The FSDH Bank Head of Research, Ayodele Akinwunmi, while presenting the monthly economic and financial markets outlook for June in Lagos, at the weekend stated that the nation’s economy is presently in need of fiscal direction, removal of fuel subsidy and transparent channeling of the proceeds to infrastructure and social investments, as well as competitive … Read more
FSDH has proposed hike in Value Added Tax (VAT) rate and recommended measures for increasing VAT revenue by 218 percent. The bank, in its monthly Economic and Financial Market Outlook, stressed that the proposed increase in VAT rate to 10 percent from five percent will reduce household consumption and compliance with tax payments. Speaking at … Read more
FSDH Merchant Bank has called on the federal government to focus on addressing pressure points in the nation’s economy as a priority after the conclusion of the presidential election. Making this call at the media presentation of the bank’s monthly economic and financial market outlooks, Head of Research, FSDH Merchant Bank, Mr. Ayo Akinwunmi noted … Read more