News

Nigeria and India to Establish Local Currency Trade Settlement System

Nigeria and India are on the brink of finalizing a local currency trade settlement system to streamline international trade between the two countries. ...

By Regtech AfricaMay 4, 20240

Nigeria

Nigeria: Central Bank Governor Urges Collaboration to Tackle Inflationary Pressures

Olayemi Cardoso, the Governor of the Central Bank of Nigeria (CBN), has emphasized the necessity for fiscal authorities to address emerging sources of ...

By Regtech AfricaMay 4, 20240

Nigeria

Nigeria: Court Directs FCT Revenue Agency to Seal Off Non-Compliant Companies

In a recent development, a Magistrate Court situated in Wuse Zone 2, Abuja, has issued an order for the Federal Capital Territory Internal ...

By Regtech AfricaMay 4, 20240

Nigeria

Nigeria: Insurance NGO Urges Urgent Regulatory Reforms from New NAICOM Management

Transparent Protection Ltd/Gte, an insurance Non-Governmental Organisation (NGO), has called on the new management of the National Insurance Commission (NAICOM) to expedite regulatory ...

By Regtech AfricaMay 4, 20240

Nigeria

Nigerian Logistics Startup Renda Raises $1.9 Million in Pre-Seed Funding Round

Renda, a Nigerian logistics startup, has secured $1.9 million in a pre-seed funding round aimed at expanding its end-to-end fulfilment solutions throughout Africa. ...

By Regtech AfricaMay 3, 20240

Regulatory

Global: UK Enacts Landmark Law to Enhance Security of Smart Devices

In combating cyber threats, the United Kingdom has taken a pioneering step by addressing a critical vulnerability: weak default passwords in smart devices. ...

By Regtech AfricaMay 3, 20240

Regulatory

Global: BlueSnap Agrees to $10 Million Settlement with FTC Over Processing Fraudulent Payments

Payments processor BlueSnap, along with its former CEO and senior vice president, has reached a $10 million settlement with the Federal Trade Commission ...

By Regtech AfricaMay 3, 20240

South Africa

South Africa to Tighten Cryptocurrency Regulations with New ‘Travel Rule’

Sumsub urges South African firms involved in crypto transactions to seriously consider Travel Rule requirements Cryptocurrency services may soon find themselves facing increased ...

By Regtech AfricaMay 3, 20240

Namibia

Namibia Embraces India’s UPI Technology for Instant Payments System

The Bank of Namibia has enlisted the expertise of NPCI International Payments to aid in the development of an instant payments system inspired ...

By Regtech AfricaMay 3, 20240

Nigeria

Nigeria: Active Mobile Subscriptions Decline by 5.4 Million Due to NIN-SIM Linkage

Data from the Nigerian Communications Commission (NCC) has revealed a decrease in total active mobile subscriptions in the country, with a dip of ...

By Regtech AfricaMay 3, 20240

Nigeria and India to Establish Local Currency Trade Settlement System

Nigeria: Central Bank Governor Urges Collaboration to Tackle Inflationary Pressures

Nigeria: Court Directs FCT Revenue Agency to Seal Off Non-Compliant Companies

Nigeria: Insurance NGO Urges Urgent Regulatory Reforms from New NAICOM Management

Nigerian Logistics Startup Renda Raises $1.9 Million in Pre-Seed Funding Round

Global: UK Enacts Landmark Law to Enhance Security of Smart Devices

Global: BlueSnap Agrees to $10 Million Settlement with FTC Over Processing Fraudulent Payments

South Africa to Tighten Cryptocurrency Regulations with New ‘Travel Rule’

Namibia Embraces India’s UPI Technology for Instant Payments System

Nigeria: Active Mobile Subscriptions Decline by 5.4 Million Due to NIN-SIM Linkage

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