Kenya
Kenya Cuts Benchmark Interest Rate to 12% to Boost Private Sector Credit
The Central Bank of Kenya (CBK) has reduced its benchmark interest rate by 75 basis points to 12% in its October 8, 2024, ...
Nigeria
Nigeria’s External Reserves Reach $40.2 Billion, Says CBN
Nigeria’s external reserves have risen to $40.2 billion as of October 18, 2024, according to the Central Bank of Nigeria (CBN). CBN’s Deputy ...
Nigeria
Nigeria: CBN Engages Nigerian Diaspora to Enhance Remittance Inflows
The Central Bank of Nigeria (CBN) has initiated targeted engagements with the Nigerian diaspora to enhance remittance flows into the country, aiming to ...
Nigeria
Nigeria: House of Representatives Urges CBN to Withdraw Old Naira Notes
The House of Representatives has called on the Central Bank of Nigeria (CBN) to begin a gradual phase-out of old naira notes and ...
Regulatory
Global: Netherlands Seeks Public Feedback on New Crypto Tax Reporting Laws to Align with EU Standards
The Dutch government is seeking public input on proposed regulations that would mandate crypto service providers, including exchanges, to collect and share user ...
Nigeria
Nigeria: Why Lowering Nigeria’s Interest Rate Now Would Be Premature – MPC Members
The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, and other Monetary Policy Committee (MPC) members have indicated that reducing the ...
Nigeria
Nigeria: PenCom Halts PFAs’ Investments in Commercial Papers Amid Regulatory Concerns
The National Pension Commission (PenCom) has instructed Licensed Pension Fund Administrators (LPFAs) and Custodian Fund managers to suspend any further investments in commercial ...
Nigeria
Nigeria: CBN Confirms No Deadline on Old Naira Notes Circulation
The Central Bank of Nigeria (CBN) has clarified that there is no set deadline for the use of old N200, N500, and N1,000 ...
Nigeria
Nigeria: Federal Government Drops Money Laundering Charges Against Binance Executive Tigran Gambaryan
In a significant development, the Federal Government of Nigeria has withdrawn the money laundering charges against Tigran Gambaryan, a senior executive at Binance ...
Regulatory
South Africa’s Regtech Market Projected to Reach R5.3 Billion Amid Greylisting Challenges
South Africa’s regulatory technology (regtech) market is poised for significant growth, expected to rise by 27.7% annually, reaching $302.31 million (R5.3 billion) in ...