{"id":31645,"date":"2024-05-12T08:00:35","date_gmt":"2024-05-12T08:00:35","guid":{"rendered":"https:\/\/nigerdeltanews.ng\/cbn-tinubu-reportedly-orders-suspension-of-cybersecurity-levy\/"},"modified":"2024-05-12T08:00:35","modified_gmt":"2024-05-12T08:00:35","slug":"cbn-tinubu-reportedly-orders-suspension-of-cybersecurity-levy","status":"publish","type":"post","link":"https:\/\/nigerdeltanews.ng\/cbn-tinubu-reportedly-orders-suspension-of-cybersecurity-levy\/","title":{"rendered":"CBN: Tinubu reportedly orders suspension of cybersecurity levy"},"content":{"rendered":"<div>\n<p>President Bola Ahmed Tinubu has reportedly asked the Central Bank of Nigeria to suspend the implementation of the controversial cybersecurity levy policy amid rejection by Nigerians.<br \/>\nA report on Sunday quoted presidential sources disclosing Tinubu\u2019s position on the cybersecurity levy.<\/p>\n<p>This followed the decision of the House of Representatives, which, last Thursday, asked the CBN to withdraw its circular directing all banks to commence charging a 0.5 per cent cybersecurity levy on all electronic transactions in the country.<\/p>\n<p>Recall that CBN, on May 6, 2024, issued a circular mandating all banks, mobile money operators, and payment service providers to implement a new cybersecurity levy.<\/p>\n<p>The levy did not go down well with Nigerians, the Nigerian Labour Congress, and the Centre for the Promotion of Private Enterprises.<\/p>\n<p>NCL rejected the levy, noting it would worsen the economic hardship on Nigerians.<\/p>\n<p>Similarly, CPPE, in a statement by its director, Dr Muda Yusuf, called for its suspension as it is insensitive when Nigerians face severe economic hardship.<\/p>\n<p>CBN: Tinubu reportedly orders suspension of cybersecurity levy<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>President Bola Ahmed Tinubu has reportedly asked the Central Bank of Nigeria to suspend the implementation of the controversial cybersecurity&hellip;<\/p>\n","protected":false},"author":1,"featured_media":31646,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4161,4274,14980,15,466],"tags":[519,63,14927,14981,180,26],"class_list":["post-31645","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","category-cbn","category-cybersecurity-levy","category-news","category-tinubu","tag-business","tag-cbn","tag-cybersecurity","tag-levy","tag-news","tag-tinubu"],"_links":{"self":[{"href":"https:\/\/nigerdeltanews.ng\/wp-json\/wp\/v2\/posts\/31645","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=31645"}],"version-history":[{"count":0,"href":"https:\/\/nigerdeltanews.ng\/wp-json\/wp\/v2\/posts\/31645\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/nigerdeltanews.ng\/wp-json\/wp\/v2\/media\/31646"}],"wp:attachment":[{"href":"https:\/\/nigerdeltanews.ng\/wp-json\/wp\/v2\/media?parent=31645"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nigerdeltanews.ng\/wp-json\/wp\/v2\/categories?post=31645"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nigerdeltanews.ng\/wp-json\/wp\/v2\/tags?post=31645"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}