Nigeria
Nigerian Government Imposes Electronic Money Transfer Levy on Fintech Users
Customers of popular fintech platforms like Opay, Moniepoint, and Kuda are expressing frustration over the enforcement of the Electronic Money Transfer Levy (EMTL) ...
News
Nigeria: Rand Merchant Bank Nigeria Names Bayo Ajayi as New CEO
The Board of Directors of Rand Merchant Bank (RMB) Nigeria has announced the appointment of Bayo Ajayi as the new Chief Executive Officer, ...
Nigeria
Nigeria’s SEC Targets Unregulated Crypto Exchanges to Protect Investors
Nigeria’s Securities and Exchange Commission (SEC) is set to intensify its enforcement actions against unregulated cryptocurrency businesses, aiming to safeguard investors while fostering ...
Nigeria
Global: Klarna Bank Faces Criticism from FSA Over Money Laundering Risks
Klarna Bank has come under scrutiny from the Swedish Financial Supervisory Authority (FSA) over alleged violations of several financial crime regulations. A redacted ...
Nigeria
Nigeria: SEC Warns Against Capital Market Infractions, Focuses on Regulating Crypto Exchanges
The Securities and Exchange Commission (SEC) has issued a stern warning to individuals and businesses engaging in activities that violate regulations within the ...
Nigeria
Nigeria: CAC Warns PoS Operators of Shutdowns as Registration Deadline Passes
The Corporate Affairs Commission (CAC) has reiterated its commitment to enforcing the registration of Point of Sale (PoS) operators, warning that businesses that ...
Nigeria
Nigeria: CBN Approves $20,000 for Eligible BDCs at N1,580 Exchange Rate
The Central Bank of Nigeria (CBN) has approved the allocation of $20,000 to each eligible Bureau de Change (BDC) operator at an exchange ...
Nigeria
Nigeria: PoS Operators Take Legal Action as Government Registration Deadline Passes
The Association of Mobile Money and Bank Agents in Nigeria (AMMBAN) has filed a lawsuit against the Corporate Affairs Commission (CAC) over its ...
Africa
Africa: Flutterwave Appoints Former Citi Executive Mitesh Popat as CFO to Drive Growth and Financial Sustainability
Flutterwave, Africa’s leading payments technology company, has appointed Mitesh Popat as its new Chief Financial Officer (CFO). With over two decades of experience ...
News
Nigeria: Stanbic IBTC Reports Record-Breaking N84.2bn Pre-Tax Profits in Q2 2024
Stanbic IBTC Holdings has posted its highest-ever quarterly pre-tax profits, amounting to N84.2 billion for the second quarter of 2024. This milestone marks ...