Tag : CBN Policy

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Nigerians to pay 0.5% cybersecurity levy on all electronic transactions

Adewale Ojo
From Monday, May 20, 2024, Nigerians will pay a cybersecurity levy for all electronic transactions, according to a directive from the Central Bank of Nigeria. The levy, which will be equivalent to 0.5% of the transaction, will be remitted to the National Cybersecurity Fund. Per the directive, mobile money operators,......