Bank Directors oppose new windfall tax, call It “excessively burdensome”

The Bank Directors Association of Nigeria (BDAN) has strongly criticized the newly introduced windfall tax by the Federal Government, describing it as “excessively burdensome and ill-timed.” The tax, which imposes a 70 percent levy on profits from foreign exchange transactions by banks for the financial years 2023 to 2025, has raised significant concerns within the [...]The post Bank Directors oppose new windfall tax, call It “excessively burdensome” appeared first on National Daily Newspaper.

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