Nigeria
Nigeria: CBN opens applications for second regulatory sandbox cohort targeting VASPs, digital finance
The Central Bank of Nigeria (CBN) has opened applications for the second cohort of its Regulatory Sandbox Programme, introducing dedicated testing tracks for ...
Fintech
Nigeria: Fintech firm launches VIXA, AI-powered platform for cross-border crypto transactions
Nigerian fintech company BitMigo Technologies has launched VIXA, an artificial intelligence-powered financial platform designed to simplify cross-border cryptocurrency transactions for users across Africa. ...
Nigeria
Nigeria: NITDA urges regulators to collaborate on national innovation sandbox
The National Information Technology Development Agency (NITDA) has called on Nigeria’s regulatory agencies to strengthen collaboration as the Federal Government moves to establish ...
News
Nigeria: MTN Nigeria pivots to AI, fintech and digital services as voice revenue growth slows
MTN Nigeria is accelerating its shift from a traditional telecommunications operator to a broader technology and financial services company, with artificial intelligence, fintech, ...
Nigeria
Nigeria: SEC sets 5pm T+1 settlement deadline for equities, commodities
The Securities and Exchange Commission (SEC) has set 5:00 p.m. on the first business day after a trade (T+1) as the settlement deadline ...
Nigeria
Nigeria: FRC warns auditors against sacrificing independence in AI-driven audits
The Financial Reporting Council of Nigeria (FRC) has cautioned auditors against compromising their independence as artificial intelligence (AI) transforms audit processes, stressing that ...
Nigeria
Nigeria: Seven insurers meet new capital requirements as NAICOM clears 50 firms
The National Insurance Commission (NAICOM) has verified and confirmed seven additional insurance companies as compliant with Nigeria’s new minimum capital requirements, bringing the ...
Nigeria
Nigeria: PwC outlines penalties for virtual assets tax defaulters
PricewaterhouseCoopers (PwC) has outlined the penalties that could apply to taxpayers and merchants who fail to comply with Nigeria’s emerging virtual assets tax ...
Nigeria
Nigeria: Tax Ombud strengthens capacity to handle digital asset tax disputes
The Office of the Tax Ombud has expanded its capacity to address emerging tax disputes, including potential complaints linked to the taxation of ...
Nigeria
Nigeria: SEC launches initiative to help Nigerians recover unclaimed investments
The Securities and Exchange Commission (SEC) has intensified efforts to address the growing challenge of unclaimed investments by launching a nationwide awareness initiative ...