Tinubu Embargoes Cybersecurity Levy Implementation

. Build up to suspension of CBN’s order to banks to charge 0.5% on all electronic transactions in the country         President Bola Tinubu has asked the Central Bank of Nigeria to suspend the implementation of the controversial cybersecurity levy policy and ordered a review. This followed the decision of the House of Representatives, which, last Thursday, asked the CBN to withdraw its circular directing all banks to commence charging a 0.5 per cent cybersecurity levy on all electronic transactions in the country. The CBN on May…

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