Regulatory
Global: US Senate Approves Bill to Block Federal Reserve CBDC Issuance Until 2030
The United States Senate has passed legislation that would prohibit the Federal Reserve from issuing a central bank digital currency (CBDC) until at ...
Nigeria
Nigeria: Distrust in Government Driving Tax Resistance in Nigeria – Joseph Tegbe
Joseph Tegbe, Chairman of the National Tax Policy Implementation Committee (NTPIC), has said Nigeria’s long-standing tax compliance challenges are largely driven by weak ...
Nigeria
Nigeria: CBN Mandates Liveness Checks, Transaction Controls for Mobile and Online Banking
The Central Bank of Nigeria (CBN) has introduced new security measures requiring banks and payment service providers to strengthen fraud controls across mobile ...
Nigeria
Nigeria: CBN Mandates Automated Systems for Detecting and Reporting Suspicious Transactions
The Central Bank of Nigeria (CBN) has introduced new regulatory guidelines requiring banks and other financial institutions to deploy automated systems capable of ...
Nigeria
Nigeria’s External Reserves Rise Above $50bn, Highest in Over a Decade — CBN
Nigeria’s gross external reserves have exceeded the $50 billion mark, reaching their highest level in more than 13 years, according to the Central ...
Ghana
Ghana Launches Crypto Sandbox as Virtual Asset Law Takes Effect
Ghana has taken a significant step toward regulating its digital asset ecosystem as the Securities and Exchange Commission Ghana (SEC) admitted 11 cryptocurrency ...
Nigeria
Nigeria: NIMC Enables Nigerians Abroad to Obtain NIN Through Overseas Enrolment Centres
The National Identity Management Commission (NIMC) has announced that Nigerians living abroad can now obtain their National Identification Number (NIN) remotely through accredited ...
Africa
Africa: ECA, Partners Strengthen Nigeria’s Legislative Capacity for AfCFTA Implementation
The United Nations Economic Commission for Africa (ECA), through its African Trade Policy Centre (ATPC), has partnered with the National Institute for Legislative ...
Nigeria
Nigeria: CBN Extends Timeline for Banks to Implement Automated AML Compliance Systems
The Central Bank of Nigeria (CBN) has extended the timeline for financial institutions to comply with its newly issued baseline standards for automated ...
Nigeria
Nigeria: Tech Innovation and Digital Commerce Are Reshaping Modern Markets — FCCPC Chief
Tunji Bello, Executive Vice-Chairman and Chief Executive Officer of the Federal Competition and Consumer Protection Commission (FCCPC), says rapid technological innovation and the ...