Moniepoint Microfinance Bank has revealed that 42 per cent of Nigeria’s small businesses cannot survive for a month without income, according to findings from the second edition of its Informal Economy Report. In a statement yesterday, the bank said the report highlighted the fragile financial position of small businesses that employ a large s...
The federal government has commenced N50 electronic levy deductions from transactions of N10,000 and above made by users of financial technology (Fintech) companies, including Opay, Moniepoint, Kuda, and others. The levy, called Electronic Money Transfer Levy (EMTL), introduced under the Finance Act 2020, places a singular and one-off levy of ...
The federal government has imposed a deduction of N50 Electronic Money Transfer Levy (EMTL) from every inflow of N10,000 and above received by customers of Fintech companies, including Opay, Moniepoint, and others. In a notice to its customers yesterday, the online payment platform stated that the charges in line with the Federal Inland Revenu...
The Frontier is Nigeria’s leading online newspaper. It is published by Okims Media Links Limited headed by Sunny Okim, a veteran journalist who is widely known as The Grandmaster, fondly called so by colleagues and friends for being Nigeria’s pioneer movie journalist.
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