Nigeria, July 14 -- Nigeria and the Hong Kong Special Administrative Region of China have signed a bilateral agreement to eliminate double taxation and strengthen economic cooperation between both jurisdictions.

The agreement, signed virtually on Monday, is aimed at preventing the double taxation of income, curbing tax evasion and avoidance, and creating a more predictable tax environment for businesses and investors operating across both economies.

Nigeria's Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, signed the agreement on behalf of the Federal Government, while Hong Kong's Secretary for Financial Services and the Treasury, Christopher Hui, signed on behalf of the Hong Kong Special Administrative Regi...