Windfall Tax
2 Sep 2024
In recent years, Nigerian banks have reported substantial profit growth, driven by various factors including high interest rates and a booming loan market.
30 Aug 2024
Renowned Economist and Managing Director/Chief Executive Officer of Financial Derivatives Company Limited (FDC), Mr. Bismarck Rewane, hasthrown his weight behind the Windfall Tax on financial institutions by the Federal Government, describing the policy as a win-win situation, and one aimed at fostering social good and entrenching equitable distribution of resources for Nigerians. Windfall taxes are…
21 Aug 2024
In the complex tapestry of Nigeria's economic landscape, the banking sector stands as a beacon of stability and profitability. Despite economic headwinds, Nigerian banks have consistently recorded substantial profits, even during periods of economic downturns, N1.07 trillion in 2022. This resilience, while commendable, has sparked discussions about the role these financial giants should play…
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