Regulatory
Copyright Commission Charged on regulatory and enforcement mandates
Operatives of Nigerian Copyright Commission (NCC) have been charged to uphold the Public Service ethics of transparency, accountability, integrity and professionalism for proactive ...
Regulatory
New Russian Law Bans Bitcoin Payments for Goods and Services
Russian lawmakers have passed a bill that gives legal status to cryptocurrencies such as bitcoin – but bans them from being used to ...
Regulatory
Stamp duty payable on rent below seven years is 0.78 per cent
The Federal Inland Revenue Service (FIRS) on Saturday clarified that the stamp duty payable on rent or lease agreement for a period below seven years ...
Regulatory
US Insurance Regulators Pledge To Address Racism And Discrimination Within The Industry
The National Association of Insurance Commissioners (NAIC) has announced the formation of a special committee focused on Race and Insurance. “Our regulatory system ...
Regulatory
US Takes Down $25 Million Bitcoin ATM Operation, Seizes 17 Machines
The U.S. government has taken down a $25 million bitcoin ATM operation and seized 17 machines along with some cryptocurrencies. The Department of ...
Regulatory
China warned to prepare for ‘big rise’ in bad loans as financial system braces against coronavirus, rising global tensions
China’s banking regulator has asked the country’s lenders to make preparations for a “big rise” in non-performing loans as part of Beijing’s efforts ...
Regulatory
Minister orders NIPOST to suspend new charges
The Minister of Communications and Digital Economy, Isa Pantami, has ordered the Nigerian Postal Service to halt the implementation of the new charges ...
Regulatory
CBN sets November 2022 for migration to new ISO20022 messaging standard
The Central Bank of Nigeria (CBN), has directed all financial institutions to migrate to a new standard for exchanging electronic messages known as ...
Regulatory
China scraps almost all foreign ownership limits for financial sector
Move opens doors wider for foreign players but further obstacles remain China has scrapped foreign ownership limits in almost all areas of its ...
Regulatory
NCC seeks resolution to banks telcos USSD dispute
The Nigerian Communications Commission has called for an amicable resolution to the discrepancies in USSD charges received by banks and payments made to ...