New Cybersecurity Levy on Nigerians: See current cost of electronic transfers
ShareShareTweetPin0 SharesThe Central Bank of Nigeria (CBN) recently ordered all banks to start charging a 0.5 percent cybersecurity levy on all electronic transactions within the country, excluding 16 listed banking deals. The levy shall be applied at the point of electronic transfer origination, then deducted and remitted by the financial institution. The deducted amount shall…
