The Central Bank of Nigeria, CBN, has directed 0.005 percent Cybersecurity Levy deductions on electronic transfers.
A circular issued by the CBN, on Monday, noted that the deductions would become effective in two weeks time.
The circular, issued by the Director of Payment Services, Uzoma Efobi, was addressed to all banks and payments services operators in the country.
According to the CBN, the deductions shall be applied at the transaction origination.
