•House of Representatives Members of the House of Representatives today asked the Central Bank of Nigeria (CBN) to withdraw the circular directing financial institutions to commence implementation of the 0.5 per cent cybersecurity levy, describing it as “ambiguous”. The development was in response to a motion on the urgent need to halt and mod...
•Workers protest The Trade Union Congress (TUC) has threatened a massive protest that will shut down the Nigerian economy should the federal government fail to cancel the controversial cybersecurity levy recently introduced by the Central Bank of Nigeria. •TUC President Festus Osifo addressing Nigerian workers The TUC in a statement signed by ...
•Peter Obi and Tinubu The Labour Party (LP) presidential candidate in the 2023 general elections, Peter Obi, has slammed President Bola Tinubu’s government for imposing Cyber-Security Levy on Nigerians despite prevailing economic hardship. The former Governor of Anambra State disclosed this today via a post on his X handle, and wondered when t...
The National Association of Nigerian Students, NANS, has called on President Bola Tinubu to without delay order the reversal of the Cybersecurity Levy recently introduced by the Central Bank of Nigeria, CBN. The association, according to the National President, Comrade Lucky Emonefe, in a chat with our correspondent today, said the introductio...
•Tinubu The Socio-Economic Rights and Accountability Project has issued a warning to the Tinubu-led federal government to reverse the 0.5 per cent cybersecurity levy imposed by the Central Bank of Nigeria. SERAP also threatened to deal in legal action against the government if it failed to reverse the levy within a 48-hour timeframe, reports T...
The Central Bank of Nigeria (CBN) has ordered all banks to start charging a 0.5 percent cybersecurity levy on all electronic transactions within the country, excluding 16 listed banking deals. The levy shall be applied at the point of electronic transfer origination, then deducted and remitted by the financial institution. The deducted amount ...
•CBN Governor Yemi Cardoso The Central Bank of Nigeria (CBN) has directed deposit money banks in the country to start charging 0.5% cybersecurity levy on transactions. This was contained in a circular dated yesterday, Monday May 6, 2024 by the apex bank to all commercial, merchant, non-interest and payment service banks as well as mobile [&hel...
The Frontier is Nigeria’s leading online newspaper. It is published by Okims Media Links Limited headed by Sunny Okim, a veteran journalist who is widely known as The Grandmaster, fondly called so by colleagues and friends for being Nigeria’s pioneer movie journalist.
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