Nigeria
Nigeria: Court Halts MTN and Other Telecoms from Disabling SIM Cards Unlinked to NIN
The Federal High Court sitting in Lagos has issued a restraining order against MTN Nigeria and other telecom operators, preventing them from deactivating ...
Nigeria
Nigeria: Senate Advances Bill for Amendment of CBN Act to Second Reading
In a significant legislative move, the Senate conducted the second reading of a bill aimed at amending the Central Bank of Nigeria (CBN) ...
Regulatory
Global: CFPB Gains Supervisory Authority Over World Acceptance
The Consumer Financial Protection Bureau (CFPB) has taken decisive action to establish supervisory authority over installment lender World Acceptance Corp., aiming to ensure ...
Nigeria
Nigeria: CBN to Resume Weekly FX Interventions Through BDCs to Strengthen Naira
In a significant move aimed at bolstering financial stability and reinforcing the value of the naira, the Central Bank of Nigeria (CBN) is ...
Regulatory
Global: EU Implements Instant Payments Regulations to Enhance Financial Accessibility
The European Council has approved a regulation aimed at facilitating instant payments in euros for consumers and businesses across the EU and EEA ...
Nigeria
Nigeria: CBN Sells Over $300 Million to Banks as Naira Strengthens
The Central Bank of Nigeria (CBN) has injected over $300 million into Deposit Money Banks over the past two weeks in a bid ...
Nigeria
Nigeria: CBN Requires Disclosure for FX Sales of $10,000+ to BDCs
The Central Bank of Nigeria (CBN) has issued a directive mandating sellers of foreign exchange (FX) to Bureau De Change (BDC) entities for ...
Nigeria
Nigeria: CPPE Advocates for CBN to Fix Customs Duty Exchange Rate at N1000/$
The Centre for the Promotion of Private Enterprise (CPPE) has urged the Central Bank of Nigeria (CBN) to set the customs duty exchange ...
Nigeria
Nigeria: CBN Prohibits Commercial Banks and Others from Owning BDCs, Raises License Fee
In an effort to stabilize the naira exchange rate, the Central Bank of Nigeria (CBN) has introduced revised regulatory and supervisory guidelines for ...
Nigeria
Nigerian Government Implements Restrictions on Binance, Coinbase, Kraken, and Other Crypto Platforms
In response to a currency crisis and ongoing challenges with the local currency (Naira), the Nigerian government has taken measures to block access ...
