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Banks To Begin Deduction Of Cybersecurity Levy

CBN Directs Banks, Other Financial Institutions To Implement National Cybersecurity Levy On Electronic Transactions

May 6, (THEWILL) - Following the enactment of the Cybercrime (Prohibition, Prevention, etc) (Amendment) Act 2024 and pursuant to the provision of Section 44 (2)(a) of the Act, the Central Bank of Nigeria (CBN) has directed all banks, as well as other financial institutions and payments service providers in the country, to collect and remit

Nigeria
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Regulation-department
National-cybersecurity-levy
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Payments-service-providers
Development-finance-institutions

NDIC jerks deposit insurance cover for banks to N5m, MFBs N2m

NDIC jerks deposit insurance cover for banks to N5m, MFBs N2m
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Nigeria's Deposit Insurance Funds Currently Over N2 Trillion – NDIC – The News Chronicle

Nigeria's Deposit Insurance Funds Currently Over N2 Trillion – NDIC – The News Chronicle
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Chief-executive
Deposit-money-banks

Amid Inflation, Naira Depreciation, Others, NDIC Reviews Deposits Coverage for Financial Institutions

Amid Inflation, Naira Depreciation, Others, NDIC Reviews Deposits Coverage for Financial Institutions
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