Nigeria
Nigeria: EFCC Freezes N30 Billion Linked to NSIPA Moved to Private Accounts
The Economic and Financial Crimes Commission (EFCC) has taken action in an ongoing investigation, freezing N30 billion of the N44 billion traced from ...
Regulatory
Global: Industry Groups Call for Enhanced Data Protection Measures in CFPB’s Open Banking Rules
Two industry groups, The Clearing House Association and Bank Policy Institute, have expressed concerns that the Consumer Financial Protection Bureau’s (CFPB) proposed open ...
Nigeria
Nigeria: Federal Government Directs MDAs to Channel 100% Revenue to New Treasury Account
The Federal Ministry of Finance has issued a directive to all Ministries, Departments, and Agencies (MDAs) of the federal government, instructing them to ...
Global
Global: China’s Top Banks Heighten Scrutiny on Smaller Peers to Mitigate Credit Risk
In response to the deepening property debt crisis affecting China’s economy, several of the country’s major banks have intensified their examination of smaller ...
Regulatory
Global: Chief Justice of US Supreme Court Anticipates Significant Impact of AI on Legal Practices
Chief Justice John Roberts of the United States Supreme Court, in his annual year-end report released on December 31, predicted a “significant” impact ...
Nigeria
Nigeria: Leadway Assurance Announces Leadership Transition in Line with Regulatory Guidelines
In adherence to the regulatory directives of the National Insurance Commission regarding the 10-year tenure limit for managing directors and executive directors in ...
Regulatory
Global: Circle Receives Conditional Regulatory Approval in France
Circle, the issuer of USD Coin, has achieved conditional registration as a Digital Asset Service Provider (DASP) from French regulatory authorities. This move ...
Regulatory
Global: IMF Cautions on Risks Associated with Central Bank Digital Currencies (CBDCs) Without Adequate Regulation
The International Monetary Fund (IMF) has issued a warning about the potential risks associated with Central Bank Digital Currencies (CBDCs) if they are ...
Namibia
Namibia Extends SIM Card Registration Deadline to March Following Government Announcement
The Minister of Information and Communication Technology, Peya Mushelenga, has officially extended the deadline for SIM card registration to March 31. Initially set ...
Ghana
Ghana Revenue Authority Pursues Unpaid Taxes, Targets Foreign Nationals’ Accounts Worth GH¢1.6 Billion
The Commissioner-General of the Ghana Revenue Authority (GRA) has announced plans to pursue the accounts of Ghanaians living abroad due to outstanding tax ...