30 results
- 13 May 2024
Cybersecurity Levy Meant for Financial Institutions, Telcos – Senate:
Senator Shehu Umar Buba, chairman, Senate Committee on National Security and Intelligence, on Sunday, clarified that the recently imposed cybersecurity levy announced by the Central Bank of Nigeria…
- 6 May 2024
CBN Orders Banks to Charge 0.5 Percent Cybersecurity Levy
Central Bank of Nigeria (CBN) has ordered banks operating in the country to start charging a cybersecurity levy on transactions. A circular from the apex bank on Monday disclosed that the…
- 19 May 2024
CBN Finally Makes U-turn, Withdraws Circular on Cybersecurity Levy
Central Bank of Nigeria (CBN) has withdrawn its earlier circular directing financial institutions to implement the national 0.5 per cent cyber security levy after the policy was largely resisted. The…
- 20 Sept 2024
CBN Withdraws Controversial Monetary Policy Document on Cybersecurity Levy, Others
Central Bank of Nigeria (CBN) has said that it has temporarily withdrawn the Monetary, Credit, Foreign Trade, And Exchange Policy Guidelines for Fiscal Years 2024 – 2025 document published on…
- 18 Sept 2024
CBN Reintroduces Controversial Cybersecurity Levy @ 0.005 Percent in New Guidelines
Central Bank of Nigeria (CBN) has announced that it will continue enforcing the controversial cybercrime levy at 0.005 per cent on all electronic transactions under its new guidelines for the…
- 9 May 2024
Imposition Of 0.5 % Cybersecuruty Levy Is Anti people, Says CNF
The Cloud Network Foundation ( CNF) has called on the federal government to immediately rescind the decision on the implementation of the 0.5 per cent tax on cybersecurity. In statement released…
- 10 May 2024
CBN Misinterprets Cyber Security Provisions - Falana
Femi Falana, SAN, has said that the recently imposed 0.5 per cent cybersecurity levy is not meant for individuals. Femi Falana Falana made this known in a statement, saying the circular of the…
- 11 Apr 2023
Sophos Promotes Joe Levy to President of Sophos Technology Group, Appoints Bill Robbins President of Worldwide Field Operations
Sophos, a global leader in innovating and delivering cybersecurity as a service, has announced the promotion of Joe Levy to president of the Sophos Technology Group (STG). Sophos also appointed Bill…
- 5 May 2022
Call Tariffs to Increase as FG Slams 5 Per cent Duty on Recharge Cards
President Muhammadu Buhari, has reportedly approved the collection of five per cent excise duty on telephone recharge cards and vouchers. This is coming as telecom operators under the aegis of…
- 13 May 2024
KPMG Says Higher Taxes Don’t Necessarily Lead to Sustainable Growth
KPMG, a global tax and advisory firm, has said that “no country can tax its way to prosperity,” adding that there is empirical evidence to prove that higher taxes do not lead to sustainable growth.…
- 7 May 2024
Nigerians Pay Five Levies for Electronic Transactions
A bank customer in Nigeria pays as much as five different charges electronic transactions on one account and Netizens are not happy about it. Only on Monday, Central Bank of Nigeria (CBN), added…
- 27 Oct 2025
Erosion of Trust: How Hidden Charges, Downtime Are Bankrupting Confidence in Nigerian Banks
By Blaise Udunze In a society where trust is the lifeblood of finance, Nigeria’s banking sector seems to be bleeding credibility at an alarming rate. The relationship between banks and their…
- 3 Oct 2025
Fiscal Policy and Tax Reforms Committee Clarify New Tax Reform Laws
The Presidential Fiscal Policy and Tax Reforms Committee has clarified some misconceptions surrounding Nigeria’s newly enacted tax reform laws. Speaking at engaged journalists, influencers, and…
- 16 Feb 2024
Sophos CEO Kris Hagerman Steps Down as Joe Levy Takes Helm
Sophos announced Thursday that Kris Hagerman has stepped down as CEO of the cybersecurity giant after more than a decade, and a top executive has been named as acting CEO. The vendor didn’t disclose…
- 5 Jul 2018
CBN Explains Cyber Security Levy on Charges
The Central Bank of Nigeria (CBN) has offered explanation for the imposition a cyber security levy of 0.005 percent on service charge collected by payment service providers, PSPs, on electronic…
- 20 Feb 2025
Sophos and Pax8 Forge Strategic Partnership to Enhance Security Management for MSPs
Sophos, a global leader of innovative security solutions for defeating cyberattacks, today announced a strategic partnership with Pax8, the leading cloud commerce marketplace. The collaboration…
- 20 Mar 2019
Sophos Intercept X achieves highest security effectiveness score in NSS Labs AEP group Test
Sophos a global leader in network and endpoint security, announced that its next- gen endpoint solution, Sophos Intercept X, was recognized for having the highest security effectiveness and the most…
- 9 May 2024
Presidential Committee Recommends another Hike in VAT
Presidential Committee on Fiscal Policy and Tax Reforms has recommended an upward review of the Value Added Tax (VAT) from the present 7.5 per cent. Taiwo Oyedele, chairman of the committee, also…
- 21 Oct 2024
Sophos to Acquire Secureworks in $859M Deal to Accelerate Cybersecurity Services
Sophos has entered into a definitive agreement to acquire Secureworks, the renowned developer behind the Taegis™ platform. The all-cash transaction is valued at approximately $859 million. Sophos to…
- 21 May 2024
Joe Levy Appointed CEO of Sophos as Jim Dildine is Named New CFO
Sophos, a global leader of innovative security solutions for defeating cyberattacks, today announced that Joe Levy is now chief executive officer (CEO) of the company. Levy has been acting CEO since…
- 12 Jan 2022
Sophos premiers Sophos Switch Series to Strengthen, Simplify Connectivity at the Access Layer
Sophos, a global leader in next-generation cybersecurity, has unveiled the Sophos Switch Series, featuring a range of network access layer switches to connect, power and control device access within…
- 4 Feb 2025
Sophos Acquires Secureworks in $859m Deal, Strengthens Cybersecurity Leadership
Sophos and Secureworks (NASDAQ: SCWX), two global cybersecurity pioneers, announced the completion of Sophos’ acquisition of Secureworks on Monday. The all-cash transaction values Secureworks at…
- 18 Dec 2020
Sophos Unveils 4 New Open Artificial Intelligence Developments
Sophos, a global leader in next-generation cybersecurity, has announced four new open Artificial Intelligence (AI) developments to help broaden and sharpen the industry’s defenses against…
- 12 Aug 2025
NCC Bars Ex-Officials from Joining Telecom Firms for 5 Years
Nigerian Communications Commission (NCC) has introduced strict corporate governance rules that will bar its top officials from taking up roles in telecom companies they regulate until five years…
- 19 Mar 2023
Africa Loses $4Bn to Mobile Fraud Annually- Report
Mobile fraud is estimated to cost Africans $4 billion every year; Kenya, South Africa, and Cameroon top the list of countries where this type of harm is most prevalent. The use of digital finance has…
- 21 Sept 2023
How Sophos Excels in MITRE Engenuity ATT&CK® Evaluations with 99% Detection Coverage
Sophos, a global leader in innovating and delivering cybersecurity as a service, on Thursday announced its strong results in the MITRE Engenuity ATT&CK® Evaluations. Sophos Intercept X with XDR…
- 18 Oct 2022
Sophos’ Industry-Leading MDR Service Launches Compatibility with Third-Party Cybersecurity Technologies
Sophos, a global leader in innovating and delivering cybersecurity as a service, today launched new third-party security technology compatibilities with Sophos Managed Detection and Response (MDR) to…
- 23 Jul 2021
Sophos Acquires Braintrace to Boost Adaptive Cybersecurity Ecosystem
Sophos, a global leader in next-generation cybersecurity, today announced that it has acquired Braintrace, further enhancing Sophos’ Adaptive Cybersecurity Ecosystem with Braintrace’s proprietary…
- 11 Aug 2025
Rubrik Joins Forces with Sophos to Reinvent M365 Recovery
Rubrik, the cybersecurity company, and Sophos, a global leader of innovative security solutions for defeating cyberattacks, have announced a strategic partnership to provide Sophos M365 Backup and…
- 24 Feb 2021
Sophos, Qualcomm Partner to secure 5G Snapdragon PCs
Sophos, a global leader in next-generation cybersecurity, on Wednesday announced its plans to provide Sophos Intercept X endpoint protection for 5G PCs powered by Qualcomm® Snapdragon™ compute…