Ten Banks Cough Out N316bn in Windfall Tax on FX Gains
By Lydia Oluremi Ten of Nigeria’s commercial banks paid a total of N316 billion to the government from the foreign
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windfall tax
Zenith Bank Swings to Record N1.09trn FX Gain
Zenith Bank, Nigeria’s second-biggest lender by market capitalisation, swung to a foreign exchange revaluation gain of N1.09 trillion last year
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Otedola backs windfall tax, says banks maintain private jets with $50m yearly
Femi Otedola, a billionaire businessman, has said Nigerian banks are spending an estimated $50 million on the maintenance of private
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