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allafrica - 1 month ago

Nigeria: 70 Percent Windfall Tax Burdensome, Ill-Timed - Bank Directors

[Daily Trust] The Bank Directors Association of Nigeria has said while the imposition of this windfall tax appears to be a response to the current economic climate, a 70% tax rate is excessively burdensome, ill-timed, particularly considering the ongoing bank recapitalisation efforts.


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