Nigeria
Nigeria: CBN Eliminates Restrictions on Exchange Rate Quotes by IMTOs
The Central Bank of Nigeria (CBN) has taken a significant step in its commitment to liberalize the Nigerian foreign exchange market by removing ...
Nigeria
Nigeria: CBN Sets $1 Million Minimum Capital Requirement for International Money Transfer Operators
The Central Bank of Nigeria (CBN) has established a minimum share capital requirement of $1 million for International Money Transfer Operators (IMTOs) operating ...
Regulatory
Global: EU Member States Approve Milestone AI Act in Landmark Decision
The European Union has achieved a significant milestone in the regulation of artificial intelligence (AI), as all 27 member states voted to approve ...
Regulatory
Global: Bank of England Maintains 5.25% Interest Rate, Awaits Further Inflation Clarity
For the fourth consecutive meeting, the Bank of England has opted to keep the interest rates steady at 5.25%, citing the need for ...
Regulatory
Global: Indian Regulator Shuts Down Paytm’s Bank Due to Ongoing Compliance Issues
The Reserve Bank of India (RBI) has ordered Paytm Payments Bank, responsible for processing transactions for Indian FinTech Paytm, to halt its operations ...
Nigeria
Nigeria: Federal Government Unveils Plans for Innovative Investment in Data Protection
In a bid to revolutionize data protection and leverage the potential of the digital economy for economic growth, the Federal Government has announced ...
Nigeria
Nigeria: CBN Issues Guidelines to Curtail Foreign Currency Manipulation by Banks
In a bid to address unethical banking practices related to foreign currency manipulation, the Central Bank of Nigeria (CBN) has released fresh guidelines ...
Nigeria
Nigeria: CBN Takes Measures to Halt Forex Speculation and Hoarding by Banks
In an effort to curb foreign exchange (forex) speculation and enhance risk mitigation, the Central Bank of Nigeria (CBN) has issued a new ...
Nigeria
Nigeria: CBN Introduces Fresh Measures to Mitigate Foreign Currency Risks
In a circular dated January 31, 2024, the Central Bank of Nigeria (CBN) expressed its apprehension about the increasing foreign currency exposures of ...
Regulatory
Global: FCC Chair Proposes Ban on AI-Generated Robocalls
In a recent announcement on January 31, Chairwoman Jessica Rosenworcel of the United States Federal Communications Commission (FCC) has put forth a proposal ...