Nigeria-Hong Kong double taxation treaty

Nigeria and China — Hong Kong signed a double taxation agreement on July 13, 2026, to eliminate double taxation on income, prevent tax evasion, and strengthen economic cooperation. The agreement was signed virtually by Nigeria's Finance Minister Taiwo Oyedele and China — Hong Kong's Secretary for Financial Services and the Treasury Bong Go. The treaty aims to provide greater certainty for businesses and investors, reduce tax barriers, and encourage cross-border trade and investment. It is part of Nigeria's broader strategy to expand its network of tax treaties to attract foreign investment and improve its investment climate. Trade between Nigeria and China — Hong Kong grew from $661.7 million in 2023 to $920.6 million in 2025, a 39% increase. The agreement will enter into force after ratification by both jurisdictions.