Tag: Reforms

Banking Tax

Banks’ Excess Profits Tax: Cause-Related Marketing to the Rescue?

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By Magnus Onyibe In response to the Central Bank of Nigeria’s (CBN) proposal for a 70% tax on the excessive profits banks made from naira devaluation in 2023—profits which increased by at least 51% due to President Bola Tinubu’s economic reforms—there has been a noticeable rise in banks’ philanthropic activities. The proposed excess profits tax, […]

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Painful Rebirth: Nigeria’s Economic Restructuring Under President Bola Tinubu

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AACS Fortnightly (Mondays) 30th December 2024 From The Chairman’s Desk Thomas Sankara, the revolutionary Burkinabe leader said “Leaders must dare to invent the future“. underscoring the need to be bold and make decisions that ultimately should be in the interest of the people even if in the short run it brings some uneasiness. The height […]

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