Skip to content

Live On Air

🎧 Listen Live 🔴

  • Home
  • Classic TV
  • Shows
  • The Crew
  • News
  • Events
  • Competitions

TUC Threatens Nationwide Shutdown over Cybersecurity Levy

News

The Trade Union Congress (TUC) has threatened to shut down Nigeria’s economy if the Federal Government fails to reverse the cybersecurity levy introduced by the Central Bank of Nigeria.

Reacting to the directive from the CBN to commercial banks and other financial institutions, the congress in a statement today signed by its president, Festus Osifo, slammed the CBN for imposing a new 0.5% cybersecurity levy “at a time when Nigerians are grappling with the high cost of living” and already dealing with multiple taxation from banks and the government.

Describing the introduction of the levy as a conspiracy of the oppressors against the masses, the union said the levy must be resisted by all well-meaning Nigerians, highlighting the Naira devaluation, hike in petrol cost, and recent increase in electricity tariff as some of the economic hardships Nigerians currently dealing with.

More Posts

NNPC Reports ₦6 Trillion in Oil Revenue, Ends 3-Year Silence

NNPC Reports ₦6 Trillion in Oil Revenue, Ends 3-Year Silence

Read More »
Nigeria's $31.5B Gap Threatens 2030 Goals as Growth Slows

Nigeria’s $31.5B Gap Threatens 2030 Goals as Growth Slows

Read More »
Suge Knight Reflects on Tupac’s Final Moments Nearly 30 Years Later

Keefe D Linked Diddy to Tupac’s Murder in Old Interviews, as Suge Knight Reflects

Read More »
Madugu Confident as Super Falcons Eye WAFCON Glory

Madugu Confident as Super Falcons Eye WAFCON Glory

Read More »
  • 2025 Copyright © Megalectrics Limited
  • Privacy Policy
  • Terms
Facebook-f Instagram Twitter Youtube
Facebook-f Instagram Twitter Youtube
  • Copyright © 2022 Megalectrics Limited
  • Listen Live

Live On Air

  • About Us
  • Shows
  • News
  • Classic TV
  • The Crew
  • Contact Us

Classic 97.3 FM

LAGOS

26 Keffi Street, Off Awolowo Road, Ikoyi, Lagos

  • Port-Harcourt
  • Abuja
  • Privacy Policy
  • Terms
  • 2025 Copyright © Megalectrics Limited
Facebook-f Instagram Twitter Youtube
  • Listen Live

Live On Air

  • Home
  • About Us
  • Classic TV
  • Shows
  • The Crew
  • News
  • Contact Us
Facebook-f Instagram Twitter Youtube
  • Privacy Policy
  • Terms
  • Copyright © 2022 Megalectrics Limited