Cybersecurity Levy News Today

What is worse than Tinubu paying N90bn on the hajj this year is that he has to pay it next year, and the year after.

The Nation Newspaper Central Bank withdraws Cybersecurity Levy circular

Last week, I watched members of the House of Representatives bitterly complaining about the contents of the Cybercrimes Act, which they had themselves passed into law this year. They angrily directed the Central Bank of Nigeria to withdraw the circular directing all banks to commence charging a 0.5 per cent…

In Nigeria, the tradition seems to be to abuse the powers of the legislature for pecuniary gain. This is unfortunate.

Nigeria has introduced three taxes in 2024 with two proving quite unpopular. The first tax it introduced was the Expatriate Employment Levy (EEL), which

The CBN on Monday directed all banks to commence charging a 0.5 per cent cybersecurity levy on all electronic transactions within the country.

The levy shall be applied at the point of electronic transfer origination, then deducted and remitted by the financial institution.

In a significant move, the Central Bank of Nigeria (CBN) has issued a directive for all banks to implement a 0.5% cybersecurity levy on all electronic

The Central Bank of Nigeria, CBN, has directed 0.005 percent Cybersecurity Levy deductions on electronic transfers. A circular issued by the CBN, Monday, directed the deductions would become effective from the next two weeks. The circular, issued by the Director of Payment Services, Uzoma Efobi, was addressed to all banks and payments services operators in

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