Regulatory
Why CBN Sacked First Bank Board – Emefiele
Mr Emefiele has said for years the bank has been plagued by “bad credit decisions, significant and non-performing insider loans and poor corporate ...
News
First Bank confirms CBN’s directive as Adeduntan resumes duty as CEO
First Bank of Nigeria Limited has confirmed the Central Bank of Nigeria (CBN’s) directive to reinstate Adesola Adeduntan as MD/CEO. The organisation, in ...
Regulatory
Beijing summons online financial platforms and warns over unfair market practices
China’s top financial regulators have summoned 13 of the country’s technology companies that run online financial businesses, including Tencent Holdings and Tik Tok-owner ...
Regulatory
Turkey Drafting Crypto Regulation — Central Bank Says No Intention to Ban Cryptocurrencies
The Turkish government is reportedly creating a regulatory framework for cryptocurrencies after two crypto exchanges in the country abruptly halted trading and are ...
Regulatory
PenCom asks PFAs to raise shareholders funds to N5bn
The National Pension Commission (PenCom) has asked the Pension Funds Administrators to raise their shareholders’ funds from N1bn to N5bn. Some operators disclosed ...
Regulatory
Nigeria-CBN Queries First Bank for Removing CEO without Approval
The Central Bank of Nigeria (CBN) has queried the Board of the First Bank of Nigeria Plc for removing Dr Adesola Adeduntan, the ...
Regulatory
Nigerian Regulator Issues ‘Extreme Caution’ Crypto Investments Warning
Nigeria’s Economic and Financial Crimes Commission (EFCC) has become the latest body to warn of risks associated with cryptocurrency investments. In a public ...
Regulatory
Nigeria: CBN Licenses 10 More International Money Transfer Operators
The Central Bank of Nigeria (CBN) has granted operating licences to 10 additional international money transfer operators (IMTOs) as part of efforts to ...
Regulatory
FCA to introduce ‘regulatory nursery’ for newly-licenced firms
The UK’s Financial Conduct Authority is to establish a ‘regulatory nursery’ in the Autumn to ensure keener oversight of newly-authorised institutions. The initiative ...
Regulatory
SEC Commissioner on Banning Bitcoin: ‘It’s Very Difficult to Ban Peer-to-Peer Technology’
SEC Commissioner Hester Peirce believes that the U.S. government cannot ban bitcoin, stating that “it’s very difficult to ban something that’s essentially a ...