Nigeria
FCCPC Initiates Measures to Address Rising Indebtedness from Loan Apps
The Federal Competition and Consumer Protection Commission (FCCPC) has revealed plans to establish a comprehensive regulatory framework to tackle the issue of increasing ...
Regulatory
Bank Verification Number (BVN) Enrollments Reach 59.9 Million Ahead of CBN’s Planned Sanction
As of December 18, 2023, the Bank Verification Number (BVN) enrollments have reached 59.9 million, according to the latest data released by the ...
Nigeria
Nigeria: CBN Reverses Crypto Transaction Ban for Banks with Regulatory Framework
In a recent circular addressed to banks and financial institutions, the Central Bank of Nigeria (CBN) has lifted the restrictions on banks, allowing ...
Regulatory
Global: UK Advances Data Protection Bill Amid AI and EU Alignment Concerns
The UK Data Protection and Digital Information Bill have progressed to the committee stage for meticulous examination after receiving a second reading in ...
Nigeria
Nigeria: Central Bank of Nigeria Issues Warning Against Cash Scarcity Conspiracy by Banks and PoS Operator
The Central Bank of Nigeria (CBN) has issued a stern warning to both banks and Point-of-Sale (PoS) operators regarding an alleged conspiracy that ...
Ghana
Ghana Revenue Authority Announces Value Income Tax for Ride-Hailing Vehicles from January 1
Commencing January 1, 2024, the Ghana Revenue Authority (GRA) is set to implement a new tax policy known as the Value Income Tax ...
Nigeria
Nigeria: House of Representatives Urges CBN to Include Chinese Yuan in External Reserves
The House of Representatives has recommended the inclusion of the Chinese Yuan as an official foreign exchange reserve currency, alongside other globally recognized ...
Regulatory
Global: UK Unveils FCA Regulations for Digital Securities Sandbox
The United Kingdom has introduced regulations empowering the Financial Conduct Authority (FCA) and the Bank of England to oversee a digital securities sandbox ...
Regulatory
Global: Google Settles Antitrust Lawsuit for $700 Million, Allows Direct Payment Options on Play Store
Google has reached a settlement in an antitrust lawsuit, agreeing to pay $700 million and allowing developers on its Play app store to ...
Nigeria
Nigeria: FIRS Instructs Banks to Implement Electronic Money Transfer Levy on Foreign Currency Transactions
The Federal Inland Revenue Service (FIRS) has issued a directive to deposit money banks, instructing them to deduct and remit the Electronic Money ...