Nigerian deputy governor moots tax on FDI dividends and capital transfers

Kingsley Moghalu calls on emerging markets to become ‘much more endogenous'

Dr Kingsley Moghalu

Emerging markets suffering capital outflows caused by Federal Reserve ‘tapering' have the tools to free themselves from "the slavery of portfolio investments", including penalties to discourage early liquidation of assets, and taxes on foreign investment dividends and capital transfers, Central Bank of Nigeria deputy governor Kingsley Moghalu has argued. 

Delivering the keynote address at the National Asset and Liability Management Europe conference in London today, Moghalu said the "extremely

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