Nigeria
Nigeria: MTN, Airtel gets regulatory approval to operate payment service bank
MTN Nigeria and Airtel Africa Plc have been granted an approval in principle to operate a payment service bank (PSB) in the country. ...
Global
Korea’s FSC confirms that NFTs will not be regulated
The Financial Services Commission (FSC) in South Korea reaffirmed in a public statement on Nov. 5 that nonfungible tokens (NFT) are not virtual ...
Africa
Seychelles: Banks in Seychelles Transitioning Foreign Currency Loans Away From Libor
The contracts of around 185 clients with foreign exchange loans in Seychelles will be amended as commercial banks transition from LIBOR, one of ...
Global
Bitcoin Spot ETFs receive green light in Australia
Bitcoin spot exchange traded funds (ETFs) have been approved by the Australian Securities And Investment Commission. The corporate regulators detailed a draft of regulatory ...
Nigeria
Nigeria: Banks To Start Auto-debiting Accounts Of Chronic Debtors – CBN Reveals
The Central Bank of Nigeria, CBN has revealed that money lending institutions will start auto-debiting bank accounts of chronic debtors. A statement issued ...
Regulatory
Uganda: Regulator tells Airtel to separate business
Airtel Money will no longer be a part of Airtel Uganda. What does this mean for Airtel’s business? Airtel Money will now be ...
Regulatory
Zimbabwe: RBZ Blocks Money Supply in Responds to Parly’s Request
Reserve Bank of Zimbabwe (RBZ) Monetary Policy Committee (MPC) has approved resolutions aimed at curbing broad money supply to stop parallel market exchange ...
Nigeria
Nigeria: Loans to Deposit Policy Drives Credit Growth by N6.63Trn –CBN
The Central bank of Nigeria (CBN) has said that its 65% loan to deposit policy pushed credit into the real sector of the ...
News
South African firm, Multichoice loses legal battle on $342m tax to FIRS
The long-drawn legal battle by the South African Company, Multichoice Africa Holdings B.V with the Nigerian government-owned Federal Inland Revenue Services (FIRS) over ...
Global
Crypterium Gets FCA Registration in UK
Crypterium is the latest cryptocurrency company to be registered with the UK’s Financial Conduct Authority (FCA). Crypterium, a self-described fintech startup that aims ...