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OPay

Understanding What Tax Reform Bills Means for Nigerians- Experts

N50 Transfer Levy: Another Form of Double Taxation As Government Set To Make Over N1bn daily

What is the Transfer Levy? Starting September 9, 2024, fintech companies in Nigeria such as OPay, Moniepoint, and others will begin deducting the N50 Electronic Money Transfer Levy (EMTL) from customer inflows of N10,000 and above. This new policy follows a directive

September 9, 2024

Business·News

Opay To Charge N50 Levy On Transfers Of N10,000, Above From September 9

Opay, a leading fintech company in Nigeria, will begin charging customers a N50 levy on electronic transfers of N10,000 or more from September 9, 2024. This move complies with the Federal Inland Revenue Service (FIRS) regulations. The company shared this update with

September 8, 2024

Business·News

Carbon Shuts Down Debit Card Operations In Nigeria

Nigerian fintech company, Carbon, has decided to end its debit card operations in Nigeria, just two years after launching the service. This decision was announced by Carbon’s co-founder and CEO, Ngozi Dozie, on Wednesday via a Substack post. The post indicated that

June 20, 2024

Business·News

Nigerians Panic As CBN Ban Opay, Moniepoint, Others Over KYC Concerns

The Central Bank of Nigeria (CBN) has directed mobile money operators and fintech firms to suspend onboarding new customers due to concerns over their Know-Your-Customer (KYC) processes. The move, which affects companies like OPay, Palmpay, Kuda Bank, and Moniepoint, is part of

April 30, 2024

Business

OPay Set To Block Accounts With KYC Problem From March

OPay, one of Nigerian fintech company, has declared a major security overhaul set to commence on March 1, 2024.

January 24, 2024

News

Data Breaches: Meta, DHL, Opay Risk Sanctions As Nigerian Govt Opens Probe

The Nigerian government has begun probes into the activities of Meta (the parent company of Facebook), a haulage company, DHL, and online payment platform Opay for alleged breaches of users’ data. If found culpable, the companies would forfeit two per cent of

October 5, 2023

Business·News·Technology

Top 10 Nigerian Tech Startups In 2023

Nigeria’s tech startup ecosystem has continued to surge ahead, with innovation at its peak in 2023. The country’s young and tech-savvy population, combined with a growing entrepreneurial spirit, has propelled Nigerian startups into the global spotlight. In 2023, these startups are not

September 9, 2023

News

How to Delete Your OPay Account

If you’ve found yourself wondering how to part ways with your OPay account, you’ve landed on the right page. However, before we dive into the process, let’s pause for a moment. While we’ll provide a step-by-step guide on deleting your account, we

September 7, 2023

Why Foreign Investments In Nigerian Startups Dropped By 65%

Business·FEATURES·Insights

2 Nigerian Startups Make Africa’s Top 5 Most Valuable Startup List

As of January 2023, there are 1,428 unicorns – startups worth over $1 billion – in the world according to data obtained from Crunchbase. Africa accounts for 0.4 per cent of the total global unicorns, with seven startups representing the continent, while

January 9, 2023

Business·Markets

Top 10 Fintech Firms In Nigeria 2022

FinTech companies, short for financial technology companies, deploy new technological trends to facilitate financial services delivery. Just like the manual banking we are used to, FinTech is about using modern digital technology to develop, transform and integrate businesses for consumers. Nowadays, FinTech

December 31, 2022

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OPay

N50 Transfer Levy: Another Form of Double Taxation As Government Set To Make Over N1bn daily

Opay To Charge N50 Levy On Transfers Of N10,000, Above From September 9

Carbon Shuts Down Debit Card Operations In Nigeria

Nigerians Panic As CBN Ban Opay, Moniepoint, Others Over KYC Concerns

OPay Set To Block Accounts With KYC Problem From March

Data Breaches: Meta, DHL, Opay Risk Sanctions As Nigerian Govt Opens Probe

Top 10 Nigerian Tech Startups In 2023

How to Delete Your OPay Account

2 Nigerian Startups Make Africa’s Top 5 Most Valuable Startup List

Top 10 Fintech Firms In Nigeria 2022

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