Tag: CBN orders banks to stop implementation of Cybersecurity levy

  Central Bank of Nigeria, CBN, has asked all banks to stop the implementation of a 0.5 per cent cybersecurity levy after President Bola Ahmed Tinubu’s directive on its suspension. The withdrawal was disclosed in a notice dated May 17, 2024, signed by Chibuzo Efobi, CBN’s director of Payment System Management, and Haruna Mustapha, the…