Section 4: Dollar accounting.

(1) The authorised and issued share capital of the Company shall, notwithstanding any provisions to the contrary in any other Act, be denominated in United States dollars. and the books and records of the Company and the accounts shall also be drawn up in the same currency.
(2)
Notwithstanding any provision to the contrary in the Companies Income Tax Act or any other Act, the Company shall compute its income, expenditure (both capital and revenue) profits, assessable profits, total profits and all other amounts required to be computed or calculated by the Companies Income Tax Act or any other Act, in United States dollars, and in particular the reference in section 28 of the Companies Income Tax Act to the rate of tax shall for the Company be taken to be expressed in the same number of cents for each dollar as that section expresses the rate in kobo for each naira.