Reps Suspends Move To Stop CBN’s Cybersecurity Levy

Reps Drop Idea Of Stopping CBN's Cybersecurity Levy

The House of Representatives has opted against proceeding with the proposal to suspend the cybersecurity levy. Naija News reported that CBN had issued a new directive to all financial institutions, including commercial, merchant, non-interest banks, payment service banks, and mobile money operators, mandating the implementation of a 0.5% cybersecurity levy on all electronic transactions. This move is […]

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