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N50k for N10m: Details as CBN orders banks charge 0.5% cybersecurity levy on all transactions

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The Central Bank of Nigeria (CBN), on Monday, ordered banks operating in the country to start charging a cybersecurity levy on transactions. A circular from the apex bank on disclosed that the implementation of the levy would start two weeks from today. Under the new directive, senders now bear the following costs: ₦5 on ₦1,000 […]

The post N50k for N10m: Details as CBN orders banks charge 0.5% cybersecurity levy on all transactions first appeared on Business Hallmark.

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