20
May
May
CBN Withdraws Cybersecurity Levy Circular After FG Suspension
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admin / 11 months
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- 1 min read
The Central Bank of Nigeria (CBN) has rescinded its directive for banks to implement a contentious 0.5% cybersecurity levy on electronic transactions. This decision comes in response to widespread public backlash and the subsequent suspension of the levy by the Federal Government. The initial circular, issued on May 6, 2024, instructed all deposit money banks, […]