On the 6th of May, the Central Bank of Nigeria (CBN) issued a circular to implement cybersecurity levy on electronic transactions. The cybersecurity levy involves a deduction of 0.5% (half a percent) from the value of all electronic transactions.

To promote transparency and curb fraudulent activities, the Corporate Affairs Commission (CAC) of Nigeria has mandated all Point of Sale (PoS) agents to register their businesses on or before the 7th of July 2024…

In a significant move to improve national cybersecurity, the Central Bank of Nigeria (CBN) has announced the implementation of a new cybersecurity levy, as detailed in the recent circular following the enactment of the Cybercrime (Prohibition, Prevention, etc.) (Amendment) Act 2024, an amendment of the Cybercrime (Prohibition, Prevention, etc.) Act of 2015…