Central Bank Reports Currency in Circulation Reaches N3.87tn

Nigeria

Nigeria: CBN Implements Cybersecurity Levy on Electronic Transfers

The Central Bank of Nigeria (CBN) has mandated a 0.005 percent Cybersecurity Levy deduction on electronic transfers, according to a circular issued yesterday. ...

By Regtech AfricaMay 7, 20240

News

Nigeria: Central Bank Reports Currency in Circulation Reaches N3.87tn

The Central Bank of Nigeria (CBN) has disclosed that the value of Nigeria’s currency in circulation surged to N3.87tn by the end of ...

By Regtech AfricaMay 6, 20240

Nigeria

Nigeria’s Cryptocurrency P2P Market Projected to Reach $500 Billion Amid Regulatory Pressures

Nigeria’s cryptocurrency peer-to-peer (P2P) market could surge to billions of dollars despite increasing regulatory crackdowns by the government. Ray Youssef, CEO of Nigeria’s ...

By Regtech AfricaMay 6, 20240

Ghana

Ghana: Societe Generale Bank to Cease Operations in Ghana after 20 Years – Reports

According to several media reports, French bank Societe Generale is set to exit the Ghanaian market after approximately 20 years of operation. The ...

By Regtech AfricaMay 6, 20240

News

Nigeria: Fitch Revises Nigeria’s Credit Outlook to Positive Amid Reform Progress

Fitch, a leading global credit ratings agency, has upgraded Nigeria’s long-term credit default rating from stable to positive, citing reforms in various sectors ...

By Regtech AfricaMay 6, 20240

Nigeria

Nigerian Fintech Firms Enforce Stricter Measures on Crypto Transactions Amid CBN Directive

Reports indicate that Nigerian fintech firms have initiated tighter controls on crypto transactions within the country, following a directive issued by the Central ...

By Regtech AfricaMay 5, 20240

Kenya

Kenya: Payless Africa Unveils Youth-Centric Payment Platform for Kenyan Market

Payless Africa, a leading fintech company specializing in digital financial solutions, has officially introduced its youth-centric payment platform in Kenya. Through its mobile ...

By Regtech AfricaMay 5, 20240

Nigeria

Nigeria: SEC Chief to Convene Meeting with Local and International Crypto Exchanges

Dr. Emomotimi Agama, the newly appointed Director General of the Securities and Exchange Commission (SEC), is scheduled to meet with both local and ...

By Regtech AfricaMay 5, 20240

Regulatory

Zimbabwe’s New Currency ZIG Faces Resistance from Citizens

Recent reports indicate that Zimbabwe’s newly launched currency, the ZIG, introduced in early April, is encountering low acceptance among the population. Towards the ...

By Regtech AfricaMay 4, 20240

Regulatory

Global: CFTC Commissioner Proposes AI Fraud Task Force

Kristin Johnson, Commissioner of the United States Commodity Futures Trading Commission (CFTC), has put forward three proposals aimed at regulating artificial intelligence (AI) ...

By Regtech AfricaMay 4, 20240

Nigeria: CBN Implements Cybersecurity Levy on Electronic Transfers

Nigeria: Central Bank Reports Currency in Circulation Reaches N3.87tn

Nigeria’s Cryptocurrency P2P Market Projected to Reach $500 Billion Amid Regulatory Pressures

Ghana: Societe Generale Bank to Cease Operations in Ghana after 20 Years – Reports

Nigeria: Fitch Revises Nigeria’s Credit Outlook to Positive Amid Reform Progress

Nigerian Fintech Firms Enforce Stricter Measures on Crypto Transactions Amid CBN Directive

Kenya: Payless Africa Unveils Youth-Centric Payment Platform for Kenyan Market

Nigeria: SEC Chief to Convene Meeting with Local and International Crypto Exchanges

Zimbabwe’s New Currency ZIG Faces Resistance from Citizens

Global: CFTC Commissioner Proposes AI Fraud Task Force

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