0.005% levy
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Nigeria CBN Implements Cybersecurity Levy of 0.005% on Digital Payments
The Central Bank of Nigeria (CBN) has implemented a 0.005% cybersecurity levy on all electronic transactions. The levy, under the 2015 Cybercrime Act, aims to bolster Nigeria’s cybersecurity framework. The revised levy follows public opposition to the previously proposed 0.5%. The funds will...
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