Regulatory
Global: Singapore Unveils Digital Platform to Combat Money Laundering
The Monetary Authority of Singapore (MAS) has introduced a centralized digital platform named Cosmic, aimed at enabling financial institutions to exchange customer information ...
Ethopia
Ethiopia: Deloitte Granted First Securities Advisor License in Ethiopia
Deloitte, a renowned global consultancy and audit firm, has been awarded the inaugural securities investment advisor license by the Ethiopian Capital Market Authority ...
Nigeria
Nigeria: CBN Increases Minimum Capital Requirement for Commercial Banks to N500 Billion
The Central Bank of Nigeria (CBN) has announced a new minimum capital requirement for banks, raising the bar for commercial banks with international ...
Nigeria
Nigeria: CBN Introduces New Minimum Capital Requirements, Grants Banks 24 Months for Recapitalization
Following recent calls for Nigerian banks to expedite their recapitalization efforts to fortify the financial sector, the Central Bank of Nigeria (CBN) has ...
Nigeria
Nigeria: Concerns Mount Over Nigeria’s Rising Debt, Posing Challenges to CBN Policy
As Nigeria’s public debt continues to surge, financial analysts and public affairs experts are increasingly alarmed by the potential ramifications, fearing that the ...
Regulatory
Global: Portugal Temporarily Bans Worldcoin Over Privacy Issues
Portugal has imposed a temporary ban on Worldcoin, the crypto biometric project spearheaded by OpenAI’s Sam Altman, citing concerns regarding data privacy. This ...
Nigeria
Nigeria: NCC Maintains SIM-NIN Deadline, Telcos to Bar Unlinked Lines by Friday
Telecommunication companies are set to disconnect more Subscriber Identity Module (SIM) numbers not linked to National Identification Numbers (NIN) by Friday, March 29, ...
Regulatory
Global: FCA Reminds Financial Services Firms and Influencers to Adhere to Social Media Ad Laws
The UK’s Financial Conduct Authority (FCA) has issued a warning to financial services firms and “finfluencers,” urging them to ensure that their social ...
Nigeria
Nigeria: CBN Urges Swift Action on Recapitalization for Banks
The Central Bank of Nigeria (CBN) has urged Deposit Money Banks (DMBs) across the country to expedite their efforts to bolster their capital ...
Nigeria
Nigeria: CBN Reduces BDC Exchange Rate to N1,270/$
The Central Bank of Nigeria (CBN) has implemented a 3.4 percent reduction in the exchange rate within the Bureaux De Change (BDC) segment ...