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E-transfer levy

Business

E-transfer levy: Nigerian Bank customers pay N133.89bn in eight months

Nigerian bank customers paid a total of N133.89 billion as electronic money transfer (EMTL) levy to the government between January and August this year. This was revealed in the 2025-2027 Medium Term Expenditure Framework and Fiscal Strategy Paper (MTEF/FSP), which…

NewsDirect
December 5, 2024

Money market

E-transfer levy: Moniepoint, OPay, others to start deducting N50 from Sept 9

Fintech companies including OPay, Moniepoint, and others have started notifying their customers of plans to begin deduction of N50 Electronic Money Transfer Levy (EMTL) from every inflow of N10,000 and above received by their customers starting from September 9. According…

NewsDirect
September 9, 2024