Nigerian banks are seeing their earnings decline, and it could get worse
Nigerian banks have begun releasing their Q1 2025 results, and while many are still posting billions in profit, the era ...
Tag: FX gains
Nigerian Banks forex revaluation gains estimated at N3.3 trillion, GTCO, Zenith Bank, Access Corp top list
Nigeria's leading commercial banks recorded significant FX revaluation gains, estimated at a combined total of N3.37 trillion in 2023 and ...
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 ...
Bank stocks fall in early trading as investors digest 50% windfall tax
Early trading data in the Nigerian Exchange has shown a pattern of decline across bank stocks, as investors react to ...
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.
Tinubu seeks to tax FX gains by banks in proposed amendment to finance act
President Tinubu has asked the Senate to amend the 2023 Finance Act to impose a one-time windfall tax on the ...
