News
Nigeria’s Central Bank Establishes Compliance Department to Enhance Financial Sector Transparency
In a decisive move to bolster transparency and accountability in Nigeria’s financial sector, the Central Bank of Nigeria (CBN) has announced the establishment ...
News
Global: SEC’s Crypto Enforcement Actions Decline by 30% in Gensler’s Final Year
Crypto enforcement actions by the U.S. Securities and Exchange Commission (SEC) dropped significantly during the last year of Gary Gensler’s tenure as Chair, ...
Fintech
Global: PayPal to Pay $2 Million Fine Over Cybersecurity Failures Exposing Customers’ Social Security Numbers
PayPal has agreed to pay a $2 million fine to settle charges from the New York State Department of Financial Services (NYDFS) over ...
Innovation
Global: FCA and PSR Unveil Next Steps to Advance Open Banking in the UK
The Financial Conduct Authority (FCA) and the Payment Systems Regulator (PSR) have outlined plans to enhance open banking in the UK, including the ...
Fintech
Global: Visa Partners with Moniepoint to Drive SMB Growth and Financial Inclusion in Africa
Visa, a global leader in digital payments, has announced a strategic investment in Nigerian FinTech Moniepoint, signaling a bold move to accelerate the ...
News
Global: SEC Forms Crypto Task Force, Vows Improved Regulatory Approach
The Securities and Exchange Commission (SEC) has launched a dedicated crypto task force, signaling a shift in its regulatory stance on digital assets. ...
Innovation
Global: UK FCA Advances from Open Banking to Open Finance
The United Kingdom, a pioneer in open banking, is now charting a course toward “open finance,” leveraging a decade of progress since the ...
News
Nigeria’s Collective Investment Schemes Surpass ₦3 Trillion
The Securities and Exchange Commission (SEC) has announced that the value of collective investment schemes (CIS) in Nigeria has exceeded ₦3 trillion as ...
News
Nigeria: Interbank Rates Decline as FAAC Credit Boosts Banking System Liquidity
Interbank rates have dropped as liquidity pressures in the money market eased, driven by inflows from the Federal Accounts Allocation Committee (FAAC). Despite ...
News
Nigeria: FG Justifies Tariff Hike Amid Legal Challenges from SERAP and Subscribers
The Federal Government, through the Minister of Communications, Innovation, and Digital Economy, Bosun Tijani, has defended the recent 50% tariff hike for telecom ...