Proposed US tax on remittances threatens Nigeria’s FX inflows, may spur black-market channels

Tribune Online
Proposed US tax on remittances threatens Nigeria’s FX inflows, may spur black-market channels

A proposed tax on remittances from the United States has sparked concerns in Nigeria, as experts warned that the measure could significantly reduce foreign exchange (FX) inflows and push transactions into black-market channels. US lawmakers are currently considering a bill that would impose a 5 percent tax on all remittances sent by US residents to […]

Proposed US tax on remittances threatens Nigeria’s FX inflows, may spur black-market channels
Tribune Online