NIGERIA’S CYBERSECURITY LEVY: LEGALITY AND IMPLICATIONS

The Central Bank of Nigeria’s recent directive imposing a 0.5 percent cybersecurity levy on electronic transactions has sparked online debate and controversy. This levy, mandated by the Central Bank of Nigeria (CBN), is intended to support the nation’s cybersecurity infrastructure. However, its implementation has raised concerns among business owners, companies and Nigerians at large, prompting […]