Nigeria
Nigeria: CBN, First Bank Advocate Stronger Collaboration with Chinese Banks
The Central Bank of Nigeria (CBN) and First Bank Nigeria Limited have called for enhanced collaboration between Nigerian and Chinese banks to support ...
Regulatory
Global: Hong Kong Central Bank Introduces Subsidies to Boost Tokenized Bond Issuance
Hong Kong is strengthening its position as a global financial innovator by incentivizing tokenized bond issuances through a subsidy program introduced by the ...
Regulatory
Global: Taiwan Tightens AML Rules for Crypto Providers with Accelerated Registration Deadline
Taiwan has ramped up its anti-money laundering (AML) measures for cryptocurrency businesses, introducing stricter registration requirements and advancing the enforcement timeline. Accelerated AML ...
Regulatory
Global: EU Commission Adopts Technical Standards for Digital ID Wallets Ahead of 2026 Deadline
The European Commission has approved new regulations to standardize the core functionalities and certification processes for European Digital Identity Wallets, marking a significant ...
Regulatory
Global: Wise Implements European AML Remediation Plan Amid Regulatory Scrutiny
Wise, the global fintech company, entered a European remediation plan following a review by the National Bank of Belgium (NBB) in early 2022, ...
Nigeria
Nigeria: House of Representatives to Summon CBN Governor, Bank CEOs Over Unverified POS Operators
The House of Representatives has resolved to summon the Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, alongside the Chief Executive ...
Nigeria
Nigeria: PenCom Launches E-Pension Clearance Certificate Application Portal for Employers
The National Pension Commission (PenCom) has introduced a fully automated online platform for employers to apply for Pension Clearance Certificates (PCCs), marking a ...
Nigeria
Nigeria: CBN Raises Interest Rate to 27.5% Amid Inflation Concerns
The Central Bank of Nigeria (CBN) has increased its Monetary Policy Rate (MPR) by 25 basis points to 27.5%, up from 27.25%. The ...
Nigeria
Nigeria: CBN Sets $100,000 Minimum Trade Limit on New Electronic FX Platform
The Central Bank of Nigeria (CBN) has announced the introduction of a minimum trade threshold of $100,000 for transactions conducted on its newly ...
Regulatory
Global: FSB Adjusts Capital Requirements for Bank of America and Crédit Agricole in 2024 Update
The Financial Stability Board (FSB) has announced adjustments to the capital requirements for two global systemically important banks (G-SIBs) in its 2024 update. ...