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Business

Progressive shareholders sue Nigerian govt over 0.5% cybersecurity levy

The Progressive Shareholders Association of Nigeria (PSAN) challenged the constitutionality of the 0.5% cybersecurity levy imposed by the Central Bank of Nigeria (CBN) at...

Business

‘Cybercrime Levy Did Not Emanate From CBN’- Cardoso Says After Withdrawing Circular

The Central Bank of Nigeria has denied involvement in the processes that led to enacting the Cybercrimes (Prohibition, Prevention, ETC) (Amendment) Act 2024 which...

Business

Amid outrage, CBN withdraws circular on cybersecurity levy

The Central Bank of Nigeria (CBN) has withdrawn its earlier circular directing banks to implement a controversial 0.5% cybersecurity levy on electronic transactions.The apex...

Business

Tinubu suspends implementation of 0.5% cybersecurity levy

President Bola Tinubu has suspended the implementation of the 0.5 percent cybersecurity levy after criticism trailed the announcement.The Minister of information, Mohammed Idris, confirmed...

Business

KPMG warns Nigerian govt on implementation of cybersecurity levy

KPMG Nigeria has become the latest high-profile organization to kick against the recently introduced cybersecurity levy imposed by the Federal Government.The global Audit, Tax...

Politics

It’s wrong to impose cybersecurity levy on Nigerians without increase in income – Ndume

Chief Whip of the Senate, Ali Ndume has criticised the proposed cybersecurity levy imposed on Nigerians by the Central Bank of Nigeria (CBN).The lawmaker...

Politics

Bwala joins attack train on Peter Obi, slams ex-gov for criticising cybersecurity levy

Former spokesman for the Atiku Abubakar Campaign Council in the 2023 presidential election, Daniel Bwala, has joined those attacking the presidential candidate of the...

News

Cybersecurity Levy: Be Cautious Of ‘Strenuous Policies’ That Affect Purchasing Power, Welfare Of Nigerians – NESG Tells Tinubu

The Nigeria Economic Summit Group (NESG), an association of the private sector, has told the government of President Bola Tinubu to be cautious of...

Politics

Reps direct CBN to withdraw circular on cybersecurity levy, says it’s ambiguous

Members of the House of Representatives, on Thursday, directed the Central Bank of Nigeria (CBN) to withdraw the circular directing financial institutions to commence...

Business

CYBERSECURITY LEVY: Nigerians to pay more for POS transactions; operators kick against CAC registration

Going by directives from the Central Bank of Nigeria (CBN) based on the cybersecurity levy, for PoS operators to register their agents, merchants, and...

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