🛡️ Nigerian Banks and Fintechs Introduce 0.5% Cybersecurity Levy on Digital Transactions 🇳🇬
#business
#banking
#government
#fintech
#banking
#cyber security
💳 Get ready, Nigeria! Starting May 20, 2024, every electronic transaction will come with a 0.5% cybersecurity levy. But what does this mean for your digital payments?
Amidst rising cybercrime concerns, the Central Bank of Nigeria mandates a 0.5% levy on electronic transactions, aiming to bolster cybersecurity efforts and protect financial institutions. However, questions arise regarding its impact on consumers and financial inclusion.
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