In May, the CPI, which measures the rate of change in prices of goods and services, rose to 22.41 percent up from 22.22 percent in the previous month.
The president also signed the customs excise tariff amendment order to move its effective date from March 27, 2023, to August 1, 2023, in adherence to the 90-day advanced notice requirement outlined in the 2017 national tax policy. According to FATF, jurisdictions under increased monitoring are actively working with it to address strategic deficiencies in their regimes to counter money laundering, terrorist financing, and proliferation financing.The federal government has asked point-of-sale operators to desist from attempts to increase transaction fees, warning of serious consequences and sanctions.