Nigerians

2024 - 5 - 9

Shocking! The Hidden Costs of Electronic Transactions in Nigeria Revealed

Advocacy for Nigerians - Cybersecurity levy - Financial security - Nigerian politics - Peter Obi

Nigerians are facing unexpected levies and taxes on electronic transactions. Find out the surprising details here!

Nigerians are in for a financial shock as they uncover the hidden costs of electronic transactions. From the recently implemented cybersecurity levy to unproven asthma treatments due to rising medication costs, the financial burdens are piling up. The Central Bank of Nigeria's directive on imposing a cybersecurity levy has stirred controversy, with many expressing anger over the new tax on money transfers. Some argue that this 0.5% levy will drive people back to using cash, impacting financial inclusion drives and pushing ordinary Nigerians into financial hardship.

Amidst the chaos, political figures like Peter Obi and Daniel Bwala have come under scrutiny for their statements and actions. While Obi's supporters are accused of misleading Nigerians with old pictures, Bwala urges the public to bear the temporary economic hardships, emphasizing that tough times won't last forever. The Trade Union Congress and the Northern Elders Forum have also voiced their concerns about the cybersecurity levy further impoverishing Nigerians, highlighting the potential adverse effects on financial transactions and inclusivity.

In a bizarre turn of events, a Polish bank made headlines for refusing to open accounts for Nigerians, sparking frustration and embarrassment for an unidentified individual. As Nigerians kick against the 0.5% cybersecurity levy, the impact on everyday financial transactions and the economy remains a hot topic of debate. The cybersecurity levy continues to face criticism for its potential to burden ordinary citizens and impede financial progress, raising questions about the future of electronic transactions in Nigeria.

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Image courtesy of "Businessday.ng"

5 other levies Nigerians pay for electronic transactions ... (Businessday.ng)

Bank charges in Nigeria: The recent directive from the Central Bank of Nigeria mandating banks to impose a cybersecurity levy on trans...

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Image courtesy of "The Punch"

Peter Obi's supporters misleading Nigerians with old pictures - Fact ... (The Punch)

The 2023 presidential candidate of the Labour Party, Peter Obi, is under scrutiny for allegedly deceiving the public through his supporters known as ...

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Image courtesy of "BBC News"

Cybersecurity levy: Nigeria anger at new tax on money transfers (BBC News)

Some argue that the 0.5% cybersecurity levy on electronic transfers will push people back to using cash.

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Image courtesy of "TheCable"

'Hardship won't last forever' — Daniel Bwala asks Nigerians to bear ... (TheCable)

Daniel Bwala, a former spokesperson for the Atiku Abubakar campaign in the 2023 election, says Nigerians need to adjust to the economic realities in the ...

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Image courtesy of "Vanguard"

Cybersecurity levy'll further pauperise Nigerians —TUC, Obi ... (Vanguard)

THE Trade Union Congress, TUC, of Nigeria, presidential candidate of the Labour Party in the 2023 elections, Mr Peter Obi, and the Coalition of Northern ...

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Image courtesy of "Voice of America"

Nigerians turn to unproven asthma treatments as inhaler costs rise (Voice of America)

World Asthma Day 2024 finds Nigeria facing a mounting health crisis with asthma medication costs soaring more than 500% in less than a year. That has led many ...

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Image courtesy of "SaharaReporters.com"

Northern Elders Oppose Central Bank's Cybersecurity Levy On ... (SaharaReporters.com)

A prominent socio-cultural organisation representing the interests of Northern Nigeria, Northern Elders Forum (NEF), has described the Central Bank of ...

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Image courtesy of "Leadership Newspaper"

Nigerians Kick Against 0.5% Cybersecurity Levy (Leadership Newspaper)

The experts say it would have maximum and extended impact on financial transactions, financial inclusion drive of the government, and by extension, a ...

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Image courtesy of "NIGERIAN TRIBUNE"

Cybersecurity levy: Huge burden on ordinary Nigerians — NEF (NIGERIAN TRIBUNE)

The Northern Elders Forum (NEF) has condemned the Central Bank of Nigeria's recent decision to impose a cybersecurity levy on bank customers.

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Image courtesy of "The Punch"

Polish bank says it doesn't open accounts for Nigerians (The Punch)

An unidentified Nigerian man has expressed frustration and embarrassment after a bank in Poland refused to open an account.

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Image courtesy of "Premium Times"

Reps probe Nigerian foreign missions over alleged poor consular ... (Premium Times)

The lawmakers noted that Nigerians are illegally held or imprisoned in foreign countries sometimes under harsh conditions that may lead to loss of lives.

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Image courtesy of "NIGERIAN TRIBUNE"

Nigerians in diaspora demand right to vote (NIGERIAN TRIBUNE)

On May 1st, 2024, FixPolitics Diaspora, an initiative of #FixPolitics dedicated to fostering civic engagement among Nigerians abroad,

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Image courtesy of "Voice of Nigeria"

Lawmakers Order CBN To Halt Implementation Of Levies On ... (Voice of Nigeria)

The House of Representatives has called on the Central Bank of Nigeria to halt the implementation of the Cybersecurity Levy on Nigerians.

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Image courtesy of "Leadership Newspaper"

Senate Backs Cybersecurity Levy, Says It's Not Punishment For ... (Leadership Newspaper)

The Senate has clarified that the newly introduced 0.5% cybersecurity levy on some banking transactions by the Federal Government was not meant to punish.

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Image courtesy of "CHANNELS TELEVISION"

NESG Faults Timing Of Cybersecurity Levy, Says Nigerians Battling ... (CHANNELS TELEVISION)

NESG asked the Federal Government to reconsider the levy as Nigerians are currently groaning under multiple taxation and inflationary pressures.

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Image courtesy of "TheCable"

'More financial burden on Nigerians' — NEF rejects CBN's ... (TheCable)

The Northern Elders Forum (NEF) says the directive of the Central Bank of Nigeria (CBN) on implementing a cybersecurity levy for electronic transactions ...

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Image courtesy of "TheCable"

'More financial burden on Nigerians' — NEF rejects FG's ... (TheCable)

The Northern Elders Forum (NEF) says the directive of the Central Bank of Nigeria (CBN) on implementing a cybersecurity levy for electronic transactions ...

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Image courtesy of "Vanguard"

Gani Adams to FG: Nigerians are suffering (Vanguard)

THE Aare Onakakanfo of Yorubaland, Iba Gani Adams, has urged the Federal Government to address the sufferings of Nigerians, caused by the removal of the ...

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Image courtesy of "The Punch"

Address Nigerians' sufferings, Gani Adams urges FG (The Punch)

The Aare Onakakanfo of Yorubaland, Gani Adams, has asked the Federal Government to address Nigerians' sufferings caused by the fuel subsidy removal and ...

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Image courtesy of "US Embassy and Consulate in Nigeria"

56 Young Nigerians to Travel to the United States as part of the 10th ... (US Embassy and Consulate in Nigeria)

The U.S. Diplomatic Mission in Nigeria proudly unveils the selection of 56 distinguished young Nigerians for the 2024 Mandela Washington Fellowship program, ...

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Image courtesy of "The Punch"

56 Nigerians picked for Mandela Washington Fellowship Programme (The Punch)

Fifty-six young Nigerians have been selected to participate in the 10th Anniversary of the Mandela Washington Fellowship programme.

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Image courtesy of "Businessday.ng"

Nigerians to pay for new multipurpose national identity card — NIMC ... (Businessday.ng)

multipurpose national identity card: Abisoye Odusote, director-general/chief executive officer of the NIMC has disclosed that Nigerians...

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Image courtesy of "Voice of Nigeria"

56 Nigerians Selected For 2024 Mandela Washington Fellowship (Voice of Nigeria)

The U.S. Diplomatic Mission in Nigeria has unveiled the selection of 56 young Nigerians to attend the 2024 Mandela Washington Fellowship programme and its ...

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Image courtesy of "News Agency of Nigeria"

U.S. Unveils 56 Young Nigerians For 2024 Mandela Washington ... (News Agency of Nigeria)

By Mark Longyen The U.S. Diplomatic Mission in Nigeria has unveiled 56 distinguished young Nigerians selected for the 2024 Mandela Washington Fellowship.

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Image courtesy of "The Nation Newspaper"

56 young Nigerians to travel to US for Mandela Washington ... (The Nation Newspaper)

The Nation Newspaper 56 young Nigerians to travel to US for Mandela Washington Fellowship program.

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