Bank Customers To Begin Payment Of 0.5% Cybersecurity Levy On Electronic Transfer In Two Weeks

Within the next two weeks, bank customers will begin the payment of 0.5 per cent cybersecurity levy on all electronic transfer.

The move is sequel to a directive by the Central Bank of Nigeria (CBN) mandating banks and other financial institutions to implement a 0.5 per cent cybersecurity levy on electronic transfers.

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