Tinubu suspends 0.5% cybersecurity levy President Bola Tinubu has ordered the suspension of the 0.5 per cent cybersecurity levy. Mohammed Idris, minister of information and national orientation, announced the suspension after the federal executive council (FEC) meeting on Tuesday. Idris said Tinubu directed the Central Bank of Nigeria[Read More…]
Tinubu orders suspension of Cybersecurity levy President Bola Tinubu has told the Central Bank of Nigeria (CBN) to suspend the implementation of the cybersecurity levy policy. This comes after the policy was greeted with widespread condemnation. According to the Act, a levy amounting to 0.5 per cent of[Read More…]
CBN directs banks to charge 0.5% cybersecurity levy The Central Bank of Nigeria (CBN) has directed banks and other financial institutions to implement a 0.5 percent cybersecurity levy on transactions. This is contained in a circular signed by Chibuzor Efobi, director of payments system management and Haruna Mustafa, director of[Read More…]
