The Bank Directors Association of Nigeria (BDAN) has raised an alarm over the recent decision by the National Assembly to impose a 70% windfall tax on foreign exchange (FX) revaluation gains by Nigerian banks, calling on the lawmakers to revisit the legislation. BDAN, representing the collective voice of bank directors across Nigeria, expressed its concerns … Continue reading Nigerian Bank Directors Urge National Assembly to Reconsider 70% Windfall Tax on Banks Amid Recapitalization Struggles