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Nairaland Forum / Nairaland / General / Business / CBN Directs Banks To Impose 0.5% Cybersecurity Levy On All Transactions (21806 Views)
CBN Directs Banks To Suspend Charges On Deposits Till September / CBN Directs Banks To Pay Customers With ₦100, ₦50, ₦20, ₦10, ₦5 Over-The-Counter / CBN Directs Banks To Accept Deposits Beyond Cashless Policy Limit (2) (3) (4)
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Re: CBN Directs Banks To Impose 0.5% Cybersecurity Levy On All Transactions by erico2k2(m): 9:08am On May 07 |
Gerrard59:They have no clue, notice how one uneducated person called me a liar?Im waiting for him to tell me what taxes we pay in the UK! 2 Likes 2 Shares |
Re: CBN Directs Banks To Impose 0.5% Cybersecurity Levy On All Transactions by Smartgeek(m): 9:09am On May 07 |
On Electronic transfers Stamp duty of is borne by the receiver of such transfers from 10k and above Transfer fees is borne by the sender by virtue of the banded NIP charges between 10.75 and 53.75 depending on the amount Now, cybersecurity charge of 0.5% (No cap indicated so far. Meaning if u transfer 1m, 5k Cybersecurity charge Wil be due to you) to be borne(by sender since it is at the point of origination) on electronic transfers? Wawu 4 Likes |
Re: CBN Directs Banks To Impose 0.5% Cybersecurity Levy On All Transactions by Gerrard59(m): 9:11am On May 07 |
YouAreNobody: That is not true. Organise an election today and Tinubu would win fair and square. You need to understand Nigeria for what it is, rather than what you think it should be. 8 Likes |
Re: CBN Directs Banks To Impose 0.5% Cybersecurity Levy On All Transactions by Gerrard59(m): 9:11am On May 07 |
erico2k2: That person is an APC miscreant. Pay no attention. 4 Likes 1 Share |
Re: CBN Directs Banks To Impose 0.5% Cybersecurity Levy On All Transactions by Lifemanage: 9:12am On May 07 |
Revolution will start. End sars will be a child's play. Govt want choke everybody now, let them wait for the result |
Re: CBN Directs Banks To Impose 0.5% Cybersecurity Levy On All Transactions by grandstar(m): 9:14am On May 07 |
0.5% is too high. This is a tax pure and simple. The amount should be reduced to 0.1% at most. 3 Likes |
Re: CBN Directs Banks To Impose 0.5% Cybersecurity Levy On All Transactions by darediamond(m): 9:14am On May 07 |
treesun:What do you expect from the Chief Of Agbero Cum Illegitimate President Of Nogeria? 1 Like |
Re: CBN Directs Banks To Impose 0.5% Cybersecurity Levy On All Transactions by erico2k2(m): 9:16am On May 07 |
Gerrard59:Noted 1 Like |
Re: CBN Directs Banks To Impose 0.5% Cybersecurity Levy On All Transactions by NosaJH: 9:17am On May 07 |
Let the masses breath na 1 Like |
Re: CBN Directs Banks To Impose 0.5% Cybersecurity Levy On All Transactions by Proxyly(m): 9:17am On May 07 |
treesun:No money to run Government again? Haba who do me this thing? I talk am , you say make I keep quiet. Nde economy transformation!! 1 Like |
Re: CBN Directs Banks To Impose 0.5% Cybersecurity Levy On All Transactions by Ideyontop: 9:18am On May 07 |
Time to withdraw all my money from the bank, this is unbearable |
Re: CBN Directs Banks To Impose 0.5% Cybersecurity Levy On All Transactions by Proxyly(m): 9:18am On May 07 |
treesun:No money to run Government again? Haba who do me this thing? I talk am, you say make I keep quiet. Nde economy transformation!! |
Re: CBN Directs Banks To Impose 0.5% Cybersecurity Levy On All Transactions by faceland: 9:20am On May 07 |
They keep putting their dirty hands in our pocket. 1 Like |
Re: CBN Directs Banks To Impose 0.5% Cybersecurity Levy On All Transactions by Azzik: 9:21am On May 07 |
treesun:They will implement it ASAP but student loan is taking forever because it has to pass through many processes...may God help us in this country 1 Like |
Re: CBN Directs Banks To Impose 0.5% Cybersecurity Levy On All Transactions by zedegit: 9:21am On May 07 |
Banks wan begin dey task wetin no good. Dem don tire for the plenty unsolicited loan messages fee amounting to #200 -500 per month. |
Re: CBN Directs Banks To Impose 0.5% Cybersecurity Levy On All Transactions by Raymondfayowole(m): 9:22am On May 07 |
Today, we are increasing interest rate to encourage savings, tomorrow we are imposing deductions and all kinds of levies that are indicators of inflation. It baffles me how we take one step forward and 5 steps backward. 2 Likes |
Re: CBN Directs Banks To Impose 0.5% Cybersecurity Levy On All Transactions by faceland: 9:23am On May 07 |
Ideyontop: Even Boko Haram doesn't tax to this level. My Zenith bank account is minus 7 because they keep removing money so I empty it, now they vex and continue removing their so called levy. |
Re: CBN Directs Banks To Impose 0.5% Cybersecurity Levy On All Transactions by tnerro1(m): 9:24am On May 07 |
One day the CBN will direct banks to charge 2% on all accounts that have single as their marital status 3 Likes |
Re: CBN Directs Banks To Impose 0.5% Cybersecurity Levy On All Transactions by racerve(m): 9:24am On May 07 |
Gerrard59: Did he win the last one fair and square? |
Re: CBN Directs Banks To Impose 0.5% Cybersecurity Levy On All Transactions by BigDawsNet: 9:25am On May 07 |
YouAreNobody: Dey will still vote for the same party again till thy kingdom come... Make everyone just find a way to make it individually 1 Like |
Re: CBN Directs Banks To Impose 0.5% Cybersecurity Levy On All Transactions by BigDawsNet: 9:25am On May 07 |
morikee: And Senate approve this? 1 Like |
Re: CBN Directs Banks To Impose 0.5% Cybersecurity Levy On All Transactions by DeOTR: 9:27am On May 07 |
treesun:This is in bad taste and not thoroughly thought-out. You can't be encouraging cashless transactions and at the same time increasing levies on electronic transactions. Do these people even know what they're doing? 2 Likes |
Re: CBN Directs Banks To Impose 0.5% Cybersecurity Levy On All Transactions by iruoghene7(m): 9:30am On May 07 |
Burdening the people with your aggressive revenue policies is strangling the very life off the common man. Making more money available to the government to languish on their luxurious living. All the taxes hasn't translated into better life for Nigerians. |
Re: CBN Directs Banks To Impose 0.5% Cybersecurity Levy On All Transactions by Angelfrost(m): 9:31am On May 07 |
I understand that the government is desperate to raise IGR. However, why using underhand and bogus names to fleece the already suffering and dying citizens?!! 1 Like |
Re: CBN Directs Banks To Impose 0.5% Cybersecurity Levy On All Transactions by noobody(m): 9:31am On May 07 |
jayce232: The problem is Tinubu thinks he handle Nigeria like he did lagos, He wants to focus his efforts on IGR,Nigeria problems won't be solved that way not in this difficult times,times are too hard. He wants to leave a legacy of how much he met and how much he saved, It would get a point Nigerians would be pushed to the wall. 1 Like |
Re: CBN Directs Banks To Impose 0.5% Cybersecurity Levy On All Transactions by LANRYUS(m): 9:32am On May 07 |
treesun: The heading of your post is misleading, the charges is not on all transactions. |
Re: CBN Directs Banks To Impose 0.5% Cybersecurity Levy On All Transactions by OfficialAPCNig: 9:32am On May 07 |
Yorubas use IGR to measure economic development. This is the after effect. 😂😂😂😂 1 Like |
Re: CBN Directs Banks To Impose 0.5% Cybersecurity Levy On All Transactions by disuolan: 9:33am On May 07 |
smh |
Re: CBN Directs Banks To Impose 0.5% Cybersecurity Levy On All Transactions by Angelfrost(m): 9:33am On May 07 |
Gerrard59: If fairness existed in Nigerian politics, as well as honesty, Atiku and Tinubu would never have won their party primaries. If you understood that basic fact, you wouldn't have made that laughable statement above. ![]() |
Re: CBN Directs Banks To Impose 0.5% Cybersecurity Levy On All Transactions by Resurgent2016: 9:35am On May 07 |
Houseontherock1: very insensitive, particularly at a time when banks are declaring record profits and people are being squeezed with high inflation....GTB declared ₦609.3billion, Access N619.32bn. FBN almost N400 billion. If funds are required for cybersecurity, the banks definitely can make some room to cover these costs |
Re: CBN Directs Banks To Impose 0.5% Cybersecurity Levy On All Transactions by Clobisman(m): 9:36am On May 07 |
treesun:This people are giving people more reasons not to keep their money in the bank |
Re: CBN Directs Banks To Impose 0.5% Cybersecurity Levy On All Transactions by jojothaiv(m): 9:38am On May 07 |
Hallelujah boys and girls, how far na... |
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