Windfall tax: FG to jail defaulting bank executives

The Federal Government has proposed the imprisonment of principal officers of banks who refuse to comply with the one-time windfall tax on banks’ foreign exchange profits in 2023. It also proposed a penalty of 10 per cent of the levy withheld or not remitted annually and interest at the prevailing Central Bank of Nigeria minimum

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Recapitalisation: GTCO raises N209bn via public offer, unveils plans for phase two

Guaranty Trust Holding Company (GTCO) Plc has announced that it raised N209.41 billion through a …

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