Nigeria
Nigeria: Eight Nigerian Banks Meet Recapitalisation Targets Ahead of 2026 Deadline
Eight Nigerian lenders have met the Central Bank of Nigeria’s (CBN) new minimum capital requirements well ahead of the March 2026 deadline, marking ...
Nigeria
Nigeria: PalmPay Partners with Federal Government to Champion Youth Data Privacy Awareness
PalmPay, in collaboration with the Federal Ministry of Youth Development, has launched the Youth Data Protection Awareness and Training (YDPAT) programme—an initiative aimed ...
Nigeria
Nigeria’s FIRS Approves DigiTax for National E-Invoicing Rollout
Kenyan tax technology firm DigiTax has received formal approval from Nigeria’s Federal Inland Revenue Service (FIRS) to serve as an Access Point Provider ...
Nigeria
Kenya’s DigiTax Secures FIRS Approval to Power Nigeria’s E-Invoicing Regime
DigiTax, a Nairobi-based e-invoicing technology firm, has received formal accreditation from Nigeria’s Federal Inland Revenue Service (FIRS) as an Access Point Provider and ...
Nigeria
Nigeria: SEC Raises Alarm Over $2.1bn in Suspicious Crypto Transactions Across West Africa
The Securities and Exchange Commission (SEC) has expressed growing concern over the surge in illicit cryptocurrency activities in West Africa, with the Director-General, ...
Regulatory
Global: EBA Flags Heightened Money Laundering Risks in Fintech and Regtech Sectors
The European Banking Authority (EBA) has raised the alarm over increasing money laundering (ML) and terrorist financing (TF) risks in Europe’s rapidly digitalising ...
Regulatory
Global: U.S. SEC Establishes Artificial Intelligence Task Force, Appoints First Chief AI Officer
In a landmark move to modernise regulatory oversight and operational efficiency, the U.S. Securities and Exchange Commission (SEC) has launched a dedicated Artificial ...
Nigeria
Nigeria: Balancing Regulatory Independence and Stakeholder Engagement – FRC Amendment Debate
The recent suspension of certain provisions within the Financial Reporting Council (FRC) Amendment Act 2023—following pushback from private sector stakeholders—has reignited debate around ...
Nigeria
Nigeria: CBN Maintains Policy Rates Amid Global Uncertainty and Domestic Inflation Challenges
In response to persistent global economic turbulence and complex domestic inflation dynamics, the Central Bank of Nigeria (CBN) has opted to maintain its ...
Nigeria
Nigeria: NIMC Confirms Full Migration of Telecom Operators to Upgraded NIN Verification Platform
The National Identity Management Commission (NIMC) has announced the successful migration of all telecommunications operators in Nigeria to its upgraded National Identification Number ...