News
Nigeria: NCC, Telcos Hold Firm on USSD Debt Deadline for Banks
The Nigerian Communications Commission (NCC) and telecommunications companies have reiterated that there will be no extension to the deadline for banks to settle ...
News
Nigeria: Interbank Rates Decline Amid Surplus Liquidity in Nigeria’s Banking System
Interbank funding rates have continued their downward trend, driven by a substantial liquidity surplus within Nigeria’s financial system. The money market opened the ...
News
Nigeria: SEC Warns Public Against Transactions with Risevest and Stecs
The Securities and Exchange Commission (SEC) has issued a warning to the public against engaging in investment transactions with Risevest (Victoria Island) Cooperative ...
News
Global: The Bank of London Faces Scrutiny Over Late Filing of 2023 Accounts
The Bank of London, a UK clearing bank, has failed to meet its deadline to file its 2023 accounts with Companies House, originally ...
News
Nigeria’s Central Bank Establishes Compliance Department to Enhance Financial Sector Transparency
In a decisive move to bolster transparency and accountability in Nigeria’s financial sector, the Central Bank of Nigeria (CBN) has announced the establishment ...
News
Global: SEC’s Crypto Enforcement Actions Decline by 30% in Gensler’s Final Year
Crypto enforcement actions by the U.S. Securities and Exchange Commission (SEC) dropped significantly during the last year of Gary Gensler’s tenure as Chair, ...
Fintech
Global: PayPal to Pay $2 Million Fine Over Cybersecurity Failures Exposing Customers’ Social Security Numbers
PayPal has agreed to pay a $2 million fine to settle charges from the New York State Department of Financial Services (NYDFS) over ...
Innovation
Global: FCA and PSR Unveil Next Steps to Advance Open Banking in the UK
The Financial Conduct Authority (FCA) and the Payment Systems Regulator (PSR) have outlined plans to enhance open banking in the UK, including the ...
Fintech
Global: Visa Partners with Moniepoint to Drive SMB Growth and Financial Inclusion in Africa
Visa, a global leader in digital payments, has announced a strategic investment in Nigerian FinTech Moniepoint, signaling a bold move to accelerate the ...
News
Global: SEC Forms Crypto Task Force, Vows Improved Regulatory Approach
The Securities and Exchange Commission (SEC) has launched a dedicated crypto task force, signaling a shift in its regulatory stance on digital assets. ...