Regulatory
Global: CFPB Faces Lawsuit Over New Open Banking Rules Amid Industry Pushback
The Consumer Financial Protection Bureau (CFPB) recently introduced new open banking rules that grant consumers the right to instruct their banks to share ...
Nigeria
Nigeria: Government and Private Sector Borrowing Surges Despite CBN’s Tightening Policy
Despite the Central Bank of Nigeria’s (CBN) tight monetary policy, Nigerian banks and discount houses borrowed a staggering ₦29.017 trillion through the Standing ...
Nigeria
Nigeria: SEC Urges Stakeholders to Align Regulatory Framework with Evolving FATF Standards
The Director General of the Securities and Exchange Commission (SEC), Dr. Emomotimi Agama, has called on stakeholders in the capital market to adapt ...
Ghana
Ghana: Mobile Money Transactions Surpass GH¢1.9 Trillion – Bank of Ghana
The Bank of Ghana’s (BoG) 2023 FinTech Sector Report has highlighted remarkable progress in the country’s digital financial sector, revealing that mobile money ...
Nigeria
Nigeria’s Central Bank Reaffirms Vigilance in Monitoring Banks and Protecting Depositors’ Funds
The Central Bank of Nigeria (CBN) has reiterated its commitment to safeguarding the country’s financial stability, emphasizing its proactive measures to monitor the ...
Regulatory
Global: BIS Warns Tokenization May Pose New Risks for Central Banks
While tokenization offers promising benefits for the future of financial systems, it also presents new costs and risks that central banks must carefully ...
Nigeria
Nigeria: Blockchain as a Catalyst for Economic Growth, Says Nigerian Expert
Adeshina Ajayi, a Nigerian blockchain expert, has underscored the transformative potential of blockchain technology in driving economic growth. Ajayi, who is leading initiatives ...
Nigeria
Nigeria: SEC to Equip CEOs, Compliance Officers on FATF Regulations
The Securities and Exchange Commission (SEC) is set to host a compliance summit aimed at empowering Chief Executive Officers (CEOs) and Compliance Officers ...
Kenya
Kenya: Bank of Kenya Migrates National Payment System to ISO20022
In a significant step towards modernizing Kenya’s financial infrastructure, the Central Bank of Kenya (CBK) has successfully migrated the national payment system to ...
Nigeria
Nigeria: NATCOMS Proposes 10% Tariff Increase for Telecoms Amid Rising Costs
The National Association of Telecommunications Subscribers (NATCOMS) has urged the Nigerian Communications Commission (NCC) to approve a 10% tariff increase for telecommunications companies ...
