Stanbic IBTC says FX gains constitute only 10% of its profit
Stanbic IBTC Plc, the Nigerian unit of Standard Bank Group Ltd., expects the proposed windfall tax on foreign exchange gains ...
Tag: Finance Act
Bank Directors call on National Assembly to revisit 70% windfall tax, says it is ill-timed, burdensome
The Bank Directors Association of Nigeria, (BDAN) has called on the National Assembly to revisit the 70% windfall tax amendment ...
Senate passes Finance Act amendment bill, increases banks’ windfall levy to 70%
The Nigerian senate yesterday passed the amendment bill of the 2023 finance act and increased the windfall levy on banks foreign ...
Why depositors will bear the burden of Tinubu’s “ill-thought out” 50% windfall tax on Nigerian banks – Olisa Agbakoba
Dr. Olisa Agbakoba has explained how the federal government's proposed 50% windfall tax will negatively impact bank operations and its ...
FG to tax banks 50% of realised profits on FX gains in amended 2023 Finance Act
The federal government plans to tax bank 50% of profit realised from foreign exchange revaluation in 2023.
FG considering temporary suspension of N10 sugar tax on beverage manufacturers
The federal government is currently looking into a temporary suspension of the N10 tax on Sweetened Sugar Beverages (SSBs) as ...
Tinubu proposes N6.2 trillion increase in 2024 budget, to fund with new tax on banks forex gains
President Bola Tinubu has written to the Senate requesting an increase in the 2024 appropriation act by N6.2 trillion, from ...
Suspension of 5% excise duty on telecoms industry will likely be lifted in the future – Taiwo Oyedele
The Fiscal Policy Partner and Africa tax leader at PwC, Mr. Taiwo Ayodele has stated in an interview with Nairametrics ...
Senate to reduce N12 trillion 2023 budget deficit through Finance Act amendment
The Nigerian Senate has disclosed that it plans on tackling it through an amendment of the Finance Act.
FG revenue projection uncertain as Customs raises concern over Finance Act
The Federal Government’s revenue projection faces some uncertainty as the Nigeria Customs Service (NCS) has expressed fears over the Finance ...
