Tax on FX windfall short-term fix, long-term risk - Agusto & Co

A global credit rating firm, Agusto & Co, has described the newly introduced 70 percent tax on banks' foreign exchange windfall as a short-term fix with a long-term risk. Recently, President Bola Tinubu asked the Senate to amend a portion of the Finance Act 2023 to allow the government to impose a 50 percent tax [...]The post Tax on FX windfall short-term fix, long-term risk - Agusto & Co appeared first on The Guardian Nigeria News - Nigeria and World News.

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