CBN directs banks to deduct from customers' e-transfers to fund cybersecurity centre

The Central Bank of Nigeria (CBN) has directed banks in the country to implement a 0.5 percent cybersecurity levy on electronic transfers. In a circular signed by Chibuzor Efobi, Director of Payments System Management, and Haruna Mustafa, Director of Financial Policy and Regulation, the apex bank disclosed that the implementation of…

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