The addition of the cybersecurity levy adds more layer to an already complex fee structure. This could lead to a decline in the use of digital...
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The House's resolution followed a motion on the floor of the chamber that was brought forth by the Minority Leader of the House, Kingsley Chinda, along...
According to Mohammed Idris, Minister of Information and National Orientation, President Tinubu issued the suspension order after the Federal Executive Council (FEC) members deliberated.
Remember that all electronic bank transactions must include a deduction for the cybersecurity levy. However, Nigerians harshly criticized the policy.
The Central Bank of Nigeria (CBN) has been sued by the Socio-Economic Rights and Accountability Project (SERAP), BudgIT, and 136 other concerned Nigerians "for its failure...
The introduction of a cybersecurity levy could potentially impact the country's economy, as businesses may pass on the additional costs to consumers, or may face increased...
Prior to this, the Central Bank ordered all banks to impose a 0.5% cybersecurity fee on all domestic electronic transactions beginning two weeks on May 6.
Remember that banks in the nation were ordered to impose a 0.5 percent cybersecurity charge on electronic transactions by the Central Bank of Nigeria (CBN).
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In September 2024, the Federal Government raised the cost of a standard 32-page passport from ₦35,000 to ₦50,000, while the...
The impact of these reforms is evident in the nation's economic indicators. According to the World Bank, Nigeria's economy grew...
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