Central Bank of Nigeria Reintroduces Controversial Cybersecurity Levy on Electronic Transactions
Central Bank of Nigeria Reintroduces Controversial Cybersecurity Levy on Electronic Transactions
The Central Bank of Nigeria (CBN), the cybersecurity levy on electronic transactions has been revised from 0.5 per cent to a mere 0.005 per cent as part of the new fiscal guidelines for 2024-2025. This decision follows the earlier backlash and suspension of the levy by President Bola Tinubu in May 2024. The new levy, mandated by the Cybercrime…
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