Regulatory
Global: NatWest Blocks WhatsApp on Work Devices
NatWest has recently restricted the use of unapproved messaging apps, including WhatsApp, on employee work devices. The move aligns with the bank’s policy ...
Regulatory
Global: Fed Governor Waller: No Current Need for a Central Bank Digital Currency (CBDC)
Federal Reserve Governor Christopher J. Waller stated that the evolution of payment systems should be primarily driven by the private sector, with the ...
Nigeria
Nigeria: Money Market Rates Surge Amid Liquidity Squeeze Due to CRR Debits
Money market rates surged to double-digit highs this week, driven by a liquidity squeeze in the banking sector. Opening with a liquidity deficit ...
Nigeria
Nigeria: Lotus Bank Achieves CBN’s Minimum Capital Requirement Ahead of New Mandate
Lotus Bank Limited, Nigeria’s pioneering non-interest bank, has confirmed it has met the Central Bank of Nigeria’s (CBN) updated minimum capital requirement for ...
Regulatory
Global: UK Financial Regulators Establish New Rules for Oversight of Critical Third-Party Tech Providers
The UK’s financial regulators have announced new measures for overseeing third-party technology providers that are critical to the financial sector. The move by ...
Regulatory
Global: EU Regulators Warn Apple Over Geo-Blocking Practices
The European Commission and the Consumer Protection Cooperation Network have issued a warning to Apple, demanding that it address geo-blocking practices affecting certain ...
Ghana
Ghana: Bank of Ghana Directs Financial Institutions to Pause Remittance Partnerships with Taptap Send
The Bank of Ghana (BoG) has instructed all financial institutions, including commercial banks, Dedicated Electronic Money Issuers, and Enhanced Payment Service Providers, to ...
Egypt
Egypt’s FRA Strengthens Policies to Boost Efficiency and Competitiveness in Insurance Sector
Mohamed Farid, Chairperson of Egypt’s Financial Regulatory Authority (FRA), delivered the keynote address at the sixth annual Insurance and Reinsurance Forum in Sharm ...
Nigeria
Nigeria: FIRS Enhances Taxpayer-Friendly Approach Amid Transformative Initiatives — Chairman
The Executive Chairman of the Federal Inland Revenue Service (FIRS), Dr. Zacch Adedeji, has highlighted the agency’s commitment to a more taxpayer-friendly approach, ...
Regulatory
Global: Norway Backs EU’s MiCA and Explores CBDC for Enhanced Financial Stability
Norges Bank, Norway’s central bank, has shown support for the European Union’s Markets in Crypto-Assets Regulation (MiCA) as it evaluates a potential Central ...