Nigeria
Nigeria: CBN to Resume Weekly FX Interventions Through BDCs to Strengthen Naira
In a significant move aimed at bolstering financial stability and reinforcing the value of the naira, the Central Bank of Nigeria (CBN) is ...
Regulatory
Global: EU Implements Instant Payments Regulations to Enhance Financial Accessibility
The European Council has approved a regulation aimed at facilitating instant payments in euros for consumers and businesses across the EU and EEA ...
Nigeria
Nigeria: CBN Sells Over $300 Million to Banks as Naira Strengthens
The Central Bank of Nigeria (CBN) has injected over $300 million into Deposit Money Banks over the past two weeks in a bid ...
Nigeria
Nigeria: CBN Requires Disclosure for FX Sales of $10,000+ to BDCs
The Central Bank of Nigeria (CBN) has issued a directive mandating sellers of foreign exchange (FX) to Bureau De Change (BDC) entities for ...
Nigeria
Nigeria: CPPE Advocates for CBN to Fix Customs Duty Exchange Rate at N1000/$
The Centre for the Promotion of Private Enterprise (CPPE) has urged the Central Bank of Nigeria (CBN) to set the customs duty exchange ...
Nigeria
Nigeria: CBN Prohibits Commercial Banks and Others from Owning BDCs, Raises License Fee
In an effort to stabilize the naira exchange rate, the Central Bank of Nigeria (CBN) has introduced revised regulatory and supervisory guidelines for ...
Nigeria
Nigerian Government Implements Restrictions on Binance, Coinbase, Kraken, and Other Crypto Platforms
In response to a currency crisis and ongoing challenges with the local currency (Naira), the Nigerian government has taken measures to block access ...
Nigeria
Nigeria: CBN Proposes Increase in BDC Share Capital to Enhance Regulatory Framework
The Central Bank of Nigeria (CBN) is contemplating a significant increase in the share capital requirements for Bureau De Change (BDC) operators, proposing ...
Regulatory
Global: ECB Officials Critique Crypto Regulation as Dressing for a ‘Naked Emperor’
High-ranking payments experts at the European Central Bank (ECB) have criticized the Securities and Exchange Commission’s (SEC) approval of spot exchange-traded funds (ETFs) ...
Regulatory
Global: Frankfurt Secures Bid to Host New EU Anti-Money Laundering Agency
After a rigorous selection process, Frankfurt has emerged victorious in the bid to host the European Union’s new Anti-Money Laundering Authority (AMLA), surpassing ...
