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Windfall tax harmful to Nigerian banks, say Moody’s, CIBN

International rating company, Moodys and the Chartered Institute of Bankers of Nigeria have drawn attention to the detrimental effects that the recently proposed windfall tax will have on the nation’s banks. In a report titled ‘Nigeria’s proposed windfall tax on foreign-exchange gains is credit negative for banks, Moodys said, “The windfall tax will have a […]