Nigeria
Nigeria Clears $7bn FX Backlog, Boosting Investor Confidence – CBN Governor Cardoso
In a major policy move aimed at enhancing foreign exchange liquidity and restoring investor confidence, the Central Bank of Nigeria (CBN) has successfully ...
Nigeria
Nigeria’s Recapitalisation Policy Set to Reshape Banking Sector with Potential Mergers
Nigeria’s banking sector is poised for a significant transformation as new recapitalisation requirements introduced by the Central Bank of Nigeria (CBN) may drive ...
Nigeria
Nigerian Telcos Urge Financial Reporting Council to Reconsider Annual Dues Structure
Telecom operators in Nigeria, under the umbrella of the Association of Licensed Telecom Companies of Nigeria (ALTON), have raised concerns over the revised ...
Nigeria
Nigeria’s Competition Tribunal Suspends WhatsApp’s $220M Fine Amid Legal Dispute
Nigeria’s Competition and Consumer Protection Tribunal (CCPT) has temporarily halted proceedings on the $220 million fine imposed on WhatsApp and its parent company, ...
Africa
Africa: Network International and GIM-UEMOA Partner to Advance Financial Inclusion in West Africa
Network International, a leading digital payments provider in the Middle East and Africa, has signed a Memorandum of Understanding (MoU) with GIM-UEMOA, the ...
News
Nigeria: CBN to Finalize Settlements of $7 Billion FX Backlog, Reinforces Transparency with New FX Code
The Central Bank of Nigeria (CBN) is set to begin final settlements of the remaining $7 billion foreign exchange (FX) backlog, according to ...
Nigeria
Nigeria: CBN Sets January 31 Deadline for FX Market Compliance Reports
The Central Bank of Nigeria (CBN) has directed all participants in the foreign exchange market to submit compliance reports on their adherence to ...
Fintech
Global: KuCoin to Suspend U.S. Operations Following Legal Settlement
Cryptocurrency exchange KuCoin will exit the United States market for a minimum of two years after its operator, Seychelles-based Peken Global Limited, pleaded ...
Regulatory
Global: Australia Mandates Credit Licences for BNPL Providers Ahead of New Regulations
Buy Now, Pay Later (BNPL) providers operating in Australia must now apply for credit licences under amended legislation set to take effect in ...
Nigeria
Nigeria: CBN Sets January 31 Deadline for FX Compliance Reports
The Central Bank of Nigeria (CBN) has issued a directive requiring participants in the foreign exchange (FX) market to submit compliance reports on ...