The purpose of Cybersecurity levy
The Presidency yesterday said the cybersecurity levy was introduced to tackle cybercrimes and terrorism. It said the nation lost over N273billion (approximately $762million) to cybercrime alone in 2022. It also…
SERAP gives FG 48-hr ultimatum to reverse CBN’s 0.5% cybersecurity levy
The Socio-Economic Rights and Accountability Project has issued a warning to the Federal Government to reverse the 0.5 per cent cybersecurity levy imposed by the Central Bank of Nigeria.…
FG set to ban naira from all crypto trading platforms
The Federal Government, through the Securities and Exchange Commission, is set to delist the naira from all peer-to-peer crypto platforms as the government steps up efforts to tackle exchange rate…
List of those exempted from CBN’s 0.5% cybersecurity levy
The Central Bank of Nigeria has ordered banks operating in the country to start charging a cybersecurity levy on transactions. A circular from the apex bank on Monday, May 6…
BREAKING: Banks to charge Nigerians for cybersecurity on every transaction
Amid the ongoing hardship ravaging Nigeria, deposit money banks in the country will now start charging 0.5% cybersecurity levy on transactions. This was contained in a circular dated May 6,…
Customers in state of panic as CBN bans Opay, Palmpay, others’ new accounts
Some bank customers have expressed panic as the Central Bank of Nigeria (CBN) bans mobile money operators including fintech firms from onboarding new customers. However, the Bank Customers Association of…
FAAN reopens Lagos airport runway after Dana Air incident
The Federal Airports Authority of Nigeria has announced the reopening of Runway 18L/36R at Murtala Muhammed Airport in Lagos, following a temporary closure caused by a Dana Air plane skidding…
Binance chief, others charged with money laundering
The Federal High Court in Abuja has scheduled the arraignment of Binance Holdings Limited and two of its officials – Tigran Gambaryan and Nadeem Anjarwalla – for tomorrow. The firm,…
CBN clears all $7b forex backlog
The Central Bank of Nigeria (CBN) has cleared all $7 billion foreign exchange (forex) backlog inherited by Governor Yemi Cardoso. In a statement yesterday, Acting Director of Corporate Communications, Central…
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Foreign investors pump $823m into forex market
Foreign investors have committed $822.6 million into the economy through the Nigerian Autonomous Foreign Exchange Market (NAFEM) window. The NAFEM is the market trading segment for investors, exporters and end-users…
