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HomeNewsBanks will start deducting cybersecurity levies on electronic...

Banks will start deducting cybersecurity levies on electronic transactions

Date:

The apex bank announced this on Monday, May 6, 2024, in a circular signed by Chibuzor Efobi, Director of Payments System Management, and Haruna Mustafa, Director of Financial Policy and Regulation.

The circular, which was directed to all commercial, merchant, non-interest, and payment service banks stated that the implementation of the levy would start in two weeks.

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