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Victor Abiola

@victor_abiolaa

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LL.B🎓|Blockchain Business Development & PR| I Simplify Web 3. | Passionate about Leadership. | Also Creating Magic @farmhub_agro

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Joined May 2017
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@victor_abiolaa
Victor Abiola
2 years
NFTS EXPLAINED TO A 4-YEAR-OLD. 10 ways of Explaining NFTs, in the Simplest ways possible, by VICTOR ABIOLA. A Sweet THREAD. The Buzz about NFTs has become really disturbing. My friends have had to ask me, what is this NFT thing, people have been saying all around.
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@victor_abiolaa
Victor Abiola
2 years
I hope this Article helps, in getting a good head start in your NFT Journey. Drop your questions, thoughts and comments. Remember to RT & share to someone that might need this.
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@victor_abiolaa
Victor Abiola
2 years
A MARKETPLACE is basically like the “Art Gallery” where you go to exhibit, bid and buy your NFTs. The most popular NFT MARKETPLACE at the point of this writing is called OPENSEA. The website is .
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@victor_abiolaa
Victor Abiola
2 years
1. NFT is an abbreviation for NON-FUNGIBLE TOKENS. “Non- Fungible” is simply an English word, synonym for something that is Unique and also means that there can only be one version of it. 1$ Note is Fungible,
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@victor_abiolaa
Victor Abiola
2 years
meaning there are tons of 1$ notes printed and if I exchange 1$ note with another 1$ note, I will still get the same thing and the same value. However, If I have the Mona Lisa Painting, that is Non-Fungible! There is only one of the Original Painting. If I decide to exchange it,
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@victor_abiolaa
Victor Abiola
2 years
Now, how do I explain without mentioning Terms like Metaverse, Web3 and the rest of these Jargons. In this article, I will Explain NFTs in the simplest way, even a 4-year-old will understand or at least, I will try. Here are 10 Things to simply understand NFTs like a 4-year-old.
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@victor_abiolaa
Victor Abiola
2 years
it can simply mean a unique tangible representation or a ticket of a particular digital piece of art. Now, NFTs can be in form of an ART, MUSIC, VIDEO or any form of art or piece created.
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@victor_abiolaa
Victor Abiola
2 years
7. How do you make money via NFTS? I know this is the part that might you get more interested. See you, you like money too much. Well, who doesn’t? Like earlier stated, there are different players in the NFT space. You can either be a Creator or Collector/Buyer.
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@victor_abiolaa
Victor Abiola
2 years
However, there are several Marketplaces on the Internet, there is RARIBLE, SOLANART, BINANCE NFT MARKETPLACE and others. On these Marketplaces, as a Creator, you can go and exhibit or sell your NFT and as a buyer or collector, buy an NFT.
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@victor_abiolaa
Victor Abiola
2 years
I cannot get the same Original Mona Lisa Painting again. Any other version will be fake or a duplicate. “Token” on the other hand, can be referred to a thing, serving as a tangible representation or a voucher or a ticket for something. Thus, if you put the two together,
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@victor_abiolaa
Victor Abiola
2 years
I even heard an Airline is also offering extra meals and other services to holders of their NFTs. The list is numerous.
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@victor_abiolaa
Victor Abiola
2 years
Nothing to see here, just God answering my prayers 6 months later. My Mum always prayed for us that we will buy our own Car & build our own houses. I’m glad she was also there to witness one of these Milestone prayers. Also a reminder that Hardwork pays & Prayer works.❤️
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@victor_abiolaa
Victor Abiola
3 years
With the amount of Sun that scorched me before I finally saw Okada yesterday, I will have my personal car by this time next year. 🙏
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@victor_abiolaa
Victor Abiola
2 years
2. For easy understanding, when you think of NFTs, I want you to think to think of Artwork Collections in a Physical Art Gallery. For example, Nike Art Gallery in Nigeria or Louvre Museum in France.
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@victor_abiolaa
Victor Abiola
2 years
Each Marketplace stipulate the exact digital money or Cryptocurrency they will accept for you to exhibit or purchase an Art from them. For Example, OPENSEA collects strictly ETHEREUM, While SOLANART collects Solana and BINANCE NFTMARKETPLACE collects Bnb, Busd and Usdt.
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@victor_abiolaa
Victor Abiola
2 years
3. There are different players when it comes to the NFT space. You can either be a “Creator” or a “Collector”. Creators, as the name implies are those that create the Arts (The NFTs) While “Buyers” or “Collectors” are those that buy from them.
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@victor_abiolaa
Victor Abiola
2 years
4. Now, that you understand that NFTs are basically what we do in the Art Galleries in the physical world, but it is done here in the digital world. Now, where do we go to buy and sell these Arts on the Digital space? That place is called MARKETPLACE.
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@victor_abiolaa
Victor Abiola
2 years
Now, when you understand what they do in Art Gallery, it becomes easier- Creating Arts, Holding Exhibitions. Bidding, sale and collections of these Arts and everything else they do in a physical Art Gallery.
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@victor_abiolaa
Victor Abiola
2 years
NFTs are basically the Digital representation of what we do in Art Galleries, well, just with a little bit of more frenzy and advantages.
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@victor_abiolaa
Victor Abiola
2 years
that even when it gets resold from another person to the next, you will still get a particular amount of money, like a royalty. Yes, it is that nice.
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@victor_abiolaa
Victor Abiola
2 years
Some Creators who are Musicians or Artistes gives the collectors of their NFTs free access to their Live physical events and shows. @falzthebahdguy & @headsbybnxn @BNXN are doing something related with their NFTs.
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@victor_abiolaa
Victor Abiola
2 years
Some have argued that there is a difference between a Buyer and a Collector. They say Buyers are those that just buy and resell almost immediately the price or the value of the NFT has increased and they make their Profits,
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@victor_abiolaa
Victor Abiola
2 years
while Collectors are those that buy these arts and keep for long-term. (maybe hoping to sell in the future or just having it in their possession)
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@victor_abiolaa
Victor Abiola
2 years
The Blockchain will show all the information concerning the NFT which will include the Creator, the current owner, the history of how the NFT came to existence and the different prices it has been sold for.
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@victor_abiolaa
Victor Abiola
2 years
5. Of course, when you go to a physical Art Gallery to purchase an Artwork, you hold your money. Now, in the digital Art Gallery of NFTs which is The Marketplace, you hold your digital money too which are Cryptocurrencies. Different Marketplaces accept different Digital Money.
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@victor_abiolaa
Victor Abiola
2 years
Another good thing? It is available for everyone to see. Thus, when someone claims to own an NFT, you can easily check on the Blockchain Technology Network to confirm the authenticity.
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@victor_abiolaa
Victor Abiola
2 years
If you are a Creator, you can create a Collection of different NFTs. Each of these NFTs in this collection will be going for a price you set it at and when a buyer sees and buys it, you make your money.
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@victor_abiolaa
Victor Abiola
2 years
it is stored on the Blockchain Technology Network, which will serve as a ledger or a record keeping book to show the originality and the authenticity of the NFT.
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@victor_abiolaa
Victor Abiola
2 years
As a buyer or Collector, It is always advisable to know the particular NFT you want to buy already before entering the Marketplace, so you that you do not get confused by the myriads of NFTs you see on these Marketplaces.
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@victor_abiolaa
Victor Abiola
2 years
As a Collector or a buyer, when you purchase an NFT, you become the owner and you also decide the price you want to resell it and another juicy part is that, there is a feature that comes in selling NFT,
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@victor_abiolaa
Victor Abiola
2 years
6. I get many questions like since all these Arts Are Digital, can’t someone easily just download them or even take a screenshot or a screen record of them. That is where the Blockchain Technology comes in.
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@victor_abiolaa
Victor Abiola
2 years
The Blockchain Tech. is one of the best things to happen in the digital space at large. When an NFT or a digital Art is created,
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@victor_abiolaa
Victor Abiola
2 years
As such, you need to know the type of money the Marketplace you are going to use collects to be able to exhibit or buy your NFT.
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@victor_abiolaa
Victor Abiola
3 months
@hackSultan I have a friend that stays in Poland, I told him I’ll come over to visit soon & he randomly just asks if it was next week. I first burst laugh. Months Oga, Months!!😭😅
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@victor_abiolaa
Victor Abiola
2 years
8. It should be noted however, that NFTs are not only for you to make money and buy and sell. It also has great benefits, subject to different NFTs and what they offer.
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@victor_abiolaa
Victor Abiola
5 years
I took these Awesome Pictures of @iam_YCee yesterday at the FALZ UI COMEBACK CONCERT sponsored by @FirstBankngr The Energy was crazy. Help RT & Tag @iam_YCee to see them please.🙏
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@victor_abiolaa
Victor Abiola
2 years
10. The truth is, whether we like it not, NFTs are here to stay. However, not all NFTs will do well, as a matter of fact, many will not last. Having the right amount of knowledge on how to operate in the space will help you go a long way.
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@victor_abiolaa
Victor Abiola
2 years
9. I will be mentioning and explain some popular terms used in NFTs Transactions. FLOOR PRICE. This simply means the lowest amount you can purchase an NFT in a particular Collection of NFTs.
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@victor_abiolaa
Victor Abiola
2 years
So after it is launched on their website, some of the people who are privy to that website can buy it there and that is called “minting”- basically buying it before becomes very public.
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@victor_abiolaa
Victor Abiola
2 years
RUG PULL. This is basically when someone creates a fake or duplicate of a real NFT, claims to be the owner and decide to sell it. The buyer that buys it, is said to have been rug-pulled. He has been scamed and bought a Fake NFT.
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@victor_abiolaa
Victor Abiola
1 month
Little Excerpts from Today, at Ibadan during the #EndBadGovernaceInNigeria Peaceful Protest. We came to lend our voice against the Bad Governance in the Country. People are suffering & hungry, with so much hardship. Big Kudos to the Nigeria Police Force in Ibadan.. They guided
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@victor_abiolaa
Victor Abiola
2 years
WL {WhiteList}. This is more like a ticket or access that Creators give buyers to go mint on their website before it becomes public on Marketplaces.They get more advantage because the price will most likely be cheaper on their website, before it goes on public on the Marketplace.
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@victor_abiolaa
Victor Abiola
2 years
MINT. Most of the time, Creators love to launch their NFTs on their personal website before launching it on these popular Marketplaces.
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@victor_abiolaa
Victor Abiola
2 years
There are others terms, but I will stop here. You can easily do more of your own research about these terms.
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@victor_abiolaa
Victor Abiola
4 years
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@victor_abiolaa
Victor Abiola
2 years
@HALIMAT_ATHUKE Thank you very much, Halimat. I’m glad you could follow through and understand. ❤️
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@victor_abiolaa
Victor Abiola
2 years
Since many people seem to be interested in NFTs,it is however important to get a basic of understanding of Crypto if you to start your NFT Journey.I’ll be dropping an Article or a Thread explaining Crypto in the simplest way to understand. Turn on my notifications not to miss it.
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@victor_abiolaa
Victor Abiola
2 years
Last month, I officially got accepted as a Rep & Affliate for Binance in Africa. If you don’t have a Binance account & you wish to get one. Send me a Dm. I’ll also teach you step by step on how to get started in your Crypto Journey 😊 cc: @binance @BinanceAfrica @cz_binance
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@victor_abiolaa
Victor Abiola
2 years
25 SMART MONEY DECISIONS THAT HELPED ME INCREASE MY NET WORTH. I decided to share you 25 short tips that has helped me personally grow my Financials at least with 200% increase in 3 Months. Some of these Tips were also learnt after I watched Smart Money Woman by @smartmoneyarese
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@victor_abiolaa
Victor Abiola
1 year
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@victor_abiolaa
Victor Abiola
2 years
@_Oluwatomisin9 As a Creator, You can decide to list it on your Website and give WL to certain people to mint it or you can go on any of these Popular Marketplaces and list it there.
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@victor_abiolaa
Victor Abiola
1 month
For Ibadan Protesters. 1. Meetup ground for August 1 Protest is Rosewale Filling Station & Mr Biggs Roundabout, Iwo-Road. Movement towards Agodi Secetariat. Time is 7am. 2. It is A PEACEFUL PROTEST & any iota or form of Violence will be apprehended by the Police. 3. Oyo
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@victor_abiolaa
Victor Abiola
1 month
@PrinceYemiMike @ESPNAfrica If I was in charge, they would lose their jobs before the Olympics ends.
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@victor_abiolaa
Victor Abiola
4 years
If this crosses on your TL, say me a Prayer, it's my Birthday😊🎉🎉❤️❤️ 📸: @folarin_flo
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Victor Abiola
2 months
GRACE of EASE, I receive. May I experience “that” I seek accompanied by ease... May it be easy for me. 🙏
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@victor_abiolaa
Victor Abiola
5 years
The Joy that comes with reciting the GREAT IFE Anthem. Commissioner for Youths & Sports, Oyo State, Seun Fakorede @TheSeunFakorede at his Alma Mater to receive award of Youth excellence by the Ooni Of Ife. Pictures shot by myself. Kindly help Retweet & mention @TheSeunFakorede .
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@victor_abiolaa
Victor Abiola
2 years
IS CRYPTOCURRENCY TRADING LEGAL IN NIGERIA??? An Average Youth’s Question. A Legal Point of View. -By Victor Abiola. A SWEET THREAD.👇🏾👇🏾👇🏾👇🏾
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@victor_abiolaa
Victor Abiola
2 years
Happy to have Finally completed my National Youth Service.Back at the Camp, I headed the Skill Acquisition and Entrepreneurship Development. (SAED) Team& was a member of OBS & after camp,I was part of the Research Team that helped in a project in my LEGAL AID CDS.Unto the next!🚀
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@victor_abiolaa
Victor Abiola
2 years
CRYPTO; 15 BASIC THINGS YOU NEED TO UNDERSTAND BEFORE YOU START. By Victor Abiola. A Sweet Thread 🧵
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@victor_abiolaa
Victor Abiola
4 years
1. @TemiOtedola Fine abeg!! @LolaMaja too tried with the Subtle & Clean Makeup ✊🏽 2. Too much Yoruba coming from Temi was unnecessary, I just dey laugh 😂 3. Her French was 💯 @kunleafolayan @gabbylucciii @IbukunAwosika #CitationTheMovie #CitationNetflix
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@victor_abiolaa
Victor Abiola
5 years
I took these Awesome Pictures of @falzthebahdguy at The FALZ UI COMEBACK Concert yesterday organized by @FirstBankngr . If you were at the Concert, you'll know the Energy was crazy!! Help RT & Tag @falzthebahdguy & @FirstBankngr to see these images please.🙏
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@victor_abiolaa
Victor Abiola
1 year
As a Tech Enthusiast, I’m grateful that we’re about to build our first Tech product for my AgroTech Company. It will be User friendly, Customer centric & will support Blockchain. The goal is to explore the full of possibilities of Agriculture through Tech. Watch out. 💚
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@victor_abiolaa
Victor Abiola
3 years
LL.B (Hons) Obafemi Awolowo University. ✅ AciarbUK (in view) BL (in view) LL.M, Intellectual Property & Tech. (in view) Msc, International Agribusiness Management. (in view) MSc, Agricultural Technology and Innovation. (in view) Plenty money (in view) So help me GOD.
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@victor_abiolaa
Victor Abiola
2 years
@DonnelAlison @O_basslet It’s not that. When you’ve complained too much. You get tired at some point especially when it seems you’re complaining to deaf ears.
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@victor_abiolaa
Victor Abiola
4 years
6th day of Lockdown & Social Distancing I Stepped outside my compound, I saw these Children playing in the neighborhood;They've been asked to Stay indoors since morning, when they had the opportunity to step out in the evening, you could tell they missed playing with each other.
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@victor_abiolaa
Victor Abiola
6 months
I’ll be sharing some $PORTAL to some Binance users here. If you don’t have a Binance account, download the App from Google Playstore or AppStore and signup. Just RT & Drop a comment if you want. I’ll be picking at random. #PORTAL #Binance #Airdrops
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@victor_abiolaa
Victor Abiola
3 years
@DhDoge @Blueof9 @crypto_birb You sold ALL your BNB to buy DOGE? Lol. Everyone knows #BNB has a greater potential in longterm than DOGE. You probably shouldn’t have sold all
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@victor_abiolaa
Victor Abiola
3 months
@UnkleAyo Experienced something similar in Lisbon. 11pm, Colombos Mall- This was an obvious Transgender. He/she had broad faces muscular arms and legs with surgical breasts & makeup on. Beckoned on me with one rubbish smile & saying Hello to me with one baritone voice like that. I gave a
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@victor_abiolaa
Victor Abiola
5 months
I have N50,000 to give out on this space. Drop a comment, RT. Just Let me know if you’re up. More details coming later.
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@victor_abiolaa
Victor Abiola
2 months
@mrfestusogun @FOLegal Let’s go!🚀🚀 Add Ibadan to it. I’ll render the support I can here to.
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@victor_abiolaa
Victor Abiola
4 years
@EditiEffiong I lowkey knew this was going to be a problem. You cannot consist a Judicial setting of enquiries without having a good background of the Law. This old people will cheat us one more time. Young, sound Lawyers that wouldn't be compromised should be on that board!!!
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@victor_abiolaa
Victor Abiola
2 years
@__olumide_ Thank you bro, glad you could understand.
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@victor_abiolaa
Victor Abiola
1 year
I’ll be speaking at CODES, CHARTS & COCKTAILS Tomorrow with some amazing people, organized by @women_in_defi
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@victor_abiolaa
Victor Abiola
4 months
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@AESTHETE8888
𝒮🌸🧚🏽🦋
4 months
Dear Men, bless us with some JPEGS.😘🤗
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@victor_abiolaa
Victor Abiola
4 months
@mrfestusogun I’ve been confused 😂 Thank you for the clarity.
@victor_abiolaa
Victor Abiola
4 months
Thank you for the insightful analysis. However, I’m confused about the percentage, the Act says 0.005, but 0.5 is making the news. I don’t think 0.005% is the same as 0.5%. - here’s also, some of my concerns.
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@victor_abiolaa
Victor Abiola
6 months
@BinanceAfrica No need for panic. Everything still works perfectly well. How many of us actually trade NGN/USDT before this message? Other coins, products & services are working perfectly! Stay Bullish on Binance! 💛
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@victor_abiolaa
Victor Abiola
4 months
@Mrpossidez GOAT for a reason. I have different shades of him as my wallpaper for 3 years straight now. We may not see any player like him ever again. I’ll definitely meet him this year or in 2025. That’s one thing I’m sure about. He’s everything good personified! ✨
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@victor_abiolaa
Victor Abiola
1 year
@UnkleAyo I can relate. God really bless the Indians- I remember taking a course in Photography & Learning how to use Photoshop. It was an Indian (Piximperfect) that did the Magic for me on YouTube.
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@victor_abiolaa
Victor Abiola
2 months
Our AgroTech Company @Farmhub_agro is celebrating 4 Years today & looking at the theme for this year’s celebration, I’m really just thankful. 🙏
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@victor_abiolaa
Victor Abiola
1 year
Yesterday, at #CCCIBADAN organized by @women_in_defi , I was honored to be part of the Panelists where I discussed about Balancing Work,Life &School while building a successful career in Crypto, also how we can incorporate Crypto &Blockchain Education into our Educational system.
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@victor_abiolaa
Victor Abiola
2 years
For showing up everyday even on the not so good days, For Working Multiple Jobs just to make Ends Meet, For serving in Leadership Positions to serve God & the betterment of Humanity, Thank you for all these Graces, Jesus ✨ It’s my Birthday, Remember me in your Prayers. 🎈
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@victor_abiolaa
Victor Abiola
5 years
A Campaign Shoot for a friend who makes Adire Designs & African Prints Jackets. The Pictures & The Clothes looks nice, yeah? Help RT!!!🙏 #WeAreNigerianCreatives #Photoshoot #CampaignShoot #Photographer #PicOfTheDay #TuesdayThoughts #Purisima #PurisimaShotIt 💥
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@victor_abiolaa
Victor Abiola
1 month
For Ibadan Protesters. Day 3. 1. Meetup point, beside Rosewale Filling station, Iwo road. 8am. 2. People are now coming out in numbers and it’s peaceful as always, @OyoPoliceNG have been very supportive, so come join us. 3. If I already promised you the customized shirt,
@victor_abiolaa
Victor Abiola
1 month
Little Excerpts from Today, at Ibadan during the #EndBadGovernaceInNigeria Peaceful Protest. We came to lend our voice against the Bad Governance in the Country. People are suffering & hungry, with so much hardship. Big Kudos to the Nigeria Police Force in Ibadan.. They guided
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@victor_abiolaa
Victor Abiola
1 year
BLOCKCHAIN POLICY APPROVAL IN NIGERIA; A STEP IN THE RIGHT DIRECTION. 10 things you should easily understand. By Victor Abiola. A THREAD.
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@victor_abiolaa
Victor Abiola
4 years
@Donnasplaceng @EditiEffiong This is not a matter of intimidation. You can't give what you don't have. If they don't know what to ask, how to ask, when to ask and the reason you're asking, it's a problem. There's need for a background legal knowledge or at least be groomed well by Lawyers.
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@victor_abiolaa
Victor Abiola
2 years
Babe, tell your man to step down. Emi lokan 😌
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@victor_abiolaa
Victor Abiola
5 months
So let’s go! 5k to 10 people. Here’s the task to win. Simple. NB: Must be Following @Farmhub_agro & you must Like & RT this post. 1. Tell me one thing you LOVE about Farmhub Agro Services ( @Farmhub_agro ) - maybe what you’ve heard about the brand or what you’ve
@victor_abiolaa
Victor Abiola
5 months
I have N50,000 to give out on this space. Drop a comment, RT. Just Let me know if you’re up. More details coming later.
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@victor_abiolaa
Victor Abiola
5 years
BEACH LIFE!! @LandmarkEC Beach looking like the overseas.😍 What do you think? Like & RT?🤗
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@victor_abiolaa
Victor Abiola
6 months
@binance I’ll take little out to buy a car each for my Parents & leave the rest to HODL for longterm.
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@victor_abiolaa
Victor Abiola
2 months
A while ago, at the Cash Landing event organized by SOLANA’s SupaTeamNG @SuperteamNG in Ibadan. I explained the benefits and Finance aspect of Cryptocurrency to a great audience of young people. We’re still early! 💚 cc: @solana @SuperteamNG @ESamueltrades
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@victor_abiolaa
Victor Abiola
2 years
Based on this Thread, many now understand one or two things about NFTs, but many seems to have problem with how to turn their image into an NFT & launch it on a Marketplace. Here’s a link to a video on YouYouTube explaining step by step to do that. #Nfts
@victor_abiolaa
Victor Abiola
2 years
NFTS EXPLAINED TO A 4-YEAR-OLD. 10 ways of Explaining NFTs, in the Simplest ways possible, by VICTOR ABIOLA. A Sweet THREAD. The Buzz about NFTs has become really disturbing. My friends have had to ask me, what is this NFT thing, people have been saying all around.
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@victor_abiolaa
Victor Abiola
2 years
In School Out School.
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@Annie_od_
Annie
2 years
LAW STUDENTS THREAD? Let’s have it🫣❤️🫶. In school Outside school
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@victor_abiolaa
Victor Abiola
11 months
For the Graces, Resources, Tenacity & Consistency I’ve received in the last year, Thank you Jesus. Now to a Renewed strength & to more Greater Things in the New Year. 🙏 🧡 07-10! 🎂
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@victor_abiolaa
Victor Abiola
5 months
I think Trading Crypto is one of the easiest way to make money in this life. You just need good information & Patience. That’s all. No compulsory tech skills or high-end brain power. Just Buy and HODL. #WAGMI
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@victor_abiolaa
Victor Abiola
4 months
@Mrpossidez That insult part during a fight or an argument is one sign that should never be ignored! The moment they start using derogatory names for you or start sounding unnecessarily condescending, please run or stay far from such person, No matter the relationship you have with the
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@victor_abiolaa
Victor Abiola
2 years
If you have no idea of how Crypto works & you want to learn. Send me a Dm. I’ll explain it you in layman’s terms in the best way you will understand, for FREE. I’m taking the first 20 people for this month. I guess I’ll be doing this once every month.
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@victor_abiolaa
Victor Abiola
8 months
AltLayer [ALT] on Binance Launchpool; 5 Important things you need to know about it and other future Launcpool Projects. -by VICTOR ABIOLA. A great thread. 🧵
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@victor_abiolaa
Victor Abiola
2 years
I have 3x WL Tickets for @polychainmon Just Like, RT & tag just 1 friend Comment why I should give you the WL in the comment section. You must be following @victor_abiolaa & @polychainmon I’ll be doing more WL giveaway in the coming days. Remember to turn on Notifications.
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@victor_abiolaa
Victor Abiola
3 months
@Ketso28 You’re obviously speaking for yourself, there’s no guy in my circle that we don’t grow together, hold ourselves accountable, give emotional support, show up for each other even at times it’s isn’t convenient, share gifts & yes, even confront each other and call ourselves on our
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@victor_abiolaa
Victor Abiola
4 months
Thank you for the insightful analysis. However, I’m confused about the percentage, the Act says 0.005, but 0.5 is making the news. I don’t think 0.005% is the same as 0.5%. - here’s also, some of my concerns.
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@LekeOlushuyi
'Leke Olushuyi
4 months
On Monday, May 6 2024, the Central Bank of Nigeria (CBN) issued a circular to banks concerning the collection and remittance of cybersecurity levy. The key takeaway is that a 0.5% levy will be deducted on electronic transactions: In case you missed it, here is the summary.
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