Regulatory
FIRS: Tax Now Accounts for 70% of Nigeria’s Revenue
The Federal Inland Revenue Service (FIRS) has disclosed that receipts from tax, which were previously supplementary, now account for about 70 per cent ...
Regulatory
SEC issues pre-notice on cancellation of certificates of 157 inactive CMOs
The Securities Exchange Commission (SEC) has issued pre-notice on the cancellation/withdrawal of certificates of registration of inactive capital market operators. This information is ...
Regulatory
Zimbabwe’s restrictions on mobile money transfers are a blow to financial inclusion
Mobile financial services are, in most African countries, born out of crises. In 2011, Zimbabwe had gone through a volatile decade of economic crises ...
Regulatory
Stakeholders Engagement key to Broadband implementation
The Executive Vice Chairman of the Nigerian Communications Commission (NCC), Prof. Umar Danbatta, has said that government is putting greater emphasis on ...
Regulatory
GTBank Obtains Approval-In-Principle from CBN and SEC to Restructure to a Financial HoldCo
Guaranty Trust Bank Plc has announced that it has obtained the approval-in-principle of the Central Bank of Nigeria (the CBN) to commence the ...
Regulatory
SEC’s New Rules Allow Crypto Companies to Raise More Money
The SEC announced Monday that it has amended some rules pertaining to several exemptions. Among other changes, the regulator has increased “the offering ...
Regulatory
CBN to assess risks of banks with cross-border expansion
The Central Bank of Nigeria has said it will introduce guidelines to assess the level of exposure of banks with international authorization that ...
Regulatory
Gadol Financial Services Secures CBN’s Operating Licence
Gadol Financial Services Limited, has received the final approval by the Central Bank of Nigeria (CBN) to operate in the financial market. Commenting ...
Regulatory
Indian crypto industry expanding, regulators seem reluctant to engage
The people of India are awaiting access to crypto banking services as British-based fintech firm Cashaa has collaborated with India’s United Multistate Credit ...
Global
China Should Take Part in Creating Global Regulatory Framework for Digital Currency, Xi Says
Chinese President Jinping Xi said China should proactively participate in creating the international regulatory framework on digital currency. “We need to take advantage ...
