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Nigeria Suspends Controversial 0 5% Cybersecurity E-Levy

The Central Bank of Nigeria (CBN) has officially rescinded its directive that required banks to implement a contentious 0.5% levy on electronic transactions to fund cybersecurity measures. This decision follows significant public backlash that erupted after the policy was announced two weeks ago, prompting the Federal Government to suspend the…

Mohammed idrisChibuzo efobiHaruna mustafaOffice of the national security adviserCentral bankRegulation departmentPayments system management departmentNational cybersecurity fundFederal governmentNational security adviserInformation minister mohammed idrisFinancial policy

CBN Withdraws Circular On Cybersecurity Levy

The Central Bank of Nigeria (CBN) has withdrawn the circular it issued to all commercial banks on May 6, 2024, directing them to implement a compulsor

Chibuzo efobiHaruna mustaphaCentral bank

Finally, CBN Makes U-turn, Withdraws Circular On Cybersecurity Levy

The Central Bank of Nigeria (CBN) has withdrawn the circular it issued to all commercial banks on May 6, 2024, directing them to implement a compulsory

Chibuzo efobiHaruna mustaphaCentral bank

Central Bank of Nigeria withdraws circular on 0 5% cybersecurity levy

Central Bank of Nigeria withdraws circular on 0 5% cybersecurity levy
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United statesNdubuisi ekekweChibuzo efobiHaruna mustafaCentral bankPayment system management departmentFinancial policyPayment system managementProf ndubuisi ekekwe

CBN Withdraws Cybersecurity Levy Circular After FG Suspension

(AFRICAN EXAMINER) - The Central Bank of Nigeria (CBN) has withdrawn its earlier circular directing banks to implement a controversial 0.5% cybersecurity levy on electronic transactions. The decision of the apex bank to withdraw the circular followed the public outrage that trailed the announcement of the policy two weeks ago and the suspension of the

Haruna mustafaChibuzo efobiCentral bankNational cybersecurity fundRegulation departmentPayments system management departmentOffice of the national security adviserAfrican examinerfeaturedLatest headlinesNews acrossFederal governmentNational security adviserInformation minister mohammed idrisFinancial policy

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