Nigeria
Nigeria: CBN Deploys $669 Million in Q1 2025 to Stabilize Naira Amid Forex Market Pressures
In a bold effort to shield the Naira from further volatility, the Central Bank of Nigeria (CBN) intervened in the foreign exchange (FX) ...
Fintech
Al Ansari Digital Pay Set to Launch Digital Wallet Following Regulatory Green Light
Al Ansari Digital Pay, the fintech subsidiary of Al Ansari Financial Services, has received full regulatory clearance from the Central Bank of the ...
Global
Global: SEC Commissioner Crenshaw Criticizes Stablecoin Guidelines as Industry Welcomes Regulatory Clarity
U.S. Securities and Exchange Commission (SEC) Commissioner Caroline Crenshaw has raised serious concerns over the regulator’s newly issued guidelines on USD-backed stablecoins, accusing ...
Fintech
Global: JP Morgan Set to Secure Merchant Banking License in Nigeria, Accelerates African Expansion
Global banking leader JP Morgan is reportedly advancing plans to transform its Lagos representative office into a fully licensed merchant banking operation, signaling ...
Nigeria
Nigeria: ISA 2025 Set to Accelerate Economic Growth and Capital Market Innovation — SEC
The Securities and Exchange Commission (SEC) has described the upcoming Investments and Securities Act (ISA) 2025 as a transformative legislative framework poised to ...
Global
SEC Restructures Regional Offices to Strengthen Regulatory Oversight and Operational Efficiency
In a strategic move aimed at enhancing regulatory efficiency and oversight, the U.S. Securities and Exchange Commission (SEC) has announced a comprehensive restructuring ...
Nigeria
Nigeria: SEC Warns Ponzi Scheme Operators: 10-Year Jail Term, N20 Million Fine Under New Law
The Securities and Exchange Commission (SEC) has declared that individuals and entities promoting or operating Ponzi schemes now face a minimum fine of ...
Nigeria
Nigeria: NESG Advocates VAT Increase to Sustain Government Revenue Amid Tax Reforms
The Nigeria Economic Summit Group (NESG) has urged the Federal Government to increase the Value-Added Tax (VAT) rate as part of its ongoing ...
Fintech
Mastercard Expands Embedded Virtual Card Technology to Transform Commercial Payments
Mastercard is set to revolutionize commercial payments with the launch of a new program designed to integrate embedded virtual card technology seamlessly into ...
Fintech
Nigeria’s cNGN Stablecoin Seeks Listings on Yellow Card, Roqqu to Accelerate Adoption
The Africa Stablecoin Consortium (ASC), developers of Nigeria’s first regulatory-approved stablecoin, cNGN, are in early-stage discussions with leading African crypto exchanges, Roqqu and ...
