CBN Withdraws 0.5% Cybersecurity Levy
The Central Bank of Nigeria (CBN) has retracted its directive for banks and payment service providers to collect and remit the proposed 0.5% cybersecurity levy outlined in the Cybercrime Prevention and Prohibition Amendment Act of 2024. This decision was communicated through a revised circular dated May 17, which the CBN released on Monday, 20th May,…
