CBN confirms implementation of controversial 0.005 Cybersecurity levy on transactions …C0NTINUE READING HERE >>>
The Central Bank of Nigeria, CBN, has confirmed the enforcement of the controversial cybercrime levy at 0.005 percent on all electronic transactions under its new guidelines for the 2024-2025 fiscal year.
Apex Bank disclosed this in its recently released Monetary, Credit, Foreign Trade, and Exchange Policy Guidelines for Fiscal Years 2024-2025.
The development comes after the levy was purportedly suspended after it sparked debate among Nigerians.
The Cybercrime (Prohibition, Prevention,…
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