The Central Bank of Nigeria has listed 16 banking transactions exempted from the cybersecurity levy. CBN in a circular on Monday, May 6, 2024, directed banks to implement a 0.5% cybersecurity levy on transactions after two weeks. According to the circular signed by the Director, Payments System Management Department, Chibuzo Efobi and the Director,…
According to the circular signed by the Director, Payments System Management Department, Chibuzo Efobi and the Director, Financial Policy and Regulation Department, Haruna Mustafa, 16 banking transactions are exempted from the levy. Educational institutions’ transactions, including tuition payments and other transactions involving schools, universities, or other educational institutions.
It stated that the deducted amount shall be reflected in the customer’s account with the narration: “Cybersecurity Levy”.Before flagging, please keep in mind that Disqus does not moderate communities. Your username will be shown to the moderator, so you should only flag this comment for one of the reasons listed above.
The Organised Labour says there is no moral justification for the Federal Government to stop the payment of monthly N35,000 wage award to workers. The President of Association of Senior Civil Servant of Nigeria , Etim Okon, said this in an interview with the News Agency of Nigeria on Tuesday in Abuja. Okon who…There are indications that Microsoft African Development Centre may shut down its West Africa operation, located in Lagos, Nigeria.
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