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FG raises unpaid tax interest rate to 5% over MPR

The Federal Government has fixed interest rate on unpaid taxes at 5 per cent above the Central Bank of Nigeria’s, CBN, Monetary Policy Rate, MPR, for 2017. CBN’s current MPR is at 14 per cent. The new interest rate, which was announced by Minister of Finance, Mrs. Kemi Adeosun, Monday…

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