Nigeria
Nigeria: NDIC Strengthens Debt Recovery Efforts with Engagement of External Solicitors
The Nigeria Deposit Insurance Corporation (NDIC) has enlisted the support of external solicitors to enhance its debt recovery and asset realization strategies, reinforcing ...
Innovation
Global: ECB Explores Settlement of DLT-Based Transactions in Central Bank Money
The European Central Bank (ECB) is actively investigating how to settle transactions using distributed ledger technology (DLT) in central bank money. This initiative ...
Global
Global: UK Regulator Fines Four Banks $132 Million for Sharing Sensitive Bond Market Data
The UK Competition and Markets Authority (CMA) has imposed a £104.5 million ($132.4 million) fine on Citi, HSBC, Morgan Stanley, and the Royal ...
Fintech
Global: Chase to Restrict Zelle Payments Linked to Social Media Amid Fraud Concerns
JPMorgan Chase has announced plans to block certain Zelle peer-to-peer (P2P) payments originating from social media contacts, citing rising fraud risks. The update ...
Innovation
Global: SEC Establishes Cyber and Emerging Technologies Unit to Tackle Digital Fraud
The U.S. Securities and Exchange Commission (SEC) has launched the Cyber and Emerging Technologies Unit (CETU) to strengthen its efforts against cyber-related misconduct ...
Fintech
Nigeria Takes Legal Action Against Binance Over Alleged $81.5 Billion in Economic Damages and Tax Evasion
The Federal Inland Revenue Service (FIRS) has initiated legal proceedings against cryptocurrency exchange Binance, alleging economic losses amounting to $79.5 billion and an ...
Innovation
South African Telcos Push for Streaming Platforms to Contribute to Network Costs
South Africa’s leading telecom operators, Vodacom and MTN, are advocating for major streaming platforms like Netflix and YouTube to contribute to network costs, ...
Regulatory
Global: UK Regulators Support CMA’s Probe into Apple and Google’s Digital Wallet Dominance
Amid growing concerns over the increasing dominance of Big Tech in digital payment ecosystems, UK financial regulators have opted to defer to the ...
Nigeria
Nigeria: CBN Reports Over 19.7 Million Dormant and Unclaimed Bank Accounts
The Central Bank of Nigeria (CBN) has revealed that the number of dormant bank accounts in the country has exceeded 19.69 million, based ...
Nigeria
Nigeria: CBN Slashes Treasury Bill Rates as Inflation Declines
The Central Bank of Nigeria (CBN) has significantly lowered discount rates on Nigerian Treasury bills as inflationary pressures ease, prompting heightened investor interest ...
