Nigeria
Nigeria’s Presence on Money Laundering List Hampers Foreign Investment, Say Stakeholders
Stakeholders have expressed concerns over the impact of Nigeria’s continued presence on the global money laundering list, compiled by the Financial Action Task ...
Nigeria
Nigeria: FIRS Issues Deadline for Tax Compliance by International Shipping Companies
International shipping companies operating in Nigeria have been directed by the Federal Inland Revenue Service (FIRS) to align their financial records with Nigerian ...
Kenya
Kenya: CAK Initiates Lower Termination Rates, Promising Reduced Calling Costs for Kenyans
The Communications Authority of Kenya (CAK) has taken a significant step by capping Mobile Termination Rates (MTRs) and Fixed Termination Rates (FTRs) at ...
Nigeria
Nigeria: Supreme Court Sets Hearing Date for Lagos and Ekiti Lottery Regulation Suit Against Federal Government and 34 States
The Supreme Court has scheduled March 13, 2024, as the hearing date for a lawsuit initiated in 2008 by the Attorney General of ...
News
Nigeria: Navigating Nigeria’s Growth Challenges Amidst Financial Constraints
Despite the Nigerian government’s endeavors to stimulate growth, a stringent financial environment has emerged as a pivotal factor impeding real-term gross domestic product ...
Nigeria
Nigeria’s Banks Deposit N2.41 Trillion with CBN Amid Regulatory Compliance Rush
In a strategic move to comply with regulatory requirements set by the Central Bank of Nigeria (CBN), the country’s Deposit Money Banks (DMBs) ...
News
Nigeria: MoMo PSB Aims to Serve 20 Million SMEs with Financial Services
MoMo PSB, the Payment Unit of MTN, has set its sights on providing financial services to 20 million Nano and Small Medium Enterprises ...
Regulatory
Rwanda’s Central Bank Grants License to NALA, Boosting Regional Fintech Landscape
The National Bank of Rwanda has officially licensed NALA, an East African fintech company, to revolutionize international payments, making them more affordable and ...
Ghana
Ghana’s Central Bank Signals Potential Fines for Lemfi, Wise, and Others Over Remittance Services
Ghana’s Central Bank has taken action against eight money transfer organizations (MTOs), including LemFi, Wise, Transfer Go, PayPal’s Xoom, SendValu, Boss Revolution, Aza ...
News
Nigeria: ICPC and ACCI Partner to Tackle Integrity Deficit in Procurement Contracts
The Independent Corrupt Practices and Other Related Offences Commission (ICPC) has joined forces with the Abuja Chamber of Commerce and Industry (ACCI) to ...