The federation account allocation committee (FAAC) says it shared N1.12 trillion with the three tiers of government in December 2023. FAAC disclosed this in a communique issued at its January
Tag "ETML"
The Federal Inland Revenue Service (FIRS) has directed banks to commence the deduction of the sum of N50 as electronic money transfer levy (ETML) from foreign currency (FCY) transactions. The
Union Bank says it will begin to deduct the sum of N50 for all international transactions as electronic transfer levy (ETML) from January 1, 2024. In an email to customers
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