Millions of Nigerians receive debit alerts as Buhari’s government begins implementation of Electronic Transfer Levy


The Nigerian government has begun the implementation of the Electronic Transfer Levy,

Recall that Minister of Finance, Budget and National Planning, Zainab Ahmed in August 2022, signed the regulation pursuant to Section 89A(3) of the Stamp Duties Act Cap. S8, Laws of the Federation of Nigeria, 2004 as amended by the Finance Act of 2021.

The regulation provides guidance for the imposition, administration, collection and remittance of the Electronic Money Transfer Levy contained in the 2020 Finance Act

The N50 levy is charged on electronic transfer of money deposited in any bank or financial institution, on any account, on the sum of N10,000.00 or more.

The revenue derived from the EMT levy is shared based on derivation and distributed at 15% to the Federal Government and Federal Capital Territory, 50% to the state governments, and 35% to the 774 local governments.

For any equivalent of receipts carried out in other currencies, the levy will be charged at the exchange rates determined by the Central Bank of Nigeria (CBN)




Today's Booking Codes

Athletic Bilbao(1.78) - Osasuna(5.87)

Draw: 3.71

Ov 2.5 @ 2.04
Booking Code ☞ 788668

Highest scoring half(2H) @ 2.17
Booking Code ☞ 788669

Un 8.5 corners @ 2.08
Booking Code ☞ 788670


Today's Booking Codes

Booking Code ➺ 788671 @ 3.28

Booking Code ➺ 788672 @ 3.19

All Bet Odds exclusive to Naijabet