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The Economic and Financial Crimes Commission (EFCC) has raised concerns over the role of Nigerian banks in facilitating financial crimes, urging them to avoid becoming tools...
The Nigeria Deposit Insurance Corporation (NDIC) has initiated the auction process for the landed properties and chattels of Heritage Bank, as part of efforts to ensure...
The Senate passed a bill on Tuesday aimed at bolstering the Nigeria Deposit Insurance Corporation (NDIC)’s capacity to protect depositors’ funds and reinforce the stability of...
The Central Bank of Nigeria (CBN) has announced plans to reintroduce and enforce the payment of the Cybersecurity Levy on electronic transactions across the country. This...
CBN Withdraws Cybersecurity Levy Circular. The withdrawal was announced in a statement by CBN officials Haruna Mustafa and Chibuzo Efobi. The original circular issued on May...
Individuals and bank customers exempted from proposed levy Financial institutions, telcos identified as primary targets Aims to enhance cybersecurity measures, national security Eko Hot Blog reports...
Reps instructs CBN to halt cybercrime levy implementation. Minority Leader, Kingsley Chinda, moves urgent motion; House demands CBN withdraw circular. Circular causes confusion; Nigerians apprehensive; levy...
CBN suspends cash deposit fees until September 30, 2024. New directive mandates 0.5% cybersecurity levy on electronic transactions. Financial institutions deduct levy at transfer origin, remit...
SERAP issues 48-hour ultimatum to FG to withdraw CBN’s cybersecurity levy directive. CBN directive mandates 0.5% cybersecurity levy on electronic transactions, in line with Cybercrime Act...
Zenith Bank Plc has been named the Best Bank in Nigeria for the fourth consecutive year in the Global Finance Best Banks Awards 2024. The selection...