The Central Bank of Nigeria (CBN) has reaffirmed its stance on enforcing the controversial 0.005% cybercrime levy on electronic transactions as outlined in its recently released 2024-2025 fiscal policy guidelines. This means that banks and other financial institutions would be required to deduct the 0.005% levy from all electronic transactions. According to the regulatory body, … Continue reading CBN to Maintain 0.005% Cybercrime Levy on Electronic Transactions Amid Controversy