16 Banking Transactions exempted from The Cyber Security Levy (see full list) - Business

Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / New
Stats: 3,160,481 members, 7,843,469 topics. Date: Wednesday, 29 May 2024 at 06:11 AM

16 Banking Transactions exempted from The Cyber Security Levy (see full list) - Business - Nairaland

Nairaland Forum / Nairaland / General / Business / 16 Banking Transactions exempted from The Cyber Security Levy (see full list) (28785 Views)

16 Transaction Types Exempted From CBN’s Cybersecurity Levy / CBN Directs Banks To Impose 0.5% Cybersecurity Levy On All Transactions / Banks To Charge Nigerians For Cybersecurity Levy on Transactions (2) (3) (4)

(1) (2) (3) (4) (Reply) (Go Down)

16 Banking Transactions exempted from The Cyber Security Levy (see full list) by fergie001: 10:06am On May 07

1. Loan disbursements and repayments

2. Salary payments

3. Intra-account transfers within the same bank or between different banks for the same customer

4. Intra-bank transfers between customers of the same bank

5. Other Financial Institutions instructions to their correspondent banks

6. Interbank placements,

7. Banks’ transfers to CBN and vice-versa

8. Inter-branch transfers within a bank

9. Cheque clearing and settlements

10. Letters of Credits

11. Banks’ recapitalisation-related funding – only bulk funds movement from collection accounts

12. Savings and deposits, including transactions involving long-term investments such as Treasury Bills, Bonds, and Commercial Papers.

13. Government Social Welfare Programmes transactions e.g. Pension payments

14. Non-profit and charitable transactions, including donations to registered non-profit organisations or charities

15. Educational institutions’ transactions, including tuition payments and other transactions involving schools, universities, or other educational institutions

16. Transactions involving bank’s internal accounts such as suspense accounts, clearing accounts, profit and loss accounts, inter-branch accounts, reserve accounts, nostro and vostro accounts, and escrow accounts.

SOURCE

13 Likes 5 Shares

Re: 16 Banking Transactions exempted from The Cyber Security Levy (see full list) by atiku4President(m): 10:07am On May 07

APC is on over drive to destroy Nigerians. May God save us from their hands

91 Likes 3 Shares

Re: 16 Banking Transactions exempted from The Cyber Security Levy (see full list) by benuejosh: 10:17am On May 07

Something has come for Peter Obi to spew nonsense again. Just wait for like three days and see him kick the whole thing into the bush.

8 Likes 9 Shares

Re: 16 Banking Transactions exempted from The Cyber Security Levy (see full list) by Righthussle: 10:22am On May 07

atiku4President:
APC is on over drive to destroy Nigerians. May God save us from their hands

Which God should save you from their hands? Is it the same one that allowed Tinubu win the election?

What I like about this levy is that it is for both Obidients and Baterians.

Predict the next new tax, hike or Levy by this government and win a kiss

56 Likes 2 Shares

Re: 16 Banking Transactions exempted from The Cyber Security Levy (see full list) by Parydelegate: 10:22am On May 07

Re: 16 Banking Transactions exempted from The Cyber Security Levy (see full list) by Antiurchins: 10:22am On May 07

🇳🇬COST OF ELECTRONIC TRANSACTIONS

CYBERSECURITY LEVY: SENDERS now bear....
₦5 on ₦1,000
₦50 on ₦10,000
₦500 on ₦100,000
₦5,000 on ₦1,000,000
₦50,000 on ₦10,000,000

STAMP DUTY: RECEIVERS bear....
₦50 on ₦10,000
₦50 on ₦100,000
₦50 on ₦1,000,000
₦50 on ₦10,000,000

TRANSFER FEES: SENDERS bear...
₦10 on ≤₦5,000
₦25 on ₦5,001 — ₦50,000
₦50 on >₦50,000

VALUE ADDED TAX: SENDERS bear...
₦0.75 on ₦10 Transfer fee
₦1.875 on ₦25 Transfer fee
₦3.75 on ₦50 Transfer fee

SMS FEE: SENDERS & RECEIVERS bear...
₦4 on each electronic transfer notification

*All applicable on eligible electronic transactions*

#StatiSense

25 Likes 7 Shares

Re: 16 Banking Transactions exempted from The Cyber Security Levy (see full list) by SouthSouth1914: 10:23am On May 07

Government of dunces! I won’t fund someone’s wild orgies or drinking habits! Let them cripple the financial sector.

N.B APC supporters were exempted from this policy. Una eye go clear, especially the N15 per post individuals.

27 Likes 1 Share

Re: 16 Banking Transactions exempted from The Cyber Security Levy (see full list) by Sabadon(m): 10:23am On May 07

there's something inherently wrong with the black race, I just can't place it.....

27 Likes 2 Shares

Re: 16 Banking Transactions exempted from The Cyber Security Levy (see full list) by SirLakes: 10:23am On May 07

First to commence grin

First to commense grin

First to commet grin

I mean First to commend grin

Sorry, it is First to comment grin

Re: 16 Banking Transactions exempted from The Cyber Security Levy (see full list) by NaijaCover(m): 10:23am On May 07

Following

Re: 16 Banking Transactions exempted from The Cyber Security Levy (see full list) by Havardcv: 10:23am On May 07

I'm hungry God, have been living on Garri and Sugar since Sunday. Can't keep it to myself again, and haven't been able to get much orders on my writing service.

Please help me any amount guys, I'm really really hungry

9074212399
Palmpay

Re: 16 Banking Transactions exempted from The Cyber Security Levy (see full list) by beryledibor: 10:23am On May 07

What of opay. Are we immune? Maybe na piggy bank sure pass.

2 Likes

Re: 16 Banking Transactions exempted from The Cyber Security Levy (see full list) by Antiurchins: 10:23am On May 07

We warned them about Tinubu, they didn't listen - Tinubu was the worst candidate in the entire list of all presidential candidates - The red flags were just too much for any person not to see

35 Likes 1 Share

Re: 16 Banking Transactions exempted from The Cyber Security Levy (see full list) by Caspry5: 10:24am On May 07

What's the Japanese name for shege grin

16 Likes 1 Share

Re: 16 Banking Transactions exempted from The Cyber Security Levy (see full list) by yemmywesey(m): 10:24am On May 07

Mr cadostro or colosros, what is the meaning of all these nonsense.
Why Should the customers be charged a levy for cyber security, it should be part of infrastructure in banking sector which should paid for with profit of the bank.

20 Likes 2 Shares

Re: 16 Banking Transactions exempted from The Cyber Security Levy (see full list) by matrixmuzi: 10:24am On May 07

fergie001:

SOURCE

Bunch of half apes . black man is cursed . Giant of Africa my ass.

11 Likes

Re: 16 Banking Transactions exempted from The Cyber Security Levy (see full list) by Sabadon(m): 10:24am On May 07

benuejosh:
Something has come for Peter Obi to spew nonsense again. Just wait for like three days and see him kick the whole thing into the bush.

you are bereft of wisdom......

40 Likes 2 Shares

Re: 16 Banking Transactions exempted from The Cyber Security Levy (see full list) by sofeo(m): 10:24am On May 07

Alright

Re: 16 Banking Transactions exempted from The Cyber Security Levy (see full list) by OboOlora(f): 10:25am On May 07

By the time Tinubu is done with his 4years, 90% of Nigerians would be lucky to afford one-square meal daily.
I can't even pity anyone that voted for him, especially the yorubas. Una wan ethnic-diversity right? Ebi ma pa iya yin ku ni (with the exception of the few that voted otherwise).

15 Likes

Re: 16 Banking Transactions exempted from The Cyber Security Levy (see full list) by ourcrudeoil: 10:25am On May 07

One chance government

1 Like

Re: 16 Banking Transactions exempted from The Cyber Security Levy (see full list) by UrPapa: 10:26am On May 07

Which one is savings and deposit again

Re: 16 Banking Transactions exempted from The Cyber Security Levy (see full list) by jmoore(m): 10:26am On May 07

Believe CBN bandits at your own peril.

The fools are raising money they will use to pay ransom to kidnappers, and channel the rest to their private pockets.

Tinubulation came to steal, kill and destroy.

4 Likes

Re: 16 Banking Transactions exempted from The Cyber Security Levy (see full list) by benuejosh: 10:26am On May 07

Sabadon:
you are bereft of wisdom......

and You thought what you said is wisdom or a wise saying?

Re: 16 Banking Transactions exempted from The Cyber Security Levy (see full list) by Elsueno: 10:26am On May 07

😯 Did U know?

They would be some unfortunate cursed souls who would readily defend this extortion with every fibre of thier being?

Some of these agb@dorians aren't even paid the measle 30k monthly. But are just tribalistic idjits.

Some like hell anus, the vulture griller etc. would prefer to attack one 'Atiku' or 'Peter Obi" way them currently no get anything to do with current government

5 Likes

Re: 16 Banking Transactions exempted from The Cyber Security Levy (see full list) by MatrixReloaded: 10:26am On May 07

I would ve helped but I have concerns with ur moniker.

KashApp:
Na
Pls guys, if anyone can help me with 1k. Make pretence no kill me.

25984
.

Thanks and God bless 🙏

2 Likes

Re: 16 Banking Transactions exempted from The Cyber Security Levy (see full list) by ObaAdeleke: 10:26am On May 07

benuejosh:
Something has come for Peter Obi to spew nonsense again. Just wait for like three days and see him kick the whole thing into the bush.

Your worry is 1 man out of 200 million Nigerians... not even your family.. abi you don't have family members that will spew nonsense on this matter. Bast..ard

31 Likes 3 Shares

Re: 16 Banking Transactions exempted from The Cyber Security Levy (see full list) by CodeTemplar: 10:27am On May 07

In principle, buying is taxed. Contributions too. Lol

1 Like 1 Share

Re: 16 Banking Transactions exempted from The Cyber Security Levy (see full list) by id4sho(m): 10:27am On May 07

Tinubu wants to eradicate porverty, but he's eradicating the poor

6 Likes

Re: 16 Banking Transactions exempted from The Cyber Security Levy (see full list) by mystery22: 10:28am On May 07

Where are the useless brain dead supporters

3 Likes

Re: 16 Banking Transactions exempted from The Cyber Security Levy (see full list) by francisbarrack(m): 10:28am On May 07

benuejosh:
Something has come for Peter Obi to spew nonsense again. Just wait for like three days and see him kick the whole thing into the bush.

Y is Peter Obi dey wire u headache? B realistic bro

11 Likes 3 Shares

Re: 16 Banking Transactions exempted from The Cyber Security Levy (see full list) by PHIPEX(m): 10:28am On May 07

How will CBN know the fund I transfered is for Loan repayment? People typically transfer funds to their savings account whether they owe the bank or not.

Another policy somersault is on the way.

2 Likes

(1) (2) (3) (4) (Reply)

Naira Falls Across Markets As CBN Adjust Clearing Rate To N197 / Nigeria’s CBN Is Printing Money To Keep The Govt Afloat & Alarms Are Ringing. / What Would Be Your Business Plan If You Had The Necessary Capital?

(Go Up)

Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health
religion celebs tv-movies music-radio literature webmasters programming techmarket

Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10)

Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 25
Disclaimer: Every Nairaland member is solely responsible for anything that he/she posts or uploads on Nairaland.