Tag: Cybersecurity Levy
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Levy for Another Day: Nigeria Suspends Cybersecurity Levy for Review
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Nigeria suspends cybersecurity levy: President Tinubu has halted the 0.5% levy on electronic transactions for review, following House of Representatives’ concerns. Critics worried about its impact on business costs. Stay tuned for updates. In a recent turn of events, Nigeria has decided to suspend the implementation of the controversial cybersecurity…
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Nigeria’s New Cybersecurity Levy: A Burden on an Ailing Economy?
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With the introduction of the new Cybersecurity Levy, Nigeria’s economic landscape faces yet another challenge, marked by the implementation of a 0.5% levy on electronic transactions. This levy, mandated by the 2024 Cybercrime (Prohibition, Prevention, etc.) Amendment Act, aims to bolster national cybersecurity efforts under the Office of the National…