Nigeria
CBN Reaffirms: Banks Prohibited from Using FX Gains for Dividends or Expenses
The Central Bank of Nigeria (CBN) has reiterated its stance that deposit money banks are not permitted to utilize foreign currency gains accrued ...
Regulatory
Global: Crypto.com to Challenge €2.85 Million Fine by Dutch Regulator for Unregistered Operations
Crypto exchange Crypto.com has been slapped with a hefty fine of 2.85 million euros ($3.12 million) by the Dutch central bank, the regulator ...
Nigeria
Nigeria: CBN Directs Banks to Adhere to New Foreign Exchange Policy Reforms
The Central Bank of Nigeria (CBN) has issued a directive to all banks, emphasizing the necessity of strict compliance with recent foreign exchange ...
Regulatory
Global: European Union Lawmakers Pass Groundbreaking Regulation on AI
The European Union Parliament has made history by approving the world’s first significant regulatory framework for governing artificial intelligence (AI), a technology at ...
Nigeria
Nigeria: CAC Strengthens Regulations for Registered Entities to Enhance Service Standards
Hussaini Magaji, the Registrar General of the Corporate Affairs Commission (CAC), has announced that the commission is intensifying its regulatory measures on registered ...
Nigeria
Nigeria: CBN to Impose Sanctions on MfBs for Delayed or Non-Submission of Monthly Returns
The Central Bank of Nigeria (CBN) has issued a stern directive to all Microfinance Banks (MfBs), emphasizing the imperative of promptly submitting statutory ...
Nigeria
Nigeria: CBN Heightens Scrutiny on Banks’ Financial Reports to Combat Financial Crimes
The Central Bank of Nigeria (CBN) has escalated its vigilant oversight of banks to identify any infractions and ensure adherence to existing regulations, ...
Regulatory
Tanzania: London-based Fintech Unlimit Expands into Tanzania Following Approval from Bank of Tanzania
Unlimit, a London-based fintech company, is broadening its footprint into Tanzania after receiving authorization from the Bank of Tanzania (BOT). This strategic move, ...
Regulatory
Global: Sam Altman Reinstated on OpenAI Board Following Trust Breakdown
Sam Altman is set to resume his position on OpenAI’s board after a recent review found no evidence to support his dismissal late ...
Regulatory
Global: Spain Takes Action Against Sam Altman’s Worldcoin, Blocking Data Collection
Spain’s data protection authority, AEPD, has issued a ban on Sam Altman’s cryptocurrency venture, Worldcoin, instructing the company to cease the collection and ...
