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Singapore’s Bilateral Agreements with Nigeria
Singapore–Nigeria Air Services Agreement (ASA)The ASA facilitates the growth of trade, investment, tourism and people-to-people flows between both markets.The Singapore-Nigeria ASA was incepted on 8 March 2012. The ASA facilitates the growth of trade, investment, tourism as well as people-to-people flows between Singapore and Nigeria. Under this agreement, the designated carriers of both countries can operate up to seven weekly passenger services and three weekly cargo services.
Singapore–Nigeria Double Tax Avoidance Agreement (DTA)
DTAs provide relief from double taxation in the situation where income is subject to tax for both countries.
Bilateral Investment Treaty (BIT)BITs aim to promote greater investment flows between two countries by protecting the interests of their investors.Singapore and Nigeria signed a BIT in August 2016. Singapore investors will be granted protection such as non-discriminatory treatment compared with other foreign investments, protection from illegal seizure of property, and the freedom to transfer capital and returns in and out of the country. Read more
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