CBN directs banks to stop 0.5% cybersecurity charges
The Central Bank of Nigeria (CBN) has directed banks and other financial institutions to stop the implementation of 0.5 percent cybersecurity charges on electronic transactions. This was disclosed in a circular to all commercial, merchant, non-interest, payment service banks, other financial institutions, mobile money operators and payment service providers. The circular was jointly signed by Chibuzor Efobi, […]
