more regulated, transparent, and user-friendly platforms. The rise of decentralized finance (DeFi) and Web3 could provide alternative avenues for prediction markets to thrive.


Conclusion Google’s decision to prohibit real-money prediction market extensions from August 1, 2026, marks a pivotal moment in the evolution of online betting and information markets. It highlights the tension between innovation, regulation, and platform responsibility in the digital age. As the industry adapts, the focus will likely shift toward more robust, compliant, and decentralized solutions.

Tags:
Comments
No Feedback yet
Leave a comment
Your email address will not be published.
Akinyele Oluwale & Co.
Trusted by businesses and individuals across the country
Donations/Payment in Cryptoasset
BTC WALLET:
35yefvwqBCTh89vEM1M5HnHdudJDhnbA3c
XRP WALLET:
rsRy14FvipgqudiGmptJBhr1RtpsgfzKMM
SOL WALLET:
FDdfb9tQHfeMEyP8dxpUdtG7WApZyi9JTGCK8bjoWNUU
Get In Touch
4 Mobolaji Bank Anthony St, Lagos Island, Lagos.
P.O. Box 520, Mushin, Lagos.
akinyeleoluwaleco@gmail.com
© 2026 Akinyele Oluwale & Co. All Rigths Reserved.
Developed by: Aziz
...