Well well well, CBN strikes again, this time they did not come for the FinTech only they cam for the users, and they came to tax them all, for 0.5% of all their money. And Microsoft may just layoff its Nigerian staffs or shutdown the branch.

Timestamp:

00:00 - Introduction to The Evening Dew by Drounz

00:08 - Microsoft may shut down its innovation center in Nigeria

00:40 - Unconfirmed reports about the closure of Microsoft's center in Lagos

01:01 - Previous layoffs at Microsoft's African Development Center in Nairobi

01:20 - Speculations on the reasons behind these closures

01:33 - Introduction to Nigeria's new cybersecurity levy

01:52 - CBN's circular on the cybersecurity levy for banks

02:17 - Details on the 0.5% cybersecurity levy on electronic transactions

03:32 - Exclusions from the cybersecurity levy and penalties for non-compliance

03:49 - The cybersecurity levy will start on May 20, 2024

04:04 - Background on the cybersecurity levy from the original 2015 Act

04:27 - Discussion on the Nigerian government's implementation of the levy

05:09 - Closing remarks and end of the episode

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