The Federal Government has begun implementing a N50 Electronic Money Transfer Levy (EMTL) on transactions of N10,000 and above, targeting users of financial technology platforms such as Opay, Moniepoint, and Kuda. The levy, introduced under the Finance Act 2020, applies as a one-time charge on recipients of electronic transfers above the stated threshold. Initially announced … Continue reading FG Implements N50 Levy On Fintech Transactions Amid Public Outcry