The Central Bank of Nigeria (CBN) has officially rescinded its directive that required banks to implement a contentious 0.5% levy on electronic transactions to fund cybersecurity measures.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…
The Central Bank of Nigeria (CBN) has withdrawn the circular it issued to all commercial banks on May 6, 2024, directing them to implement a compulsory
Central Bank of Nigeria withdraws circular on 0.5% cybersecurity levy tekedia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from tekedia.com Daily Mail and Mail on Sunday newspapers.
(AFRICAN EXAMINER) - The Central Bank of Nigeria (CBN) has withdrawn its earlier circular directing banks to implement a controversial 0.5% cybersecurity levy on electronic transactions.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