CBN sends warning to all banks on Cybersecurity levy
The Central Bank of Nigeria (CBN) has directed all banks to halt the application of a 0.5% cybersecurity fee following an order from President Bola Ahmed Tinubu to suspend it.
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The Central Bank of Nigeria (CBN) has directed all banks to halt the application of a 0.5% cybersecurity fee following an order from President Bola Ahmed Tinubu to suspend it.
Read MoreNigerians are angry at the Central Bank of Nigeria’s recently implemented 0.5% cybersecurity levy. The Cybercrimes (Prohibition, Prevention, etc.) (Amendment) Act, 2024, requires banks to deduct and remit a 0.5%
Read MoreCNG, or the Coalition of Northern Groups, has voted against the proposed 0.5% cybersecurity fee for all bank transactions. According to the ZINGTIE, all commercial, merchant, non-interest, and payment service
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