Tinubu halts implementation of cybersecurity levy, orders review President Bola Tinubu has directed the Central Bank of Nigeria to suspend the enforcement of the contentious cybersecurity levy and initiate a thorough review process. This decision follows the House of Representatives' call for the CBN to retract its directive, which mandated financial institutions to impose a 0.5 per cent cybersecurity levy on electronic transactions nationwide. The CBN's circular, issued on May 6, 2024, mandated banks, mobile money operators, and payment service providers to implement the levy in accordance with the Cybercrime (Prohibition, Prevention,...