Speaking on Wednesday at the “Moneyline with Nancy Investment Forum 2025,” which was organized by broadcaster and financial analyst Nancy Nnaji and had as its theme “Nigeria’s New Financial Landscape: Reforms, Risks, and the Road to Wealth Creation,” Senator Osita Izunaso, the chairman of the Senate Committee on Capital Market and Institutions, warned that the Capital Gain Tax is currently causing panic among investors and urged the federal government to review the new tax laws signed by President Bola Tinubu.According to Daily Trust, there have been some extraordinary sell-offs on the Nigerian market lately. The Nigerian Exchange lost an astounding N4.61 trillion on Tuesday due to panic-driven selloffs as sell pressure increased across sectoral indexes. Following a mixed third-quarter earnings performance by listed companies, investor sentiment fell and the Nigerian Exchange posted its biggest daily losses in decades.
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