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LequteMan
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Chief Executive Officer of the Nigeria Stock Exchange, Mr. Oscar N. Onyema, has applauded the Federal Government for implementing the elimination of VAT on stock market transaction fees. Daily Independent reports.
The measure, according to him was announced by the Coordinating Minister for the Economy in December 2012 and is a demonstration that the capital market is a key component of the Federal Government’s transformation agenda.
"The elimination of VAT on stock market transaction fees will ultimately reduce the cost of transactions for investors, and will encourage investments in the Nigerian Capital Market," he added.
Mr. Onyema noted that the stamp duty waiver, which was also announced in 2012 by the Honourable Minister is yet to be implemented. He expressed confidence that the Federal Government will expedite the implementation process in the interest of investors in the Nigerian Capital Market, which is an important engine of growth for the Nigerian economy.
#Nigeria #Stock #NSE
The measure, according to him was announced by the Coordinating Minister for the Economy in December 2012 and is a demonstration that the capital market is a key component of the Federal Government’s transformation agenda.
"The elimination of VAT on stock market transaction fees will ultimately reduce the cost of transactions for investors, and will encourage investments in the Nigerian Capital Market," he added.
Mr. Onyema noted that the stamp duty waiver, which was also announced in 2012 by the Honourable Minister is yet to be implemented. He expressed confidence that the Federal Government will expedite the implementation process in the interest of investors in the Nigerian Capital Market, which is an important engine of growth for the Nigerian economy.
#Nigeria #Stock #NSE
