Why depositors will bear the burden of Tinubu’s “ill-thought out” 50% windfall tax on Nigerian banks – Olisa Agbakoba

Temitope Nlewemchi — Wed, 24 Jul 2024 08:07:58 +0000

Dr. Olisa Agbakoba has explained how the federal government’s proposed 50% windfall tax will negatively impact bank operations and its customers in Nigeria. Dr. Agbakoba is the Senior Partner and Head of the Alternative Dispute Resolution (ADR) and Arbitration practice group at Olisa Agbakoba Legal (OAL), with expertise in Maritime and Blue Economy Law, Space [...]

Source from InfoStride News

Senate passes Finance Act amendment bill, increases banks windfall levy to 70%

Temitope Nlewemchi — Wed, 24 Jul 2024 07:45:33 +0000

The Nigerian senate yesterday passed the amendment bill of the 2023 Finance Act and increased the windfall levy on banks’ foreign exchange revaluation gains from 50% as proposed by the President to 70%. The Chairman of the Senate Committee on Finance, Sen. Sani Musa read the report of the Committee on Finance before it was [...]

Source from InfoStride News

Finance Act – InfoStride News

Why depositors will bear the burden of Tinubu’s “ill-thought out” 50% windfall tax on Nigerian banks – Olisa Agbakoba

Senate passes Finance Act amendment bill, increases banks windfall levy to 70%