FG Begins N50 Levy Deduction on Transactions Over N10,000 via Fintech Platforms
The Federal Government of Nigeria has commenced the deduction of a N50 levy on electronic money transfers of ₦10,000 and above conducted via financial technology (fintech) platforms, including Opay, Moniepoint, Kuda, and others. This levy, known as the Electronic Money Transfer Levy (EMTL),