Nigeria Suspends Controversial Cybersecurity Levy After Public Backlash

Nigeria Suspends Controversial Cybersecurity Levy After Public Backlash

The Central Bank of Nigeria has officially withdrawn its circular mandating a 0.5% cybersecurity levy on electronic transactions following President’s order for further review. This decision comes after significant public backlash against the levy, which many argued would impose additional costs on businesses. We discuss the potential impact of…

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