“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.
“So, I think for now, given that there are so many considerations, and considering all these factors, we feel the tax rebate should be reinstated and we have been working with the tax and fiscal authorities to advocate the return to the status quo.” Yuguda asssured that despite the harsh operating environment, the Commission will continue to strive and fulfil its mandate of protecting investors and creating an enabling environment for market operations.
“A large number of investors are also still unaware of the eDMMS and have not mandated their accounts. The Commission will however continue to create awareness in this regard.
Source: News Formal (newsformal.com)
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Nigeria Latest News, Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Exempt tax on corporate bonds to attract market investors, SEC tells FG | TheCableThe Securities and Exchange Commission (SEC) has asked the federal government to consider its proposal to exempt corporate bonds from the payment of tax. Lamido Yuguda, director-general, SEC, said this SECNigeria So who should be taxed, the farmers in the Village ?
Source: thecableng - 🏆 2. / 80 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 »
SEC: Operators frustrating reduction of unclaimed dividends to face stiff penaltiesThe Director General of Securities and Exchange Commission (SEC), Lamido Yuguda, at the weekend, warned that stiff penalties await stakeholders frustrating the Commission’s efforts to reduce the volume of unclaimed dividends in the country.
Source: NigeriaNewsdesk - 🏆 10. / 63 Read more »
Nigerian government urged to exempt tax on corporate bonds to attract market investorsThe Securities and Exchange Commission (SEC) has asked the federal government to consider its proposal to exempt corporate bonds from the payment of tax.
Source: NigeriaNewsdesk - 🏆 10. / 63 Read more »
Exempt tax on corporate bonds to attract market investors, SEC tells FG | TheCableThe Securities and Exchange Commission (SEC) has asked the federal government to consider its proposal to exempt corporate bonds from the payment of tax. Lamido Yuguda, director-general, SEC, said this SECNigeria So who should be taxed, the farmers in the Village ?
Source: thecableng - 🏆 2. / 80 Read more »
Nigerian government urged to exempt tax on corporate bonds to attract market investorsThe Securities and Exchange Commission (SEC) has asked the federal government to consider its proposal to exempt corporate bonds from the payment of tax.
Source: NigeriaNewsdesk - 🏆 10. / 63 Read more »