Nigeria
Nigeria: NDPC Gives Banks, Insurers, and Gaming Firms 21 Days to Comply with Data Protection Law
The Nigeria Data Protection Commission (NDPC) has issued a 21-day ultimatum to banks, insurance firms, pension operators, gaming companies, and brokers suspected of ...
Regulatory
South Africa Reserve Bank Opens National Payments System to Fintechs
The South African Reserve Bank (SARB) has taken a landmark step in transforming the country’s financial sector by opening its National Payments System ...
Nigeria
Nigeria’s FCCPC Tightens Rules for Digital Lenders to Safeguard Borrowers
Nigeria’s digital lending sector is set for a major shake-up as the Federal Competition and Consumer Protection Commission (FCCPC) rolls out new regulations ...
Nigeria
Nigeria: PenCom Bars PFAs from Investing in Banks’ AT1 Capital Instruments
The National Pension Commission (PenCom) has issued a directive prohibiting Pension Fund Administrators (PFAs) from investing pension assets in Additional Tier-1 (AT1) capital ...
Africa
Africa: Stanbic Bank Names Joshua Oigara to Lead East Africa Operations
Stanbic Bank has announced the appointment of Joshua Oigara as the new Regional Chief Executive for East Africa, a role that will see ...
Nigeria
Nigeria: Finance Minister, CBN Governor Pledge Stronger Policy Synergy to Bolster Economic Stability
Nigeria’s economic reform agenda gained renewed momentum on Tuesday as the Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, ...
Nigeria
Nigeria: SEC, NAICOM Forge Strategic Alliance to Drive Insurance Recapitalisation
Nigeria’s ongoing insurance industry recapitalisation has gained momentum as the National Insurance Commission (NAICOM) and the Securities and Exchange Commission (SEC) pledged closer ...
Kenya
Kenya: KCB Retains Share of NBK Assets Following Access Bank Acquisition
KCB Group, Kenya’s largest bank by assets, has retained a portion of National Bank of Kenya’s (NBK) loan book, deposits, and select customers ...
Nigeria
Nigeria: NCC Holds Firm on 70% Broadband Penetration Target Despite Mounting Challenges
With just four months to the close of the National Broadband Plan (NBP) 2020–2025, the Nigerian Communications Commission (NCC) is standing by its ...
Nigeria
Nigeria: FIRS Cautions Taxpayers Against Concealing Transactions Under New E-Invoicing System
The Federal Inland Revenue Service (FIRS) has cautioned taxpayers against attempting to conceal transactions under the newly launched National E-Invoicing Solution (Merchant-Buyer Model), ...