Moniepoint, OPay, Others to Start Deducting N50 EMTL from September 9, 2024
On September 9, 2024, financial service providers such as Moniepoint, OPay, and other fintech companies operating in Nigeria are scheduled to begin the deduction of a ₦50 Electronic Money Transfer Levy (EMTL) on electronic transactions. This announcement has stirred up discussions among users of these services and the broader Nigerian population. This development follows government…