The Central Bank of Nigeria (CBN) has not reinstated the cybersecurity levy that was previously suspended. The CBN had suspended the enactment of the cybersecurity levy following a decision by the Federal Executive Council (FEC). In…
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President Bola Tinubu has instructed the Central Bank of Nigeria (CBN) to suspend the implementation of the 0.5 per cent cybersecurity levy in response to public backlash and opposition following its announcement. Minister of…
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Socio-Economic Rights and Accountability Project (SERAP), BudgIT, and 136 concerned Nigerians have filed a lawsuit against the Central Bank of Nigeria (CBN) “over its failure to withdraw the patently unlawful ‘Circular’ directing all banks…
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The Central Bank of Nigeria (CBN) has exempted 16 items from the 0.5 per cent Cybersecurity levy on all electronic transactions. SolaceBase had reported that CBN directed banks to begin charging 0.5% cybersecurity levy on transactions…
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