Nigeria

Nigeria’s Central Bank Introduces 0.005% Cybercrime Levy on Electronic Transactions, Reinforces Cybersecurity Standards

The Central Bank of Nigeria (CBN) has confirmed the implementation of a 0.005% cybercrime levy on all electronic transactions for the 2024-2025 fiscal ...

By Regtech AfricaSeptember 28, 20240

Africa

Africa: Mastercard and KaiOS Partner to Equip African SMBs with Affordable Payment Solutions

Mastercard and KaiOS Technologies have joined forces to provide small and medium-sized businesses (SMBs) in emerging markets with affordable digital payment devices, starting ...

By Regtech AfricaSeptember 28, 20240

Regulatory

Global: UK Prepares for 2027 T+1 Settlement Switch, Independent of EU Model

A recent report from the UK Accelerated Settlement Taskforce’s T+1 technical group has laid out draft recommendations for the country’s transition to a ...

By Regtech AfricaSeptember 28, 20240

Nigeria

Nigeria: Presidential Tax Reform Committee Selects FCT as Model for Tax Harmonisation

The Presidential Fiscal Policy and Tax Reform Committee has announced that the Federal Capital Territory (FCT) will serve as a model for implementing ...

By Regtech AfricaSeptember 28, 20240

Ghana

Ghana: Bank of Ghana Reduces Policy Rate from 29% to 27%

The Bank of Ghana has lowered its monetary policy rate by 200 basis points, reducing it from 29% to 27%. Dr. Ernest Addison, ...

By Regtech AfricaSeptember 28, 20240

AMA

American chocolate company Hershey and its partners inaugurate three primary schools in Côte d’Ivoire

A collaboration with CNS and the ICI Foundation expands access to education in cocoa-producing communities James TUROFF, Senior Vice President and Chief Legal ...

By Regtech AfricaSeptember 28, 20240

Regulatory

South African Regulator Issues Ultimatum to StarSat: Shutdown or Face Closure

n June 2024, the Independent Communications Authority of South Africa (Icasa) ordered the pay-TV provider StarSat to cease operations by September 18, 2024. ...

By Regtech AfricaSeptember 27, 20240

Africa

Africa: Itana and AFC Join Forces to Establish Africa’s First Digital Economic Zone in Nigeria

Itana and the Africa Finance Corporation (AFC) have formalized a partnership aimed at developing Africa’s inaugural digital economic zone. The collaboration was announced ...

By Regtech AfricaSeptember 27, 20240

News

Nigeria: NDIC Explains Delays in Refunds to Some Heritage Bank Depositors

The Managing Director of the Nigeria Deposit Insurance Corporation (NDIC), Mr. Bello Hassan, revealed that certain insured depositors of the now-defunct Heritage Bank ...

By Regtech AfricaSeptember 27, 20240

Nigeria

Nigeria: CBN to Penalize Banks for ATM Cash Dispensing Failures, Plans N1.4 Trillion Cash Injection

The Central Bank of Nigeria (CBN) has announced its intention to sanction banks that fail to dispense cash through their Automated Teller Machines ...

By Regtech AfricaSeptember 27, 20240

Nigeria’s Central Bank Introduces 0.005% Cybercrime Levy on Electronic Transactions, Reinforces Cybersecurity Standards

Africa: Mastercard and KaiOS Partner to Equip African SMBs with Affordable Payment Solutions

Global: UK Prepares for 2027 T+1 Settlement Switch, Independent of EU Model

Nigeria: Presidential Tax Reform Committee Selects FCT as Model for Tax Harmonisation

Ghana: Bank of Ghana Reduces Policy Rate from 29% to 27%

American chocolate company Hershey and its partners inaugurate three primary schools in Côte d’Ivoire

South African Regulator Issues Ultimatum to StarSat: Shutdown or Face Closure

Africa: Itana and AFC Join Forces to Establish Africa’s First Digital Economic Zone in Nigeria

Nigeria: NDIC Explains Delays in Refunds to Some Heritage Bank Depositors

Nigeria: CBN to Penalize Banks for ATM Cash Dispensing Failures, Plans N1.4 Trillion Cash Injection

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