Nigeria’s Contested Cybersecurity Levy
On May 6, 2024, the Central Bank of Nigeria (CBN) sent ripples through the nation’s financial sector, imposing a 0.5 per cent cybersecurity levy on all electronic transactions. This decision came days after the National Security Adviser, Nuhu Ribadu, called for the full implementation of Cybercrime (Prohibition, Prevention, etc.) Act 2024, amended. This move, intending […]
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