By InvestAdvocate Lagos (INVESTADVOCATE)-Mid tier lender, Unity Bank Plc said on Wednesday its pretax profit for the period ended December 31, 2016 dropped 22.5 percent to N1.82 billion from N2.34 billion posted a year ago. Also, profit after tax (PAT) of the mid-tier bank declined 53.4 percent to N2.18 billion […]
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To What Extent Will Nigeria Benefit From The Proposed Luxury Tax?
Culled—Proshare April 5, 2017 By Bitrus Baba, PwC Introduction Whether it seems timely or a little too late, Nigeria seems to be keen on measures to make the “rich” pay more and therefore address redistribution of wealth through taxation of luxury items. Generally, luxury tax is a tax on luxury […]
South Africa’s business confidence falls, outlook gloomy
April 5, 2017/Reuters Business confidence in South Africa fell in March from February and was likely to decline further due to the rising political tension, a survey showed on Wednesday. President Jacob Zuma’s decision last week to fire Finance Minister Pravin Gordhan has rattled markets and led S&P Global Ratings […]
