CBN to now charge cybercrime levy at 0.005%
The Central Bank of Nigeria (CBN) has confirmed the enforcement of the controversial cybercrime levy at 0.005 percent on all electronic transactions under its new guidelines for the 2024-2025 fiscal year. The Apex Bank disclosed this in its recently released Monetary, Credit, Foreign Trade, and Exchange Policy Guidelines for Fiscal Years 2024-2025. The development comes after the levy was purportedly suspended following the debate it sparked among Nigerians. The Cybercrime […]
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