Tag: Tax

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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Sani Shinkafi

Sani Shinkafi: Governors Saying Tax Bills Will Cause Hardship Are Responsible For Poverty In North

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Olayiwola Oshunrinade Sani Shinkafi, Executive Director of the Patriots for the Advancement of Peace and Social Development (PAPSD), has criticised the state governors who are opposing the proposed tax reforms. On October 3, President Bola Tinubu asked the national assembly to consider and pass four tax reform bills. On October 28, the Northern States’ Governors’ […]

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Ali Ndume

Why I May Dump APC Soon – Ali Ndume

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Olayiwola Oshunrinade Senator representing Borno South Senatorial District, Ali Ndume, has threatened to dump the ruling All Progressives Congress (APC) over the four tax reform bills proposed by President Bola Tinubu. Ndume spoke on Thursday night when he appeared on Politics Today, a Channels Television programme – hours after the senate passed the bills for […]

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