Tinubu's tax task force swings into gear
The Presidential Committee on Fiscal Policy, Tax Reforms has begun its work. Its key mission is to bring Nigeria's tax rate up from 11% to the continental average of 18%.
Early next year, the Franco-Nigerian Chamber of Commerce will hold an event in Lagos dedicated to French firms. The body intends to take advantage of a favourable political context for investment in Nigeria, and is counting on the allure of its top businessmen.
For the last year, the British and Nigerian partners have been helping foreign companies, among them France's TotalEnergies, to repatriate their profits in naira to Europe. But the liberalising of Nigeria's foreign exchange market could harm this lucrative line of business.