What is the dividend withholding rate between Canada and Nigeria?

Under the Canada-Nigeria tax treaty, the withholding rate on dividends is 15% for portfolio investors (general rate). A reduced rate of 12.5% applies when the beneficial owner is a company holding a qualifying ownership stake (typically 10% or more of voting stock). Note that the reduced rate requires the recipient to file the appropriate treaty benefit claim form before payment. This 15% rate compares to a median of 15% across Canada's 51 active treaty partners, and 15% across Nigeria's 3 active partners.