Nigeria's Federal Inland Revenue Service (FIRS) has issued a public notice to provide clarification on the administration of stamp duty. The notice also includes that FIRS is prepared to reposition stamp duty as the next major revenue source for Nigeria, in light of the continued fall in revenue from oil and gas. Two of the key points of the notice include: The scope of stamp duty includes technology, e-commerce, and cross-border transactions as recognized transactions as per amendments made by the Finance Act 2019; and Stamp duty is chargeable on both physical and electronic instruments in one of two ways,...