Nigeria
Nigeria: PenCom Halts PFAs’ Investments in Commercial Papers Amid Regulatory Concerns
The National Pension Commission (PenCom) has instructed Licensed Pension Fund Administrators (LPFAs) and Custodian Fund managers to suspend any further investments in commercial ...
Nigeria
Nigeria: CBN Confirms No Deadline on Old Naira Notes Circulation
The Central Bank of Nigeria (CBN) has clarified that there is no set deadline for the use of old N200, N500, and N1,000 ...
Ghana
Ghana: eCedi Pilot Records GH₵473 Million in Transactions – Bank of Ghana
The Bank of Ghana’s eCedi pilot program has reached a significant milestone, achieving a transaction value of GH₵473 million across over 96,000 transactions ...
Nigeria
Nigeria: Federal Government Drops Money Laundering Charges Against Binance Executive Tigran Gambaryan
In a significant development, the Federal Government of Nigeria has withdrawn the money laundering charges against Tigran Gambaryan, a senior executive at Binance ...
Regulatory
South Africa’s Regtech Market Projected to Reach R5.3 Billion Amid Greylisting Challenges
South Africa’s regulatory technology (regtech) market is poised for significant growth, expected to rise by 27.7% annually, reaching $302.31 million (R5.3 billion) in ...
Kenya
Kenya Revenue Authority Set to Launch WhatsApp Chatbot for Tax Invoicing
The Kenya Revenue Authority (KRA) is set to unveil a WhatsApp chatbot designed to help small business owners generate electronic tax invoices directly ...
Africa
Africa: Afreximbank Advocates for AI-Driven Compliance to Strengthen African Trade
The African Export-Import Bank (Afreximbank) is championing the integration of artificial intelligence (AI) into financial and regulatory processes to enhance compliance and bolster ...
Nigeria
Nigeria: PenCom Provides Update on Private Sector Compliance in Q2 2024
The National Pension Commission (PenCom) has released its report on private sector compliance with the Contributory Pension Scheme (CPS) for the second quarter ...
News
Nigeria: IMF Urges Nigeria to Prioritize Expanding Tax Revenue
The International Monetary Fund (IMF) has called on the Nigerian government to implement a more effective tax collection system to expand its revenue ...
News
Nigeria: New Non-Resident BVN Platform to Ease Banking for Nigerians Abroad
The Nigerian Inter-Bank Settlement System (NIBSS) is set to launch a new platform for non-resident Nigerians in December 2024, making it easier for ...