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CBN withdraws directive on collection of cybersecurity levy

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The Central Bank of Nigeria (CBN) has withdrawn its directive to banks and payment service providers on the collection and remittance of the cybersecurity...

CBN’s 0.5% cybersecurity levy is punishment on Nigerians – Seyi Law

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Comedian Seyi Law has condemned the 0.5% cybersecurity levy on transactions which he described as "a punishment on Nigerians." The Central Bank of Nigeria...

Full list of transactions exempted from CBN’s 0.5% cybersecurity levy

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Following the announcement of the implementation of the cybersecurity levy on transactions, the Central Bank of Nigeria on Monday listed transactions granted exemption from...

Banks to begin charging 0.5% cybersecurity levy on transactions

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Banks operating in the country are to start charging a cybersecurity levy on transactions, according to a directive by the Central Bank of Nigeria...

Emefiele remanded in EFCC custody

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A State High Court in Ikeja, Lagos on Monday ordered the remand of a former governor of the Central Bank of Nigeria (CBN) Godwin...

Emefiele arrives court in suit for arraignment

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Former governor of the Central Bank of Nigeria (CBN) Godwin Emefiele has arrived at the State High Court in Ikeja, Lagos for his arraignment. Mr...

Emefiele to face fresh 26-count charges Monday

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Former governor of the Central Bank of Nigeria (CBN) Godwin Emefiele will be arraigned on Monday, April 8 before Justice Rahman Oshodi of the...

CBN raises banks’ capital base to N500bn

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The Central Bank of Nigeria (CBN) on Thursday announced an increase in the capital base for commercial banks. The apex bank's acting spokesperson Hakama Ali...

CBN announces clearance of valid FX transactions to eliminate legacy backlog

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The Central Bank of Nigeria (CBN) has announced that all valid foreign exchange backlogs have been settled, to fulfil a key pledge by the...

Tinubu set to withdraw Ruby Onwudiwe’s nomination as CBN board member

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President Bola Tinubu is set to withdraw his nomination of Dr Ruby Onwudiwe as a member of the board of Central Bank of Nigeria...