Nigerians Demand Transparent Explanations Amid Upset Over New CBN Cybersecurity Levy

Abdulraheem Muhammed olarewaju A recent Central Bank of Nigeria (CBN) directive has created a stir among Nigerians. The regulation, published on May 6, 2024, requires banks to collect a 0.5% fee on all electronic transactions to finance cybersecurity efforts. The decision, issued by CBN officials Chibuzo Efobi and Haruna Mustafa, covers all commercial banks, mobile […]