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 ...
Nigeria
Nigeria: NDIC to Commence Liquidation Dividend Payments for Heritage Bank’s Uninsured Depositors in April 2025
The Nigeria Deposit Insurance Corporation (NDIC) has announced plans to initiate the first phase of liquidation dividend payments for uninsured depositors of the ...
Global
European Payment Alliance Advances Instant Cross-Border Transactions
The European Payment Alliance (EuroPA) has initiated a major shift towards instant cross-border payments by integrating mobile transfer schemes such as Italy’s Bancomat, ...
Global
FDIC Introduces ‘New Approach’ for Banks Engaging in Crypto Activities
The Federal Deposit Insurance Corporation (FDIC) has announced a significant shift in its regulatory approach, allowing FDIC-supervised institutions to engage in cryptocurrency-related activities ...
Kenya
IMF Review: Kenya Confronts Intensified External Financial Risks – Fitch
Kenya’s financial landscape is facing mounting external risks following the cancellation of its ninth and final review under the current Extended Fund Facility ...
Global
Cleo AI Agrees to $17 Million Settlement in FTC ‘Fast Money’ Case
Online cash advance provider Cleo AI has reached a $17 million settlement with the Federal Trade Commission (FTC) following allegations that the company ...
Nigeria
Nigeria: House of Representatives Affirms Financial Reporting Council Act Remains in Effect
The House of Representatives has reaffirmed that the Financial Reporting Council (FRC) Act, 2023 remains legally binding and operational unless amended through the ...
Innovation
Nigeria: NDIC Advocates Early Financial Education to Empower Nigerian Youth
The Nigeria Deposit Insurance Corporation (NDIC) has emphasized the need for early financial literacy among Nigerian youth, aiming to equip them with essential ...
Africa
Zap Africa Threatens Legal Action Against Paystack Over “Zap” Brand Name Dispute
A legal standoff is unfolding between cryptocurrency exchange Zap Africa and fintech giant Paystack over the use of the name “Zap.” The dispute ...
Global
Global: CFPB to Revoke BNPL Rule Amid Legal Challenge
The Consumer Financial Protection Bureau (CFPB) is set to reverse its stance on Buy Now, Pay Later (BNPL) regulations, retracting an interpretive rule ...
