Regulatory
CBN sets November 2022 for migration to new ISO20022 messaging standard
The Central Bank of Nigeria (CBN), has directed all financial institutions to migrate to a new standard for exchanging electronic messages known as ...
Regulatory
China scraps almost all foreign ownership limits for financial sector
Move opens doors wider for foreign players but further obstacles remain China has scrapped foreign ownership limits in almost all areas of its ...
Regulatory
NCC seeks resolution to banks telcos USSD dispute
The Nigerian Communications Commission has called for an amicable resolution to the discrepancies in USSD charges received by banks and payments made to ...
Regulatory
Nigerian govt approves establishment of infrastructure development firm
The Central Bank of Nigeria (CBN) is to establish an Infrastructure Development Company, its governor, Godwin Emefiele, disclosed on Monday in Abuja. Mr Emefiele, who ...
Regulatory
FIRS clarifies stamp duty rates, others
Following several requests by taxpayers seeking clarifications on the current administration of Stamp Duties Act in the country, the Federal Inland Revenue Service ...
Regulatory
SEC seeks automation of capital market processes to guarantee efficiency
The Securities and Exchange Commission (SEC), has expressed its readiness to automate capital market processes to conform to current technological trends to ensure ...
Regulatory
UK Government kicks off fintech review
The UK Government has commenced a review into the nation’s fintech industry, viewed as a key lynchpin in the country’s economic recovery from ...
Regulatory
Citadel Securities Fined $700K for Alleged Breach of FINRA Rules
FINRA accused the company of trading ahead of certain inactive OTC customer orders. The Financial Industry Regulatory Authority (FINRA) recently announced that it has fined ...
Regulatory
NSE Sanctions Five Firms for Market Infractions
Nigerian Stock Exchange (NSE) has sanctioned Standard Alliance Insurance Plc, Prestige Assurance Plc, Goldlink Insurance Plc, African Alliance Insurance Plc and International Energy ...
Regulatory
FCA confirms post-Brexit cooperation deals with EU regulators
The UK’s Financial Conduct Authority (FCA) has confirmed a series of agreements signed with European regulators. In 2019, the watchdog signed a memoranda ...
