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Nairaland Forum / Nairaland / General / Business / Banks To Charge Nigerians For Cybersecurity Levy on Transactions (15483 Views)
16 Transaction Types Exempted From CBN’s Cybersecurity Levy / 16 Banking Transactions exempted from The Cyber Security Levy (see full list) / CBN Directs Banks To Impose 0.5% Cybersecurity Levy On All Transactions (2) (3) (4)
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Banks To Charge Nigerians For Cybersecurity Levy on Transactions by nairalandkachy1: 12:04am On May 07 |
Amid the ongoing hardship ravaging Nigeria, deposit money banks in the country will now start charging 0.5% cybersecurity levy on transactions. https://tribuneonlineng.com/breaking-banks-to-charge-nigerians-for-cybersecurity-levy/?utm_term=Autofeed&utm_medium=Social&utm_source=Facebook&fbclid=IwZXh0bgNhZW0CMTEAAR2iE50QJ1-rfMIvicYLxoVHF3dIa_hkRhz5usvVLQydefAD3s2p85fRaXI_aem_AbVAE322Ll3NSamHmbW7hOlQh2LFiFzn-Mz1SL6VzdcpW-v3mZbWnUfYA7vWpS4LgLkMPMnUUfOxgM2s_tiTMbDQ#Echobox=1715035114 5 Likes 2 Shares
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Re: Banks To Charge Nigerians For Cybersecurity Levy on Transactions by meum: 12:09am On May 07 |
People will go back to safekeeping money by burying it. Imagine 0.5% of 5 million. That’s 25k for cybersecurity alone 104 Likes 10 Shares |
Re: Banks To Charge Nigerians For Cybersecurity Levy on Transactions by Tokskob2008: 12:22am On May 07 |
meum:And piggy banks too 43 Likes 2 Shares |
Re: Banks To Charge Nigerians For Cybersecurity Levy on Transactions by okeyley: 12:34am On May 07 |
I don't mind being my own central bank. I go just dig ground bury my money. If you wan pay me you pay Cash. No more transfers. I cannot be funding Tinubu and shettima foreign trips and wild orgies. 188 Likes 11 Shares |
Re: Banks To Charge Nigerians For Cybersecurity Levy on Transactions by Martinsmine(m): 4:34am On May 07 |
Small money plenty charge 20 Likes |
Re: Banks To Charge Nigerians For Cybersecurity Levy on Transactions by gbaskiboy: 6:07am On May 07 |
Kuda, FairMoney, Opay, SmartCash are here to stay. With zero fee transfer when receiving and sending. Something that commercial banks can never do. 88 Likes 2 Shares |
Re: Banks To Charge Nigerians For Cybersecurity Levy on Transactions by helinues: 6:09am On May 07 |
gbaskiboy: It's because most of those Fintech banks don't have future. Some of the services they are providing are not just something feasible for normal banks to do 3 Likes 7 Shares |
Re: Banks To Charge Nigerians For Cybersecurity Levy on Transactions by CodeTemplar: 6:11am On May 07 |
That's the result of allowing a govt that only knows how to tax you snatch power. It is cyber spaces they want to secure after leaving the physical spaces in undeniable mess. 0.5% to secure servers they don't control. Extremely foolish. 115 Likes 4 Shares |
Re: Banks To Charge Nigerians For Cybersecurity Levy on Transactions by lorenzobanks(m): 6:13am On May 07 |
Reason why I don't keep my money with these useless bank. I have learn to keep my money in crypto and receive interest in it every day. Not only that I also get free auto investment to any newly launch crypto assets that would increase my earnings. I can teach people who really want to make money from crypto investment. Note: You can never loss money because this is not a trading thing rather saving and earn. Check my signature to connect with me. 18 Likes |
Re: Banks To Charge Nigerians For Cybersecurity Levy on Transactions by SocialJustice: 6:14am On May 07 |
helinues:Say what you actually know. 64 Likes 4 Shares |
Re: Banks To Charge Nigerians For Cybersecurity Levy on Transactions by Yankee101: 6:15am On May 07 |
Is no one going to stop all these frivolous bank charges? If you can’t secure your network just get out of the banking business 38 Likes |
Re: Banks To Charge Nigerians For Cybersecurity Levy on Transactions by tuoyoojo(m): 6:15am On May 07 |
Tax upon tax upon tax Tilibu is widening the tax net while reducing the purchasing power of the people 33 Likes |
Re: Banks To Charge Nigerians For Cybersecurity Levy on Transactions by Flame333: 6:16am On May 07 |
Re: Banks To Charge Nigerians For Cybersecurity Levy on Transactions by naijastusa: 6:16am On May 07 |
They will tax the hell out of you, but you can't wait to stand in line, collect 1000 naira, 1 umbrella and vote your lives away for them. Good Riddance 40 Likes 2 Shares |
Re: Banks To Charge Nigerians For Cybersecurity Levy on Transactions by abibun: 6:17am On May 07 |
Welcome development Una never see anything Keep the support, suffering and smiling set of people 37 Likes |
Re: Banks To Charge Nigerians For Cybersecurity Levy on Transactions by Judolisco(m): 6:18am On May 07 |
If una no fit secure my money against cybertheft then make una close una bank na... Arbi shouldn't it be a criteria for opening a bank in d first place.... Be like say i go dey keep my money for huz oh..... No be say una dey add any interest for me in d first place na to dey deduct my money everytime 14 Likes |
Re: Banks To Charge Nigerians For Cybersecurity Levy on Transactions by helinues: 6:18am On May 07 |
SocialJustice: No need of causing panicking, we no dey blab anyhow for here, it's on record |
Re: Banks To Charge Nigerians For Cybersecurity Levy on Transactions by Taich(m): 6:18am On May 07 |
Tor, we all are in this together. For those that think they are immuned, every business will do what businesses does to production cost, which is to transfer the cost to the final consumer. So expect price of services and goods to adjust accordingly. 25 Likes |
Re: Banks To Charge Nigerians For Cybersecurity Levy on Transactions by LastProphet: 6:19am On May 07 |
The only economic strategy Tinubu knows is how to tax people effectively and how to raise taxes on something the govt invested nothing in. Up till today exporting agric produce out of Nigeria is a complete mess, growing crop in Nigeria is a complete mess, Nigeria customs till today are the ones responsible for 70%of the inflation in Nigeria because of their voodoo levies - no transparent dealing where the public can know the cost of importation for categories of goods. Nothing nothing nothing! And yet Tinubu thinks investors are coming? I don't understand black people 41 Likes |
Re: Banks To Charge Nigerians For Cybersecurity Levy on Transactions by Amb1045(m): 6:19am On May 07 |
I think President Tinubu is clueless on how to run the affairs of this country. Man is choking the citizens he has sold his soul to devil for power and money 24 Likes 2 Shares |
Re: Banks To Charge Nigerians For Cybersecurity Levy on Transactions by Ikpunekenwa(m): 6:19am On May 07 |
I love it, they are teaching Igbos bitter lessons, unfortunately, this version of bitter lesson is for only people that have money to eat. One of them was arguing that Chelsea seaman sachet drink is a better cleaning agent for wound than methylated spirit in front of a hospital. These are the humanoid tissues we said were sophisticated. It made me remember one cultist prof during the elections and now. 21 Likes 2 Shares |
Re: Banks To Charge Nigerians For Cybersecurity Levy on Transactions by Oluwazeezu(m): 6:20am On May 07 |
So d card maintenance wey dem d collect wey b say card na we dey maintain am our selves never do dem 26 Likes 2 Shares |
Re: Banks To Charge Nigerians For Cybersecurity Levy on Transactions by Alexrh: 6:20am On May 07 |
Are banks no longer private entities, why is federal government placing taxes on our savings? Which cyber security self, 4 Likes |
Re: Banks To Charge Nigerians For Cybersecurity Levy on Transactions by PotatoSalad(m): 6:20am On May 07 |
Wait o. 1. Electronic transfer levy. 2. 35 naira per transaction after 3 withdrawals in a month. (Remember that all banks have programmed their ATMs to dispense only 10,000 naira max. So if you need more, you have no choice than to collect the 35 naira charge) 3. Card Maintenance 4. SMS charges Now this Businesses are now going to factor these charges in their prices. You already know what that means helinues: You will heal. helinues: This boy is an idiot. In the UK, nobody has time to queue in bank halls anymore. Banking is advancing fast. Innovate or die. 37 Likes 2 Shares |
Re: Banks To Charge Nigerians For Cybersecurity Levy on Transactions by HeadNigga: 6:20am On May 07 |
It seems this administration is against cashless policy. With this nonsense policy don't expect young people in your banking halls anymore. This automatically means that for every alert you receive the government has earned 0.5% of it. If you have 200,000 in your account just know that 1,000 naira of that money is no longer yours. The man is a genius, he is a master strategist..he increased Lagos IGR...to what end? You are killing businesses, pushing more people into poverty, discouraging cashless policy, etc. Tomorrow they will boast of actualizing 20 trillion from cyber security levy and some dummies will clap for them. These things haven't made life easy for the masses instead it is the reverse 35 Likes 5 Shares |
Re: Banks To Charge Nigerians For Cybersecurity Levy on Transactions by iCauseTrouble: 6:21am On May 07 |
Re: Banks To Charge Nigerians For Cybersecurity Levy on Transactions by HenryThegreat1(m): 6:21am On May 07 |
Bola tinubu shall |
Re: Banks To Charge Nigerians For Cybersecurity Levy on Transactions by olaniyilukman(m): 6:21am On May 07 |
lorenzobanks:bro, please drop your number, I want to learn crypto |
Re: Banks To Charge Nigerians For Cybersecurity Levy on Transactions by phemmie06(m): 6:21am On May 07 |
A lot of you are bullying the banks, banks did not initiate it but your government and the money is going to Ribadu's office. Has the nation been protected from physical attacks from bandits, terrorists, hoodlums to name a few? BTW those of you that because of sentiment( (gift or tribalism) voted this government, how far.... It shall favour me and my family members gang must not complain else na thunder go break your hed 13 Likes |
Re: Banks To Charge Nigerians For Cybersecurity Levy on Transactions by Dickcap: 6:21am On May 07 |
helinues: Opay has more future than access bank. Nothing u fit tell me 30 Likes 4 Shares |
Re: Banks To Charge Nigerians For Cybersecurity Levy on Transactions by Urheadmaster(m): 6:21am On May 07 |
Supported. Breaking bad or break free from Nigeria politicians brutal rules since 1900 okeyley: 4 Likes 2 Shares |
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