Nigeria’s Central Bank Introduces 0.005% Cybersecurity Levy on All Electronic Transactions

The Central Bank of Nigeria (CBN) has reaffirmed its commitment to strengthening the country’s cybersecurity infrastructure by enforcing a 0.005% levy on all electronic transactions conducted by banks and financial institutions. This levy, mandated by the Cybercrime (Prohibition, Prevention, etc.) Act, 2015, aims to boost Nigeria’s defenses against the growing threat of cybercrime. This latest [...]The post Nigeria’s Central Bank Introduces 0.005% Cybersecurity Levy on All Electronic Transactions appeared first on Tekedia.

Read More