Regulatory
Global: EU Banking Regulator Proposes Stringent Guidelines for Banks Addressing ESG, Climate Transition Risks
The European Banking Authority (EBA), the EU banking supervisor, has initiated a consultation on comprehensive guidelines designed to establish requirements for banks in ...
Nigeria
Nigeria: NIMC Temporarily Suspends Third-Party Agents from NIN Registration Amidst Revalidation Exercise
The National Identity Management Commission (NIMC) has announced the temporary suspension of Front-End Partners (FEPs) from participating in the enrolment process for the ...
Nigeria
Nigeria: NCC Grants Glo 21-Day Extension to Resolve Interconnect Fee Dispute with MTN
In a recent development, Globacom (Glo), a prominent Nigerian telecom company, has been given an additional 21 days to address and settle outstanding ...
Nigeria
Nigeria: CBN Pledges Sanctions Following Unearthed Violations of FX Market Regulations
The Central Bank of Nigeria (CBN) revealed on Wednesday that it had uncovered severe infractions, substantial abuse, and notable non-compliance with market regulations ...
Regulatory
Global: EU Reaches Provisional Agreement for Stricter AML Regulations in Cryptocurrency Sector
In a recent development, the European Council and Parliament have tentatively agreed to extend the coverage of the European Union’s Anti-Money Laundering (AML) ...
Regulatory
Global: Payhawk Secures Electronic Money Institution License in the UK
Payhawk, the global spend management solution, has achieved a significant milestone by obtaining a licensed Electronic Money Institution (EMI) status in the United ...
Regulatory
Global: EU Banking Authority Expands Anti-Money Laundering Guidelines to Include Crypto
The European Union’s Anti-Money Laundering and Counter-Terrorist Financing guidelines have been broadened to encompass European cryptocurrency companies, following a decision from the region’s ...
Regulatory
Global: IMF Warns: 60% of Jobs in Advanced Economies Vulnerable to AI Impact
Artificial intelligence (AI) is poised to have a substantial impact on employment, particularly in advanced economies, according to a statement by the International ...
Regulatory
Global: Senators Urge Enhanced SEC Cybersecurity Measures Following EFT-Related Hack
In response to a recent cyber attack that led to a false announcement regarding the approval of bitcoin exchange-traded funds (ETFs) on the ...
Nigeria
Nigeria: DMO and CBN Secure N7.5 Trillion through Bond and Treasury Bill Sales in 2023
The local debt capital market in Nigeria experienced heightened borrowing activities in 2023, primarily driven by steep interest costs on Eurobond borrowings due ...
