TUC rejects cybersecurity levy, threatens shutdown

The Trade Union Congress of Nigeria (TUC) has threatened a shutdown of the country’s economy over the planned implementation of the 0.5 percent cybersecurity levy on electronic transactions.

The Central Bank of Nigeria (CBN) had recently directed banks to implement the 0.5 percent cybersecurity levy on electronic transactions from May 20.

The apex bank said the directive followed the enactment of the Cybercrime (Prohibition, Prevention, etc) (Amendment) Act 2024.

RipplesNigeria : Read More