Nigeria
Nigeria: NCC Urges States to Reduce Telecom Taxes to Boost Industry Growth
The Nigerian Communications Commission (NCC) is calling on states and local government councils nationwide to reconsider the taxes imposed on telecom companies, warning ...
Nigeria
Nigeria: CBN Proposes Establishment of “Gateway Bank” to Oversee Correspondent Banking Activities
The Central Bank of Nigeria (CBN) has unveiled plans to introduce a unified foreign currency (FCY) gateway bank to streamline all correspondent banking ...
Global
Global: EU Nears Finalization of AI Act Technical Details Amid Concerns Over Biometric Surveillance
The European Union’s Artificial Intelligence Act has reached its final stages, with EU countries reaching an agreement on its technical details last Friday. ...
Nigeria
Nigeria: FCCPC Raises Alarms Over Violations by Loan Apps Despite Regulations
The Federal Competition and Consumer Protection Commission (FCCPC) has voiced concerns regarding a surge in violations of its Limited Interim Regulatory/Registration Framework and ...
Ghana
Bank of Ghana Approves RightCard for Remittance Services to Ghana
RightCard Payment Services Limited, also known as LemFi, has received official approval from the Bank of Ghana (BoG) to resume its remittance services ...
Nigeria
Nigeria: CBN Governor Foresees Mobile Money and Digital Lending Driving Service Sector Growth in 2024
Olayemi Cardoso, the Governor of the Central Bank of Nigeria (CBN), anticipates that mobile money and digital lending will serve as catalysts for ...
Nigeria
Nigerian Government Expands Technological Deployment to Enhance Public Infrastructure Efficiency
The Federal Government of Nigeria has unveiled new avenues for technological deployment aimed at enhancing efficiency across various sectors within the country. Minister ...
Nigeria
Nigeria: Central Bank of Nigeria Governor Discloses $2.4 Billion FX Backlog Comprised of Non-Existing Entities and Infractions
Dr. Olayemi Cardoso, the governor of the Central Bank of Nigeria (CBN), revealed that a substantial portion of the $7 billion foreign exchange ...
Nigeria
Nigeria: CBN Refutes Claims of Converting Domiciliary Accounts to Naira
The Central Bank of Nigeria (CBN) has categorically denied any plans to convert US dollar domiciliary accounts into naira, as indicated in a ...
Nigeria
Nigeria: CBN’s Reversal on Daily CRR Deductions Brings Relief to Banks
In a significant move that is being hailed as a positive development for banks, the Central Bank of Nigeria (CBN) has reverted to ...