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Nigeria Suspends Controversial 0.5% Cybersecurity 'E-Levy'

The Central Bank of Nigeria (CBN) has officially rescinded its directive that required banks to implement a contentious 0.5% levy on electronic transactions to fund cybersecurity measures. This decision follows significant public backlash that erupted after the policy was announced two weeks ago, prompting the Federal Government to suspend the… ....

Mohammed Idris , Chibuzo Efobi , Haruna Mustafa , Office Of The National Security Adviser , Central Bank , Regulation Department , Payments System Management Department , National Cybersecurity Fund , Federal Government , National Security Adviser , Information Minister Mohammed Idris , Financial Policy ,

CBN Withdraws Circular On Cybersecurity Levy

The Central Bank of Nigeria (CBN) has withdrawn the circular it issued to all commercial banks on May 6, 2024, directing them to implement a compulsor ....

Chibuzo Efobi , Haruna Mustapha , Central Bank ,

Finally, CBN Makes U-turn, Withdraws Circular On Cybersecurity Levy

The Central Bank of Nigeria (CBN) has withdrawn the circular it issued to all commercial banks on May 6, 2024, directing them to implement a compulsory ....

Chibuzo Efobi , Haruna Mustapha , Central Bank ,

Central Bank of Nigeria withdraws circular on 0.5% cybersecurity levy

Central Bank of Nigeria withdraws circular on 0.5% cybersecurity levy
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United States , Ndubuisi Ekekwe , Chibuzo Efobi , Haruna Mustafa , Central Bank , Payment System Management Department , Financial Policy , Payment System Management , Prof Ndubuisi Ekekwe ,

CBN Withdraws Cybersecurity Levy Circular After FG Suspension

(AFRICAN EXAMINER) - The Central Bank of Nigeria (CBN) has withdrawn its earlier circular directing banks to implement a controversial 0.5% cybersecurity levy on electronic transactions. The decision of the apex bank to withdraw the circular followed the public outrage that trailed the announcement of the policy two weeks ago and the suspension of the ....

Haruna Mustafa , Chibuzo Efobi , Central Bank , National Cybersecurity Fund , Regulation Department , Payments System Management Department , Office Of The National Security Adviser , African Examinerfeatured , Latest Headlines , News Across , Federal Government , National Security Adviser , Information Minister Mohammed Idris , Financial Policy ,