In furtherance of the need to expand diaspora remittance inflow into the country, First Bank of Nigeria Limited has increased its network of International Money Transfer Operators (IMTOs), targeted at easing the accessibility of its customers to receive money from close to 100 countries across the world in a safe[Read More…]
Tag: remittance
Senate probes alleged CBN Non-Remittance of N20 trillion Stamp Duty
The Senate is investigating alleged failure by the Central Bank of Nigeria, CBN, to remit stamp duty of over N20 trillion into the Federation Account. Chairman, Senate Committee on Banking, Insurance and Other Financial Institutions, Senator Uba Sani, All Progressives Congress, APC, Kaduna Central, who disclosed this, however, warned against[Read More…]
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FG Revenue Rises 76% to N12.5tn, Fueled by Tax and Oil Gains — Budget Office
The Federal Government’s earnings have increased by 76 percent, rising from N7.1 trillion in 2022 to N12.5 trillion in 2023, due to higher taxes and oil revenues. This information was revealed in the recently released 2025-2027 Medium Term Expenditure Framework and Fiscal Strategy Paper from the Ministry of Budget and[Read More…]