70% windfall tax burdensome, ill-timed – Bank directors

The Bank Directors Association of Nigeria has said while the imposition of this windfall tax appears to be a response to the current economic climate, a 70% tax rate is excessively burdensome, ill-timed, particularly considering the ongoing bank recapitalisation efforts. In a release by the Chairman, Board of Directors, Mustafa Chike-Obi, the association formally responded [...]

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