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    CBN Halts Cybersecurity Levy Order

    May 20, 2024 - By 

    The Central Bank of Nigeria (CBN) has revoked its cybersecurity levy order, three days before its implementation. On May 6, 2024, the CBN issued a circular directing all commercial banks and payment service providers to implement a compulsory withdrawal of 0.05% cybersecurity levy on all electronic transactions. This was in accordance with the Cybercrime Prevention and Prohibition Amendment Act of 2024. The Apex bank however withdrew this directive in a circular that was released on Sunday night, dated May 17,2024. Signed by its Director of Payment Systems Management, Chibuzor Efobi, and Director of Financial Policy and Regulation Department, Haruna Mustafa,…

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    3MTT: Lagos and Kano to Get More Beneficiary

    October 26, 2023 - By 

    Lagos and Kano have been listed as the top two states from which the highest number of beneficiaries will be selected in the ongoing applications for the Federal Government’s 3 Million Technical Talent (3MTT) program. According to the implementation plan released by the Minister of Communications, Innovation and Digital Economy, Dr Bosun Tijani, in phase one of the program targeting 30,000 trainees, 2,040 will be selected from Lagos. Kano State is the second largest beneficiary with 1,628 trainees to be selected in the first phase of the program. While the Ministry did not state the criteria for allocating the numbers,…