What You Need To Know About The New 0.5% Cyber Security Levy -

What You Need To Know About The New 0.5% Cyber Security Levy

Listen now

Description

In a significant move to bolster national cybersecurity, the Central Bank of Nigeria (CBN) has issued a directive to all banks and financial institutions to implement a cybersecurity levy on banking transactions.This new levy, set at 0.5% of the value of electronic transactions was in response to the escalating concerns over cyber threats and follows the guidelines of the recently amended Cybercrime (Prevention and Prohibition) Act.Join us on today's episode of the podcast to find out more.

More Episodes

See all »

What Happens When You Stay In A Dirty Environment

Many Nigerians are so used to seeing dirty environments and perceiving their smell that they are no longer conscious of the filth and stench that interact in.What is the possible impact of living in such condition?As the National Environmental Sanitation Day is being celebrated today, June 28,...

Published 06/28/24

Nigeria Daily

Published 06/28/24

Are Traditional Rulers Losing Their Influence In Nigeria?

For centuries, traditional rulers in Nigeria, especially in the North, have been wielding significant influence over their communities. They are not only seen as custodians of culture and tradition, but also as key players in governance and societal development. However, in recent times, their...

Published 06/27/24