Regulatory
Liberian Company, Lonestar Cell MTN Mobile Money Reinstates International Remittance Service
With the approval of the Central Bank of Liberia (CBL), Lonestar Cell MTN, Liberia’s leading GSM and Mobile Financial Services company, launched its ...
Regulatory
Buhari directs CBN to suspend forex for food items, fertiliser
President Muhammadu Buhari has directed the Central Bank of Nigeria (CBN) not to provide forex for the importation of food items or fertilizer. ...
Regulatory
Standard Chartered Fined $13.6 Million for 2007 India Deal
India’s anti-money laundering agency fined Standard Chartered Plc 1 billion rupees ($13.6 million) for breaking foreign exchange rules when it worked on the ...
Regulatory
NSE to host capacity building session on derivatives in Nigeria
The COVID-19 pandemic has metamorphosed into an economic crisis for countries and financial markets that has caused volatility in price of commodities and ...
Regulatory
FIRS inaugurates online portal for financial institutions in the country
The Federal Inland Revenue Service (FIRS) has inaugurated a new Automatic Exchange of Information Common Reporting Standard (AEOI-CRS) system for use by financial ...
Regulatory
CBN places ban on gaming, sports betting companies account
The Central Bank of Nigeria on Friday placed a “Post no debit order” on the account of several gaming and sports betting companies ...
Regulatory
Robinhood Facing Multiple SEC Investigations Into Its Business Practices
Robinhood is reportedly facing multiple investigations by the Securities and Exchange Commission (SEC) and Financial Industry Regulatory Authority (FINRA) regarding its March service ...
Regulatory
India Blocks AliPay, TaoBao and 116 Chinese Apps Over Sovereignty Concerns
On Thursday, India blocked 188 mobile applications over concerns that they engage in activities that are prejudicial to sovereignty, integrity, defence, the security ...
Regulatory
NSE suspends six quoted Firms
The Nigerian Stock Exchange has suspended six quoted firms for their inability to file corporate accounts as required. The suspended companies include FTN ...
Regulatory
ECB cautions against the power of Big Tech in financial services and cloud provision
The European Central Bank has bemoaned the absence of an EU challenger capable of taking on the might of Big Tech cloud providers ...