Nigeria's central bank plans to charge a levy on domestic money transfers to help fund cybersecurity, it said.
ABUJA, May 7 - Nigeria's central bank plans to charge a levy on domestic money transfers to help fund cybersecurity, it said.
The bank said the funds will managed by the country's security adviser's office and that non-compliance will attract a charge of 2% of the institution's annual turnover. In March, Nigeria charged Binance, the world's largest crypto exchange and two of its executives, facing separate trials on tax evasion and money laundering, which the company is challenging.
BISV BISV08 BNK BNKS BNKS1 BSVC CBNG CBSEC CEN CIV CLJ CRIM DAT DIP DLI FIN FINS FINS08 FRAUD1 GEN HACK ITEC POL SCI SOCI SWIT TECH TECH08 TMT WWW AFR EMEA WAFR EMRG NG
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Patriots offensive lineman reveals last season’s extended absence due to malariaThe tackle said he likely contracted the disease in Nigeria.
Read more »
Nigerian journalist's arrest sparks outcry over press freedom restrictionsLast week, Nigerian journalist Daniel Ojukwu was arrested in Lagos, triggering concerns about declining press freedoms in Nigeria. Nigeria ranks low in press freedom.
Read more »
Nigeria secures $600 million Maersk investment in seaport infrastructureNigeria secures $600 million Maersk investment in seaport infrastructure
Read more »
Binance CEO calls for release of colleague detained in NigeriaBinance CEO Richard Teng claimed compliance officer Tigran Gambaryan is innocent and must be released by the Nigerian authorities.
Read more »
Nigeria to ban peer-to-peer crypto trading in nairaNigerian authorities are preparing to ban P2P crypto exchange involving the national currency, the Nigerian naira, in the coming days.
Read more »
Binance CEO Teng Says Nigeria Must Release Gambaryan, Detention Sets 'Dangerous New Precedent'Amitoj Singh is a CoinDesk reporter.
Read more »