Tag: Cybersecurity levy

CBN Orders Banks to Halt 0.5% Cybersecurity Charges The Central Bank of Nigeria (CBN) has directed banks and other financial institutions to stop the implementation of 0.5 percent cybersecurity charges on electronic transactions. This was disclosed in a circular to all commercial, merchant, non-interest, payment service...

He noted that the relevant section of the Cybercrime Act is very clear about the businesses that are required to pay the levy, not the citizens.

Defer Cybersecurity Levy, NESG Urges CBN The Nigerian Economic Summit Group (NESG) has called on the Central Bank of Nigeria (CBN) to defer the newly announced 0.5% cybersecurity levy on all electronic transactions value as specified in the Cybercrime Act. NESG said this has become necessary...

Daniel Bwala, the former spokesman for the defunct Atiku-Okowa Presidential Campaign Council, has stated that Nigerians need to adjust to the current economic realities in the country.  

Festus Osifo, the President of the Trade Union Congress of Nigeria (TUC), has rejected the cybersecurity levy (CSL) imposed on Nigerians by the federal government. 

The Nigeria Labour Congress (NLC) has described the planned cybersecurity levy introduced by the Central Bank of Nigeria (CBN) on all electronic transactions has been described as another burden on Nigerians.