Nigeria
Nigeria: Decline in FX Utilisation Driven by Lower Invisible Transactions
Foreign exchange (FX) demand in Nigeria dropped in the third quarter of 2024, primarily due to a notable decrease in invisible transactions, according ...
News
Global: Surge in Local Liquidity Strengthens Egypt’s Banking Sector
Egypt’s banking sector has experienced a notable surge in local liquidity, reaching EGP 11.34 trillion in November 2024, an increase of EGP 2.46 ...
News
Global: BIS Announces Strategic Steps to Drive ISO 20022 Adoption
The Bank for International Settlements (BIS) Committee on Payments and Market Infrastructures (CPMI) has outlined key steps to accelerate the global adoption of ...
Regulatory
Global: PSD3’s Expanding Scope Presents New Compliance Challenges for U.S. Financial Firms
The Payment Services Directive 3 (PSD3), the latest iteration of the European regulatory framework, is poised to bring transformative changes to financial institutions ...
News
Global: GSR Secures UK FCA Approval, Strengthens Regulated Crypto Services
GSR, a leading global cryptocurrency trading firm, has achieved a significant milestone by securing dual regulatory approval in the United Kingdom and Singapore, ...
Nigeria
Nigeria: SEC Reinforces Commitment to Fraud-Free Market in 2025
The Securities and Exchange Commission (SEC) has renewed its commitment to eradicating Ponzi and pyramid schemes in Nigeria. In 2025, the SEC aims ...
Regulatory
Global: MiCA: A Catalyst for Crypto Investment Despite Overregulation Concerns
The European Union’s Markets in Crypto-Assets Regulation (MiCA), the world’s first comprehensive regulatory framework for cryptocurrencies, has officially gone into effect for crypto-asset ...
Nigeria
Nigeria: CBN, SEC Approve GTCO’s N209bn Equity Capital Raise
Guaranty Trust Holding Company Plc (GTCO) has obtained approvals from the Central Bank of Nigeria (CBN) and the Securities and Exchange Commission (SEC) ...
Nigeria
Nigeria: Banks’ Credits to Private Sector Surge to N76 Trillion
Credit to the Private Sector (CPS) experienced a significant 27.3% year-on-year increase, reaching N75.96 trillion in November, as revealed by the Central Bank ...
Nigeria
Nigeria: CBN Facilitates Refunds of ₦7.05 Billion and $714,569 to Bank Customers in Eight Months
The Central Bank of Nigeria (CBN) has facilitated the refund of ₦7.05 billion and $714,569.03 to bank customers within eight months, resolving ...