Regulatory
Global: Apple to Be Fined in Landmark Case Under EU Digital Markets Act
Apple is set to face a fine from the European Union’s antitrust regulators, marking the first penalty issued under the EU’s new Digital ...
Nigeria
Nigeria: Amended NDIC and BOFIA Acts Strengthen Financial Sector Stability, Says Senator Abiru
The recent amendments to the Nigerian Deposit Insurance Corporation (NDIC) Act and the Banks and Other Financial Institutions Act (BOFIA) are setting the ...
Nigeria
Nigeria’s Tax Reform Bills and FIRS’s Zacch Adedeji: Unpacking the Controversy
President Bola Tinubu’s recent submission of four tax reform bills to Nigeria’s National Assembly has ignited significant debate. At the center of this ...
Egypt
Egypt’s FRA Enforces Compliance for Insurance Sector Under New Unified Law
The Financial Regulatory Authority (FRA) in Egypt has introduced new regulations requiring entities across the insurance sector to align their operations with the ...
Nigeria
Nigeria: Naira Drops ₦67 as Nigeria Launches FX Disclosure Scheme to Stabilize Market
The naira weakened by ₦67 against the US dollar this past week as Nigeria launched a new foreign exchange disclosure scheme aimed at ...
Kenya
Kenya Refutes Claims of Unauthorized Citizen Tracking and Surveillance
Kenya’s government has dismissed allegations of unauthorized tracking and monitoring of citizens in partnership with mobile service providers. Speaking on the issue, a ...
Nigeria
Nigeria: NAICOM Dissolves Board and Management of African Alliance Insurance
The National Insurance Commission (NAICOM) has dissolved the board and management of African Alliance Insurance Plc, a longstanding Nigerian life assurance company, due ...
Regulatory
Global: Italy’s Finance Minister Defends 42% Crypto Capital Gains Tax Proposal
Italy’s Minister of Economy and Finance, Giancarlo Giorgetti, has defended the government’s proposal to raise the capital gains tax on cryptocurrencies, including Bitcoin, ...
Nigeria
Nigeria: SEC Updates Capital Market Studies Curriculum for Nigerian Universities
Nigeria’s Securities and Exchange Commission (SEC) has initiated a comprehensive update of the capital market studies curriculum in Nigerian universities, establishing a committee ...
Regulatory
Global: VyStar Credit Union Fined $1.5 Million for Mishandling Online Banking Migration
The Consumer Financial Protection Bureau (CFPB) has imposed a $1.5 million penalty on VyStar Credit Union due to significant issues arising from its ...