Nigeria
Nigeria: CBN Lifts Ban on 440 Accounts Including Bamboo, Nairabet, and AbokiFX
The Central Bank of Nigeria (CBN) has directed banks to remove the post-no-debit restrictions placed on the bank accounts of 440 individuals and ...
Namibia
Namibia Enacts Crypto Exchange Regulation Bill into Law
Namibia has taken a significant step in regulating its cryptocurrency market as the government recently signed a new law to oversee Virtual Asset ...
Global
Global: HSBC Breaches UK’s CMA Order on Payment Transaction Histories
The U.K.’s Competition and Markets Authority (CMA) has uncovered that HSBC breached a regulatory order mandating banks to provide payment transaction histories to ...
Global
Global: US FDIC Urges Banks to Rectify ‘Inaccurate’ Statements Ahead of New Fee Implementation
The U.S. Federal Deposit Insurance Corporation (FDIC) has issued a directive to banks to correct financial statements that contain “inaccuracies” related to uninsured ...
Nigeria
Nigeria: FCCPC Warns PoS Operators Against Price Fixing, Threatens Jail Term
The Federal Competition and Consumer Protection Commission (FCCPC) has issued a stern warning to Point of Sale (PoS) operators, cautioning them against engaging ...
Nigeria
Nigerian Government Cracks Down on Illegal Loan Apps and Delists Non-Compliant Ones
The Nigerian Federal Government, through the Federal Competition and Consumer Protection Commission (FCCPC), has taken decisive action against illegal loan apps operating in ...
Nigeria
Nigeria: SERAP Files Lawsuit Against CBN Over Unlawful Social Media Handling Regulations
The Socio-Economic Rights and Accountability Project (SERAP) has taken legal action against the Central Bank of Nigeria (CBN) for failing to remove unlawful ...
Kenya
Kenya’s Common Reporting Standard (CRS) Enhances Tax Transparency and Access to Offshore Bank Accounts Information
Kenya has taken a significant step towards improving financial transparency and combating tax evasion with the introduction of the Common Reporting Standard (CRS). ...
Global
Global: FTX Files $1 Billion Lawsuit Against Former CEO Sam Bankman-Fried
Sam Bankman-Fried, the former CEO of the now-defunct crypto exchange FTX, is at the center of a $1 billion lawsuit filed by the ...
Kenya
Kenya: Smartphone Shortage in Kenya as KRA Intensifies Tax Regulations
Kenyan smartphone vendors are facing challenges as taxation measures and supply shortages impact prices and availability of devices in the market. The Kenya ...
