Regulatory
CBN increases Customs’ exchange rate to N404
The Central Bank of Nigeria (CBN), has increased the exchange rate for cargo clearance from N381 per dollar to N404.97 per dollar. Public ...
Regulatory
Hong Kong Monetary Authority to Study a Retail CBDC
The Hong Kong Monetary Authority (HKMA) is to begin a study on the use cases of a central bank digital currency (CBDC). Hong ...
Regulatory
Nigeria to save $3bn from petroleum imports annually – Emefiele
The Central Bank Governor, Godwin Emefiele, has said that the country will save about $3bn from petroleum products imports annually when Dangote Refinery ...
Regulatory
FIRS launches new online tax filing, registration, payment platform
Financial chiefs from the Group of Seven major economies will discuss rules for digital currencies issued by central banks, hoping to bring China’s ...
Regulatory
FSCA warns the public against Morgan Investments Limited
The Financial Sector Conduct Authority (FSCA) warns the public against doing any financial services business with overseas-based Morgan Investments Limited (Morgan). The FSCA ...
Regulatory
Efforts by the Central Bank of Nigeria to drive financial inclusion, yielding results – EFInA Report
A new data from Enhancing Financial Innovation and Access (EFInA) indicates that efforts by the Central Bank of Nigeria to drive financial inclusion ...
Regulatory
Banks’ll consider sustainable principles before lending – Emefiele
The Governor, Central Bank of Nigeria, Mr Godwin Emefiele has said banks will now consider sustainable banking principles when lending money to individuals ...
Regulatory
Russia’s Central Bank Governor: CBDC Is Future for Country’s Financial System
Russia’s central bank governor, Elvira Nabiullina, believes that digital currencies will be the future of financial systems as the country’s economy moves more ...
Regulatory
SEC issues Cease and Desist Order on Crowdyvest Halal Fund operations
The Securities and Exchange Commission (SEC) has announced that cooperative-driven fintech product, Crowdyvest Halal Fund, is an “unregistered entity purporting to operate as ...
Regulatory
Banks’ interest rates are high despite CBN’s LDR policy – Report
A recent empirical study has revealed that the Central Bank’s Loan-to-Deposit ratio policy did not lead to a drop in the lending rates ...
