
Bank Directors Express Concern Over 70% Windfall Tax Amid Recapitalization Drive
The Bank Directors Association of Nigeria (BDAN) has voiced its apprehension regarding the recent imposition of a 70% windfall tax on profits derived from foreign exchange transactions by banks. The tax, slated to be effective from 2023 to 2025, has sparked unease within the banking industry, with concerns raised about its timing and potential impact […]