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 to have a minimal effect, consuming only a modest portion of 10% of its profits. The post Stanbic IBTC says FX gains constitute only 10% of its profit appeared first on Nairametrics.

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