This page logs specific, dated regulatory developments already covered in this platform's guides for the Indian community connected to Nigeria, each linked to the full guide for detail.
This page is a dated log of specific regulatory developments already reflected in this platform's guides for Nigeria, not a real-time news feed. Each item links to the full guide covering it.
India-Side and Nigeria-Side Developments Affecting NRIs
- High Commission of India, Abuja security advisory (dated advisory, still current)
The High Commission has advised the Indian community of a notable increase in armed robbery and kidnapping risk, with threats reported to be expanding beyond traditional hotspots into the Federal Capital Territory and Lagos, attributed partly to economic pressures.
Compliance for NRIs
- Bilateral trade reported around USD 9 billion (FY2025-26)
India's High Commissioner to Nigeria has been reported citing bilateral trade of roughly USD 9 billion for FY2025-26, up from about USD 7.13 billion the previous year, alongside Indian FDI in Nigeria reported at around USD 27 billion.
Business for NRIs
- Government clarification that no new inheritance tax exists (2025)
Taiwo Oyedele, Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, publicly clarified that a family-rental-income provision in the Nigeria Tax Act 2025 is not a disguised inheritance tax -- Nigeria's own inheritance tax was repealed in 1996 and has not been reintroduced.
Tax for NRIs
- Possible BRICS Leaders' Summit invitation (12-13 September 2026, New Delhi)
India holds the 2026 BRICS chair, and Prime Minister Modi has reportedly invited President Tinubu to the Leaders' Summit in New Delhi -- readers should confirm final attendance closer to the date.
Business for NRIs
- FEMA repatriation limit -- USD 1 million per financial year (Standing rule)
Sale proceeds and other eligible balances in an NRO account can be repatriated abroad up to USD 1 million (or equivalent) per financial year, subject to Form 15CA/15CB certification by the authorized dealer bank.
Compliance for NRIs
