News

Nigeria: Telecom Operators Suffer N35.4bn Loss Due to Fibre Cable Cuts in 2023

The Nigerian telecommunications sector faced significant challenges in 2023, with operators reporting losses of at least ₦35.4 billion (approximately $23 million) due to ...

By Regtech AfricaDecember 27, 20240

News

Nigeria: Stanbic IBTC Facilitates $2 Billion FX Inflows into Nigeria

Stanbic IBTC Bank has reinforced its position as Nigeria’s leading bank for capital importation, accounting for a significant 28.30% of total foreign capital ...

By Regtech AfricaDecember 27, 20240

News

Togo Secures Additional $58 Million Loan from IMF

Togo has gained access to a $58.7 million loan from the International Monetary Fund (IMF) following the completion of the first review under ...

By Regtech AfricaDecember 27, 20240

Nigeria

Nigeria: Naira Strengthens to N1537 after CBN Sells $40m to Banks

The naira appreciated to N1,537 per US dollar in the official foreign exchange market on Tuesday following the Central Bank of Nigeria’s (CBN) ...

By Regtech AfricaDecember 26, 20240

News

Global: Egypt Secures $1.2 Billion IMF Loan Agreement

Egypt has reached a staff-level agreement with the International Monetary Fund (IMF) on the fourth review of the Extended Fund Facility (EFF), paving ...

By Regtech AfricaDecember 26, 20240

Nigeria

Nigeria: Access Bank Surpasses Recapitalisation Deadline, Exceeds New Capital Requirement

Access Bank, a subsidiary of Access Holdings Plc and Nigeria’s largest lender by total assets, has successfully exceeded the Central Bank of Nigeria’s ...

By Regtech AfricaDecember 26, 20240

Nigeria

Nigeria: CBN Disqualifies 41.65 Million Shares in Access Holdings Rights Issue

The Central Bank of Nigeria (CBN) has disqualified 41.65 million shares valued at ₦822.60 million in Access Holdings Plc’s recently concluded rights issue. ...

By Regtech AfricaDecember 26, 20240

Nigeria

Nigeria Receives $285m in Foreign Capital from African Investors – NBS

The National Bureau of Statistics (NBS) has reported that African investors, excluding Nigeria, contributed a substantial $285.11 million foreign capital to Nigeria during ...

By Regtech AfricaDecember 26, 20240

Nigeria

Nigeria: Telecom Sector Urged to Address Key Challenges to Drive Growth

The Nigerian telecom industry has been called upon to tackle critical challenges such as right-of-way (RoW) bottlenecks and multiple taxation, which continue to ...

By Regtech AfricaDecember 25, 20240

Regulatory

Global: Turkey Implements Stricter Crypto AML Regulations

Turkey has unveiled stringent Anti-Money Laundering (AML) regulations for cryptocurrency transactions, set to take effect on February 25, 2025. These measures enable crypto ...

By Regtech AfricaDecember 25, 20240