{"id":30804,"date":"2024-05-07T08:01:56","date_gmt":"2024-05-07T08:01:56","guid":{"rendered":"https:\/\/nigerdeltanews.ng\/cbn-0-5-percent-cybersecurity-charges-list-of-transactions-exempted-from-payment\/"},"modified":"2024-05-07T08:01:56","modified_gmt":"2024-05-07T08:01:56","slug":"cbn-0-5-percent-cybersecurity-charges-list-of-transactions-exempted-from-payment","status":"publish","type":"post","link":"https:\/\/nigerdeltanews.ng\/cbn-0-5-percent-cybersecurity-charges-list-of-transactions-exempted-from-payment\/","title":{"rendered":"CBN 0.5 percent cybersecurity charges: List of transactions exempted from payment"},"content":{"rendered":"<div>\n<p>The Central Bank of Nigeria, CBN, on Monday, mandated all banks in Nigeria to collect and remit a 0.5 per cent cyber security levy to the office of the National Security Adviser.<\/p>\n<p>DAILY POST reported that it gave this notice public through its directors of Payment System Management and Financial Policy and Regulation Departments, Chibuzor Efobi and Haruna Mustafa<\/p>\n<p>DAILY POST brings you the list of exemptions from cybersecurity charges:<\/p>\n<p>1. Loan disbursements and repayments<\/p>\n<p>2. Salary payments<\/p>\n<p>3. Intra-account transfers within the same bank or between different banks for the same customer<\/p>\n<p>4. Intra-bank transfers between customers of the same bank<\/p>\n<p>5. Other Financial Institutions (OFIs) instructions to their correspondent<\/p>\n<p>6. banks Interbank placements<\/p>\n<p>7. Banks\u2019 transfers to CBN and vice-versa<\/p>\n<p>8. Inter-branch transfers within a bank<\/p>\n<p>9. Cheques clearing and settlements<\/p>\n<p>10. Letters of Credits (LCs)<\/p>\n<p>11. Banks\u2019 recapitalization related funding \u2013 only bulk funds movement from collection accounts<\/p>\n<p>12. Savings and deposits including transactions involving long-term investments such as Treasury Bills, Bonds, and Commercial Papers.<\/p>\n<p>13. Government Social Welfare Programs transactions e.g. Pension payments<\/p>\n<p>14. Non-profit and charitable transactions including donations to registered nonprofit organisations or charities.<\/p>\n<p>15. Educational Institutions transactions, including tuition payments and other transactions involving schools, universities, or other educational institutions.<\/p>\n<p>16. Transactions involving bank\u2019s internal accounts such as suspense accounts, clearing accounts, profit and loss accounts, inter-branch accounts, reserve accounts, nostro and vostro accounts, and escrow accounts.<\/p>\n<p><img fetchpriority=\"high\" decoding=\"async\" class=\"aligncenter wp-image-1095057 size-full\" src=\"https:\/\/nigerdeltanews.ng\/wp-content\/uploads\/2024\/05\/20240507_042431.jpg\" alt=\"\" width=\"834\" height=\"1024\" srcset=\"https:\/\/nigerdeltanews.ng\/wp-content\/uploads\/2024\/05\/20240507_042431.jpg 834w, https:\/\/dailypost.ng\/wp-content\/uploads\/2024\/05\/20240507_042431-244x300.jpg 244w\" sizes=\"(max-width: 834px) 100vw, 834px\"><\/p>\n<p>CBN 0.5 percent cybersecurity charges: List of transactions exempted from payment<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The Central Bank of Nigeria, CBN, on Monday, mandated all banks in Nigeria to collect and remit a 0.5 per&hellip;<\/p>\n","protected":false},"author":1,"featured_media":30805,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4161,4274,14925,15],"tags":[14926,519,63,589,14927,180,1631],"class_list":["post-30804","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","category-cbn","category-cbn-0-5-percent-cybersecurity-charges","category-news","tag-0-5","tag-business","tag-cbn","tag-charges","tag-cybersecurity","tag-news","tag-percent"],"_links":{"self":[{"href":"https:\/\/nigerdeltanews.ng\/wp-json\/wp\/v2\/posts\/30804","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/nigerdeltanews.ng\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/nigerdeltanews.ng\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/nigerdeltanews.ng\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/nigerdeltanews.ng\/wp-json\/wp\/v2\/comments?post=30804"}],"version-history":[{"count":0,"href":"https:\/\/nigerdeltanews.ng\/wp-json\/wp\/v2\/posts\/30804\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/nigerdeltanews.ng\/wp-json\/wp\/v2\/media\/30805"}],"wp:attachment":[{"href":"https:\/\/nigerdeltanews.ng\/wp-json\/wp\/v2\/media?parent=30804"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nigerdeltanews.ng\/wp-json\/wp\/v2\/categories?post=30804"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nigerdeltanews.ng\/wp-json\/wp\/v2\/tags?post=30804"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}