Nigeria

Nigeria: NDPC Levies ₦400 Million in Fines on 7 Companies for Data Breaches

The National Data Protection Commission (NDPC) has imposed ₦400 million in fines on seven companies for various data breaches. Olatunji, a spokesperson for ...

By Regtech AfricaJune 14, 20240

Global

Global: Existing POS Systems Can Support Digital Pound, Says Bank of England

The Bank of England (BoE) has announced that existing point-of-sale (POS) terminals in the UK could be utilized to process digital pound payments, ...

By Regtech AfricaJune 14, 20240

Kenya

Kenya Increases Minimum Bank Capital Tenfold to Align with Regional Peers

The Central Bank of Kenya (CBK) will significantly raise the minimum capital requirement for commercial banks, increasing it tenfold to $77.8 million (KES ...

By Regtech AfricaJune 14, 20240

Ghana

Ghana: Bank of Ghana Completes Two Phases of Cross-Border Trading Using Digital Credentials

The Bank of Ghana (BoG) has successfully completed two phases of its Project DESFT, aimed at enhancing cross-border trade using digital credentials. Phase ...

By Regtech AfricaJune 14, 20240

Regulatory

Zimbabwe Plans to Develop a Cryptocurrency Regulatory Framework

The Zimbabwean government is inviting all cryptocurrency service providers, both domestic and international, to participate in shaping its new regulatory framework for the ...

By Regtech AfricaJune 14, 20240

Nigeria

Nigeria: World Bank, WTO, and NITDA Collaborate to Boost Digital Trade

The National Information Technology Development Agency (NITDA), in partnership with the World Bank and the World Trade Organization (WTO), is taking significant steps ...

By Regtech AfricaJune 14, 20240

Regulatory

Global: EBA Releases New Guidelines Under MiCA Regulation

The European Banking Authority (EBA) has unveiled a detailed set of technical standards and guidelines under the Markets in Crypto-Assets (MiCA) regulation, offering ...

By Regtech AfricaJune 14, 20240

Nigeria

Nigerian Fintech Startups Face High Costs with New KYC Regulations

In light of recent changes mandated by the Central Bank of Nigeria (CBN), fintech startups are now required to physically verify the addresses ...

By Regtech AfricaJune 14, 20240

News

Nigerian Government and World Bank Discuss Ambitious 90,000km Fiber-Optic Cable Project

In a significant move to enhance Nigeria’s digital infrastructure, the Federal Government has commenced discussions with the World Bank to support the deployment ...

By Regtech AfricaJune 14, 20240

News

Nigeria: GTCO Aims to Raise N500bn Capital by July

Guaranty Trust Holding Company Plc (GTCO) has announced plans to raise approximately N500bn starting in July. This information was disclosed in a preliminary ...

By Regtech AfricaJune 14, 20240

Nigeria: NDPC Levies ₦400 Million in Fines on 7 Companies for Data Breaches

Global: Existing POS Systems Can Support Digital Pound, Says Bank of England

Kenya Increases Minimum Bank Capital Tenfold to Align with Regional Peers

Ghana: Bank of Ghana Completes Two Phases of Cross-Border Trading Using Digital Credentials

Zimbabwe Plans to Develop a Cryptocurrency Regulatory Framework

Nigeria: World Bank, WTO, and NITDA Collaborate to Boost Digital Trade

Global: EBA Releases New Guidelines Under MiCA Regulation

Nigerian Fintech Startups Face High Costs with New KYC Regulations

Nigerian Government and World Bank Discuss Ambitious 90,000km Fiber-Optic Cable Project

Nigeria: GTCO Aims to Raise N500bn Capital by July

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