Nigeria
Nigeria: CPPE Advocates for CBN to Fix Customs Duty Exchange Rate at N1000/$
The Centre for the Promotion of Private Enterprise (CPPE) has urged the Central Bank of Nigeria (CBN) to set the customs duty exchange ...
Nigeria
Nigeria: CBN Prohibits Commercial Banks and Others from Owning BDCs, Raises License Fee
In an effort to stabilize the naira exchange rate, the Central Bank of Nigeria (CBN) has introduced revised regulatory and supervisory guidelines for ...
Nigeria
Nigerian Government Implements Restrictions on Binance, Coinbase, Kraken, and Other Crypto Platforms
In response to a currency crisis and ongoing challenges with the local currency (Naira), the Nigerian government has taken measures to block access ...
Nigeria
Nigeria: CBN Proposes Increase in BDC Share Capital to Enhance Regulatory Framework
The Central Bank of Nigeria (CBN) is contemplating a significant increase in the share capital requirements for Bureau De Change (BDC) operators, proposing ...
News
Nigeria: CBN’s Nullification of $2.4 Billion Forward Contracts Deals a Blow to Manufacturing Sector
In a startling move that reverberated through Nigeria’s already fragile economy, the Central Bank of Nigeria (CBN) recently declared the invalidation of approximately ...
News
Nigeria: CBN Directs Customs to Use FX Closing Rate for Import Duty Assessment
The Central Bank of Nigeria (CBN) has issued a directive instructing the Nigeria Customs Service to apply the foreign exchange (FX) closing rate ...
News
South Africa: XS.com Expands African Presence with Acquisition of South African License
XS.com, a leading FinTech and financial services provider, has announced its strategic foray into the burgeoning African market with the acquisition of a ...
Nigeria
Bureau De Change Operators in Nigeria to Implement Automation to Combat Street Trading
The Association of Bureau De’Change Operators of Nigeria (ABCON) has unveiled plans to introduce automation into its trading operations to combat the activities ...
Kenya
Kenya Moves Forward with Crypto Trading Regulations Amid Grey List Concerns
Kenya is taking steps to introduce regulatory frameworks for overseeing cryptocurrency trading within its borders, amidst concerns about its status on the grey ...
Africa
Bridging the Data Trust Gap: 2024 RegTech Confab Set to Unlock Africa’s Economic Potential
In an era defined by digital transformation, data has become the cornerstone of innovation and progress, particularly within Africa’s burgeoning financial landscape. With ...