Exempt tax on corporate bonds to attract market investors, SEC tells FG | TheCable

The Securities and Exchange Commission has asked the federal government to consider its proposal to exempt corporate bonds from the payment of tax.

“We observed that the world is facing high inflation and low growth. Consequently, the World Bank, the International Monetary Fund and other economic forecasters are trimming down growth estimates with forecasts reflecting sizable downgrades to the outlook for the rest of the year and 2023,” he said.“The commission continues its engagement with the minister of finance, budget and national planning on the request for tax exemption for corporate bonds.

Speaking further at the meeting, the SEC DG announced that the revised capital market masterplan would be launched by November following its approval by the federal government.gotten the support of the federal government through the minister of finance, budget and national planning on the revised Nigerian capital market master plan .

SECNigeria So who should be taxed, the farmers in the Village ?

Singapore Singapore Latest News, Singapore Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

SEC: Ponzi scheme the cancer impeding capital market operationsSEC Director-General Lamido Yuguda said this at a post Capital Market Committee (CMC) meeting press conference in AbujaFriday.
Source: NigeriaNewsdesk - 🏆 10. / 63 Read more »

Capital market’s unclaimed dividends hit N177bn – SECThe Securities and Exchange Commission, on Friday, announced that the unclaimed dividends at Nigeria’s capital market so far computed increased from N168bn in 2020 to N177bn in 2021. Unclaimed dividends will keep running into billions because some shareholders only got N15 🤣, who has time to process that! Ever since I filled forms to receive my commission electronically when due, they managed to pay twice, it seems the abandonment is purposely because of the twice payment. Kai.. Banks profiting madly with this already..
Source: MobilePunch - 🏆 8. / 63 Read more »

FG, Indian group to collaborate on investment in power sector | TheCableThe Bureau of Public Enterprises (BPE) says it will collaborate with Jindal Steel and Power Group in its areas of interest to invest in Nigeria. Alex Okoh, director-general, BPE, said
Source: thecableng - 🏆 2. / 80 Read more »