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 ...
Nigeria
NSITF Aims to Bolster Security in Agency Banking and Fintech through Employee Compensation Scheme
To strengthen the security and welfare of workers in Nigeria’s informal sector, the Nigeria Social Insurance Trust Fund (NSITF) has initiated steps to ...
Global
Global: Kazakhstan’s CBDC Pilot Streamlines VAT Refunds, Slashes Wait Times
Kazakhstan’s National Bank (NBK) is showcasing the transformative potential of its central bank digital currency (CBDC), the digital tenge, with a pilot program ...
Egypt
Egypt’s Regulators to Launch Joint Digital Platform for Telecom User Complaints
Egypt’s regulatory bodies are enhancing their approach to handling telecom user complaints with a new digital platform following a recent cooperation protocol. This ...
Regulatory
South African Competition Tribunal Blocks Vodacom-Maziv Merger
In a surprising move, the South African Competition Tribunal has blocked Vodacom’s proposed merger with fibre provider Maziv, a decision that Vodacom described ...
Regulatory
Global: Russia Issues Unprecedented $2.5 Decillion Fine to Google Over YouTube Bans
In an extraordinary ruling, Russia has imposed a record-breaking fine of $2.5 decillion on Google for refusing to reinstate pro-Kremlin and state-affiliated media ...
Nigeria
Nigeria: CBN to Begin Regular Data Sharing on Net External Reserves from 2025 — Cardoso
The Central Bank of Nigeria (CBN) Governor, Mr. Olayemi Cardoso, announced that starting in 2025, the CBN will regularly disclose information on the ...
Nigeria
Nigeria: FCCPC Investigates Banks for Violations of Customers’ Rights Amid Service Disruptions
The Federal Competition and Consumer Protection Commission (FCCPC) has raised concerns over recent disruptions in banking services that have left customers unable to ...
Nigeria
Nigeria: CBN Confident of Nigeria’s Removal from FATF Grey List by May 2025
The Central Bank of Nigeria (CBN) has expressed optimism that Nigeria will be removed from the Financial Action Task Force (FATF) grey list ...
Nigeria
Nigeria’s Central Bank Enhances Diaspora Engagement to Boost Remittance Inflows
The Central Bank of Nigeria (CBN) has initiated a strategic campaign to strengthen ties with the Nigerian diaspora, aiming to amplify remittance inflows ...