Regulatory
China’s P2P Lending Crackdown Leaves $115B In Losses
China’s peer-to-peer (P2P) lending sector, once 6,000 businesses strong, has been reduced to fewer than three dozen as the government tightened regulations, leaving billions ...
Regulatory
Lagos state government set to propose guidelines for ride hailing companies
The Lagos State Government has set guidelines for E-ride hailing companies to be implemented on August 20. The provision means that the state ...
Regulatory
Chinese Firms Scramble To Beat New US IPO Rules
Chinese companies are rushing to launch U.S. initial public offerings (IPOs) before newly proposed rules that would expose the companies’ audits to scrutiny ...
Regulatory
Why Nigerian Banks should pay for USSD sessions – NCC
The Nigerian Communications Commission, (NCC), recently released a revision of the charges on Unstructured Supplementary Service Data (USSD) services. The review is to ...
Regulatory
Iran’s Rial Regaining Value As Central Bank Injects $2.5 Billion Into Market
Iran’s national currency regained 10 percent of its value on Monday after the Central Bank of Iran (CBI) injected $2.5 billion into the ...
Regulatory
AGF launches Committee on Financial Transparency Guidelines and Open Treasury Portal
Office of the Accountant-General of the Federation has launched a Committee on Federal Government Financial Transparency Guidelines and Open Treasury Portal to enable ...
Regulatory
New York Financial Regulator Greenlights 10 Tokens for Custody
The New York State Department of Financial Services has issued a greenlist of 8 virtual currencies for sale and trade, and 10 coins ...
Regulatory
Capital One fined $80m for 2019 data breach
The US Office of the Comptroller of the Currency (OCC) has levied an $80 million civil penalty against Capital One. The fine relates ...
Regulatory
Exchange rate falls across the forex markets as CBN devalues the naira
Nigeria’s exchange rate at the NAFEX window depreciated to N386 during last intraday trading on Friday, August 7, 2020. In another development, the ...
Regulatory
Nigerian Government set to regulate civil workers usage of social media
The Nigerian Government has begun the regulation of social media usage by civil servants, saying their posts should be in support of the ...