Regulatory
NDIC begins verification of depositors in failed Microfinance Banks
The Nigeria Deposit Insurance Corporation (NDIC) has commenced the closure of 42 Microfinance Banks (MFBs) whose operating licences were recently revoked by the ...
Opinions
RegTech: Easing the Burden of Compliance for FMCG
The emergence of Regtech dates back to the economic plunge of 2008. The financial disaster spurred an increase in regulation in the finance ...
Regulatory
Traditional banks offer digital asset custody amid compliance legislation
More and more traditional banks have started announcing support for digital assets as the price of Bitcoin (BTC) continues to make headlines for ...
Regulatory
Ireland Levies $550K Fine Against Twitter For Violating GDPR Rules
Ireland’s Data Protection Commission (DPC) concluded it’s investigation into Twitter and determined that the U.S. social media giant violated the European Union’s General Data Protection Regulation (GDPR) ...
Regulatory
CBN Liquidates 42 Microfinance Banks
The Central Bank of Nigeria has revoked the licenses of 42 microfinance banks in the country and has subsequently closed them. The Nigeria ...
Regulatory
SEC fines Robinhood $65m over trade dealings
Stock trading app Robinhood has been hit with a $65 million fine by the Securities and Exchange Commission for misleading customers about payment ...
Regulatory
Digital Wallet Apple Pay Draws Antitrust Scrutiny
Apple’s digital wallet Apple Pay is under fire for possible antitrust violations, adding to the previous scrutiny over alleged anticompetitive behavior in its App Store, ...
Regulatory
CBN directs banks to close naira accounts of money transfer operators
The Central Bank of Nigeria ( CBN) has ordered Deposit Money Banks (DMBs) to close all the naira accounts of International Money Transfer ...
Regulatory
SIM Card Deadline – NIMC assures of adequate preparations
The National Identity Management Commission (NIMC) Thursday said that there is no cause for panic regarding the two weeks deadline for deactivation of ...
Regulatory
Central Bank of Kenya ends free M-Pesa transfers
The Central Bank of Kenya (CBK) has lifted the waiver on mobile money transaction fees under Sh1000 beginning January. CBK says only mobile ...