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Nigeria’s President Halts Controversial Cybersecurity Levy.

A significant directive from President Bola Tinubu has put the implementation of the controversial cybersecurity levy by the Central Bank of Nigeria (CBN) on...

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BREAKING NEWS: Reps Order Pause on Cybersecurity Levy Implementation

The House of Representatives on Thursday, 9th of May 2024 called upon the Central Bank of Nigeria (CBN) to suspend the enforcement of the recently proposed...

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CBN’s New Cybersecurity Levy Faces Major Backlash from SERAP, NLC, and Business Leaders

The Central Bank of Nigeria’s (CBN) decision to impose a 0.5 percent cybersecurity levy on most electronic transactions has sparked a wave of criticism...

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CBN Cybersecurity Levy: 16 Key Transactions Exempted.

The Central Bank of Nigeria (CBN) has recently mandated a new measure that will significantly impact the landscape of electronic transactions across the...

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CBN Unveils New Classification for Nigeria’s Banking Sector

On Wednesday, 8th of May 2024, the Central Bank of Nigeria (CBN) released a detailed inventory of Deposit Money Banks licensed to operate within the nation....

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CBN Halts Bank Charges on Cash Deposits 

In a significant move aimed at easing the financial burden on its citizens, the Central Bank of Nigeria (CBN) has announced a directive for banks to halt the...

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CBN Mandates Financial Institutions to Implement 0.5% National Cybersecurity Levy.

The Central Bank of Nigeria (CBN) has emphasized the need for strict compliance with the Cybercrimes (Prohibition, Prevention, Etc.) Act 2015, specifically...

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CBN slashes the loan-to-deposit ratio (LDR) to 50 percent.

In a significant policy shift, the Central Bank of Nigeria (CBN) has unveiled a new regulatory directive intended to invigorate the nation’s real sector...

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Kenya Proposes New Bank Capital Bars for Growth & Risk Protection.

Kenya Plans to Set New Capital Bars for Banks to Safeguard Against Risks and Drive Growth. In a bold move to enhance its banking sector’s resilience and...

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Corporate Affairs Commission Enhances Regulations.

In a bid to bolster efficiency and accountability within Nigeria’s corporate landscape, regulatory bodies are implementing stricter measures across...

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