Senior lawyer Femi Falana, SAN, has said that the recently imposed 0.5 per cent cybersecurity levy is not meant for individuals. Falana made this known in a statement on Thursday, saying the circular of the Central Bank of Nigeria, CBN, wrongly interpreted the provisions of the Cybercrime (Prohibition, Prevention, etc.) Amendment Act 2024. “The CBN […]
Reps decide not to continue with proposal to stop CBN’s cybersecurity levy
The House of Representatives has decided not to continue with a proposal to suspend the cybersecurity levy. The cybersecurity levy, a new policy recently announced by the Central Bank of Nigeria, CBN, has elicited criticism from Nigerians. A lawmaker, Manu Soro, raised a concern during Wednesday’s session, pointing out that the proposed levy is ill-timed […]
Cybersecurity levy: Why Nigerian govt should suspend 0.5% charge on electronic transactions – CPPE
The Centre for the Promotion of Private Enterprise, CPPE, has asked the Nigerian government to suspend its 0.5 per cent cybersecurity levy on all electronic transactions in the country’s banking sector. CPPE director Dr Muda Yusuf disclosed this in a statement condemning the levy. The Central Bank of Nigeria on Monday mandated all banks and […]
‘Let the poor breathe’ – Seyi Law tackles Tinubu over cybersecurity levy
Nigerian comedian, Oluwaseyitan Aletile, also known as Seyi Law, has fumed over the 0.5 per cent cybersecurity levy recently introduced by the Central Bank of Nigeria, CBN. DAILY POST reported that the apex bank on Monday directed banks operating in the country to start charging a cybersecurity levy on transactions. Reacting, Seyi Law said the […]
Cyberattacks: The banana peels on Nigeria’s road to technological progress, By Shuaib S. Agaka
Combating this problem requires comprehensive policy frameworks that align with international cybersecurity standards. Frameworks that will serve as guiding principles for both public and private entities, fostering a unified approach to cybersecurity should be enhanced. Nigeria’s technological landscape has always been advancing but its vulnerability to cyber attacks is becoming alarming and thus limiting the […]