Nigeria
FIRS targets N446b from Stamp Duties
The Federal Inland Revenue Service (FIRS) says it is ready and equipped to help the government deliver on its commitment to the people ...
Regulatory
CBN orders banks to pay 10% of MPR as interest on savings deposit
The Central Bank of Nigeria (CBN) has ordered banks to henceforth pay 10% of it’s Monetary Policy Rate (MPR) as the minimum interest ...
Regulatory
Robinhood under investigation by SEC, FINRA for handling of day-long March outage
Robinhood is under investigation by the Securities and Exchange Commission and the Financial Industry Regulatory Authority over its handling of a March outage. ...
Regulatory
Indian Banks asked to refund charges collected for digital payments after Jan 1
In a move to encourage digital payments in India, the Central Board of Direct Taxes (CBDT) said that banks can not levy any ...
Regulatory
We will soon extend the GSI policy to OFIs — CBN
The Director, Financial Policy and Regulation Department, CBN, Mr Kevin Amugo on Friday said that talks were ongoing with other financial institutions, to ...
Regulatory
US SEC Redefines Accredited Investors to Include Those With Proven Knowledge
The U.S. Securities and Exchange Commission (SEC) has amended the definition of accredited investors, such as to include those with proven financial knowledge. ...
Regulatory
9PSB gets final approval from CBN with
Payment Service Banks facilitates sending remittances across the country from one user to another, bypassing the banks. As bank customers continue to encounter ...
Regulatory
Regulated Blockchain – A New Dawn in Technological Advancement
For blockchain to be widely accepted, there will be a need for some level of assimilation with the traditional way of doing things. ...
Regulatory
CBN grants licenses to three Payment Service Banks
The Central Bank of Nigeria (CBN) has granted final licenses to three Payment Service Banks (PSBs) to start operation.The final approval to the ...
Regulatory
Brazil’s central bank examines the benefits of a CBDC
The Central bank of Brazil, (Banco Central do Brasil) is laying the groundwork for a Central Bank Digital Currency (CBDC) with an official ...
