Kindly share this postThe Nigerian federal government announced that the Electronic Money Transfer Levy (EMTL) generated $49.5 million in revenue, with fintech companies contributing $18 million. This ...

It charges $0.03 (N50) for electronic transactions of $6.19 (N10,000) or more made through banks and financial institutions.This tax seeks to capitalise on the increasing expansion of electronic ...

FG has made N79.93bN from the Electronic Money Transfer Levy (EMTL) since it was implemented by fintech companies like Opay, ...