Tag: Cybersecurity Levy
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CBN bows to pressure, withdraws cybersecurity levy circular
Nigeria’s apex bank, the Central Bank of Nigeria (CBN) has withdrawn its earlier circular directing banks to implement a controversial 0.5% cybersecurity levy on electronic transactions.
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From Rehoboam syndrome to cybersecurity tax – By Okoh Aihe
There is always something new to talk about in this part of the world. If it is not fuel queues which remain stubborn irrespective of the removal of subsidy about eleven months ago, it’s about the increase of tariff on electricity, a product that is hardly available in the market or even the soaring cost…
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BREAKING: Its official! Tinubu suspends 0.5% cybersecurity levy
President Bola Tinubu has officially directed that Central Bank of Nigeria (CBN) to suspend implementation of the 0.5 percent cybersecurity levy, following backlash and opposition by the public after its announcement.
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Bad law, needless levy – By Dakuku Peterside
A few weeks ago, Nigerians were startled by a legislation that had largely escaped public awareness. This legislation, which has since undergone substantial amendment carries profound implications for the financial health of every Nigerian, sparking widespread controversy.
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Cybersecurity levy: TUC kicks, threatens shutdown
The Trade Union Congress of Nigeria (TUC) has threatened a shut down of the economy over the plan to begin implementation of the 0.5 per cent cyber security levy on electronic transactions. The body urged the Federal Government to direct the Central Bank of Nigeria (
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SERAP gives Tinubu 48 hours to withdraw cybersecurity levy
Socio-Economic Rights and Accountability Project (SERAP) has urged President Bola Tinubu to use his “good offices to immediately direct the Central Bank of Nigeria (CBN) to withdraw the cybersecurity levy on Nigerians as it patently violates the provisions of the Nigerian Constitution 1999 [as amended] and the country’s international human rights obligations and commitments.”