
BREAKING: FG Orders Opay, Moniepoint, others to Charge 50 Naira E-Transfer Levy
The Federal Government of Nigeria has introduced a mandatory N50 Electronic Money Transfer Levy (EMTL) on fintech platforms, including Opay and Moniepoint for transactions of ₦10,000 and above. This new levy, implemented under the Finance Act 2020, had previously only applied to