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Federal revenue from the electronic money transfer levy hit about N360.29 billion between January and October 2025, more than doubling the comparable 2024 figure, according to an internal FIRS document cited by Punch. The year-on-year jump suggests increased taxable transfer volumes and/or stronger compliance, with the report noting monthly gains across the period. The data adds another angle to ongoing debates about the balance between broadening non-oil revenue and the public sensitivity around transaction-related taxes. Source: Punch, December 7, 2025.
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