• FEC approves bilateral tax agreement between Nigeria and Singapore

    FEC approves bilateral tax agreement between Nigeria and Singapore

    It was gathered that the Federal Executive Council (FEC) on Wednesday approved a bilateral agreement for the avoidance of double taxation in business deals between Nigeria and Singapore.

    ‎The approval, ratified at the 22nd meeting of FEC, presided over by Vice President Yemi Osinbajo, would also prevent tax evasion on income and capital benefits between Nigeria and Singapore.

    The Minister of Finance, Mrs Kemi Adeosun, told State House correspondents that the objective of the agreement was to facilitate more trade between Nigeria […]