Banks Pay N205bn Windfall Tax, Owe N600bn Amid Naira Devaluation
n the 2024 financial year, six major Nigerian banks have paid approximately N205.59 billion as windfall tax following the country’s...
Tag Archives: #NairaDevaluation
Naira Depreciates Slightly Amid CBN Interventions, FX Reserves Continue to Rise
In a week marked by fluctuating market dynamics, the Nigerian naira experienced a modest depreciation of 0.6% against the U.S....
Nigeria’s Debt Servicing Hits N6.04tn in H1 2024, Raising Sustainability Concerns
Nigeria's debt servicing expenses skyrocketed to N6.04 trillion in the first half of 2024, marking a staggering 68.8% increase from...