BREAKING NEWS ! Federal Government Orders Immediate N50 Deduction on Electronic Money Transfers
The Federal Government has directed all banks, fintechs including Palmpay, Moniepoint, Opay and Other financial Services to Start Deducting N50 from all money transfers effective today, December 1, 2024. Fintech companies 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 […]
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