Seyi Law tackles Tinubu over cybersecurity levy

05/07/2024 4

Nigerian comedian, Oluwaseyitan Aletile, also known as Seyi Law, has fumed over the 0.5 percent cybersecurity levy recently introduced by the Central Bank of Nigeria, CBN.
Recall that, the apex bank on Monday directed banks operating in the country to start charging cybersecurity levy on transactions.
But reacting to the order, Seyi Law criticised the new CBN policy saying it is unacceptable.
He asked the President to allow the masses “breathe,” querying when the new minimum wage would be announced and implemented.
Seyi Law said some ministers are not doing their jobs well, stressing that one year into the administration and there is nothing much on ground.

Written by: bossgmsi

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For cash pooling settlement, CBN clarifies education and gasoline tax.

Central Bank of Nigeria has provided additional clarifications on the circular concerning the cash pooling of repatriated oil and gas export proceeds by international oil companies. This announcement was made by the Director of the Trade and Exchange Department, Hassan Mahmud on Tuesday The apex bank specified the expenses that can be settled from 50 per cent of the repatriated fund, which includes petroleum tax, royalty, domestic contractor invoices, cash […]

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