•Bismarck Rewane Renowned economist, Bismarck Rewane, says the 70% windfall tax imposed on banks is punitive and will deter investors. “Don’t forget that the corporate income tax is about 30%. So, this is a very punitive tax,” he said on Channels Television last night. “It discourages investors who say that if I lose money, I […]...
•Nigerian banks The Bank Directors Association of Nigeria (BDAN), has termed the proposed 70 per cent windfall tax on profits generated from foreign exchange transactions by banks as not only excessive but also ill-timed. A press statement from the association after its board meeting yesterday said that while they respect the intentions of the...
The Frontier is Nigeria’s leading online newspaper. It is published by Okims Media Links Limited headed by Sunny Okim, a veteran journalist who is widely known as The Grandmaster, fondly called so by colleagues and friends for being Nigeria’s pioneer movie journalist.
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