Monthly Archives: May 2024

CBN Releases Full List of Exemptions from 0.5% Cybersecurity Levy

The Central Bank of Nigeria has instructed banks to implement a cybersecurity levy on transactions, with exemptions outlined in a recent circular. The levy, aimed at enhancing cybersecurity measures, will commence two weeks from the circular’s date. Commercial, merchant, non-interest, and payment service banks are among those directed to comply …

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