CBN Plans To Enforce Reduced Cybersecurity Levy

The Central Bank of Nigeria (CBN) has announced plans to reintroduce and enforce a controversial Cybersecurity Levy on electronic transactions. This decision was revealed in the CBN’s Monetary, Credit, Foreign Trade, and Exchange Policy Guidelines for Fiscal Years 2024-2025, which was released on Tuesday. According to the document, the previously announced levy of 0.5% has … Continue reading CBN Plans To Enforce Reduced Cybersecurity Levy