Africa

Africa: WATRA Committed to Bridging Digital Divide in West Africa – Aliyu Aboki

The West African Telecommunications Regulatory Assembly (WATRA) has called for enhanced collaboration among its 16 member states to bridge the digital divide in ...

By Regtech AfricaJuly 18, 20240

Nigeria

Nigeria: CRMI Commends SEC’s Directive for Capital Market Operators to Implement ERM

The Chartered Risk Management Institute of Nigeria (CRMI) has praised the Securities and Exchange Commission’s (SEC) directive for capital market operators to implement ...

By Regtech AfricaJuly 18, 20240

Global

Global: MAS Allocates $100 Million to Advance Quantum and AI Projects in Financial Sector

The Monetary Authority of Singapore (MAS) has announced a commitment of $100 million in grant funding to advance the development of artificial intelligence ...

By Regtech AfricaJuly 18, 20240

Nigeria

Nigeria: Tinubu Proposes Amendment to Finance Act to Tax Banks’ ₦2 Trillion FX Gains

President Bola Tinubu of Nigeria has requested the National Assembly to amend the 2024 Finance Act to impose a tax on the foreign ...

By Regtech AfricaJuly 18, 20240

Nigeria

Nigerian Government to Impose Windfall Tax on Banks

The Nigerian government is set to introduce a windfall tax on banks’ foreign currency revaluation gains, aiming to use the proceeds to support ...

By Regtech AfricaJuly 18, 20240

Nigeria

Nigeria: OKX to Cease Operations in Nigeria from August 16, 2024

OKX, a prominent cryptocurrency exchange, has announced that it will discontinue its services in Nigeria starting August 16, 2024. The exchange has urged ...

By Regtech AfricaJuly 18, 20240

News

Nigeria: PalmPay Maintains Zero-Fee Transfers to Boost Financial Inclusion

Financial technology firm PalmPay has announced the continuation of its zero-fee transfer policy, reinforcing its commitment to driving financial inclusion across Nigeria. Introduced ...

By Regtech AfricaJuly 18, 20240

News

Nigeria: Average FX Turnover Soars by 180% in One Year – CBN

The Central Bank of Nigeria (CBN) has reported a significant increase in the average foreign exchange (FX) turnover, which grew by 180.47 percent ...

By Regtech AfricaJuly 18, 20240

News

Nigeria: Wema Bank Launches AlatPay to Digitize SME Operations and Lead Cardless Payment Revolution

Wema Bank, a leading Nigerian financial institution, has unveiled AlatPay, an instant digital payment solution designed to help small and medium-sized enterprises (SMEs) ...

By Regtech AfricaJuly 18, 20240

News

South Africa’s Cryptocurrency Adoption Surges, Transforming Financial Landscape

Cryptocurrency adoption is surging in South Africa, significantly transforming the country’s financial landscape and positioning it as a leader in the global digital ...

By Regtech AfricaJuly 18, 20240

Africa: WATRA Committed to Bridging Digital Divide in West Africa – Aliyu Aboki

Nigeria: CRMI Commends SEC’s Directive for Capital Market Operators to Implement ERM

Global: MAS Allocates $100 Million to Advance Quantum and AI Projects in Financial Sector

Nigeria: Tinubu Proposes Amendment to Finance Act to Tax Banks’ ₦2 Trillion FX Gains

Nigerian Government to Impose Windfall Tax on Banks

Nigeria: OKX to Cease Operations in Nigeria from August 16, 2024

Nigeria: PalmPay Maintains Zero-Fee Transfers to Boost Financial Inclusion

Nigeria: Average FX Turnover Soars by 180% in One Year – CBN

Nigeria: Wema Bank Launches AlatPay to Digitize SME Operations and Lead Cardless Payment Revolution

South Africa’s Cryptocurrency Adoption Surges, Transforming Financial Landscape

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