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The Business NG - May 10, 2024

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In this issue

The Edition of Today's is on how Central Bank of Nigeria (CBN) has introduced a new cybersecurity levy, deducting 0.5% of the value of all electronic transactions. However, the implementation has been met with confusion and opposition due to a discrepancy in the percentage rate between the former and new acts. The public is questioning the rate, with some believing it to be 0.005% instead of 0.5%. Legal practitioners and organizations have criticized the directive, citing concerns about the additional financial burden on Nigerians and the potential impact on businesses and economic growth. The CBN's introduction of the cybersecurity levy highlights the need for clearer communication and a comprehensive review of the legislation.

The Business NG Description:

Publisher: Tuns-Media-&-Comm-Enterprise

Category: Newspaper

Language: English

Frequency: Weekly

The BusinessNG, a leading business news publication across Nigeria and WestAfrica With a strong team of 30 staff members and a weekly print circulation of over 10,000 copies, we are poised for growth and report all political relating to business news at all level