Nigerian Exchange Seeks Deferment of Tax That Tanked Equities

The Nigerian Exchange seeks the suspension of a planned increase in capital gains tax that comes into effect in January due to fears it will derail the market recovery after...

By Ondiro Oganga, Emele Onu · Bloomberg Markets

The Nigerian Exchange seeks the suspension of a planned increase in capital gains tax that comes into effect in January due to fears it will derail the market recovery after years of unorthodox policies deterred foreign investors.