Windfall tax: Nigerian banks dare FG over remittance

Nigerian banks and the federal government, through the Federal Inland Revenue Service, have been enmeshed in disagreement over how much should be paid in a one-off foreign exchange windfall tax, two weeks after an initial deadline elapsed. Recall that President Bola Ahmed Tinubu in July 2024 sought lawmakers’ approval for a 50 percent tax on [...]Windfall tax: Nigerian banks dare FG over remittance

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