CBN Implements 0.5% Levy, Others on Electronic Transactions
The of Nigeria (CBN) will begin the implementation of an amended 2015 Cybersecurity Act that will levy a 0.5% fee on all electronic transactions on May 20, an increase of 900% from an earlier levy of 0.005%. This implies that any electronic transfer of ₦1,000 will attract a ₦5 fee while a ₦100,000 transfer will […]
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