2024-05-19 | PSM/DIR/PUB/LAB/017/005

RE: Cybercrimes (Prohibition, Prevention, etc) (Amendment) Act 2024 - Implementation Guidance on the Collection and Remittance of the National Cybersecurity Levy

The Central Bank of Nigeria issued a circular to financial institutions and payment service providers, withdrawing its previous guidance on the National Cybersecurity Levy. The levy, which was established by the Cybercrimes (Prohibition, Prevention, etc.) (Amendment) Act 2024, is no longer referenced in the circular. The circular was issued by the Director of the Payments System Management Department and the Director of the Financial Policy and Regulation Department.

Tags
infosec
fintech
payments
advisory