Nigeria
Nigeria: SEC sets 5pm T+1 settlement deadline for equities, commodities
The Securities and Exchange Commission (SEC) has set 5:00 p.m. on the first business day after a trade (T+1) as the settlement deadline ...
Nigeria
Nigeria: FRC warns auditors against sacrificing independence in AI-driven audits
The Financial Reporting Council of Nigeria (FRC) has cautioned auditors against compromising their independence as artificial intelligence (AI) transforms audit processes, stressing that ...
Nigeria
Nigeria: Seven insurers meet new capital requirements as NAICOM clears 50 firms
The National Insurance Commission (NAICOM) has verified and confirmed seven additional insurance companies as compliant with Nigeria’s new minimum capital requirements, bringing the ...
Nigeria
Nigeria: PwC outlines penalties for virtual assets tax defaulters
PricewaterhouseCoopers (PwC) has outlined the penalties that could apply to taxpayers and merchants who fail to comply with Nigeria’s emerging virtual assets tax ...
Nigeria
Nigeria: Tax Ombud strengthens capacity to handle digital asset tax disputes
The Office of the Tax Ombud has expanded its capacity to address emerging tax disputes, including potential complaints linked to the taxation of ...
Nigeria
Nigeria: SEC launches initiative to help Nigerians recover unclaimed investments
The Securities and Exchange Commission (SEC) has intensified efforts to address the growing challenge of unclaimed investments by launching a nationwide awareness initiative ...
Nigeria
Nigeria: NITDA drives inter-agency collaboration to advance Nigeria’s National Regulatory Sandbox
The National Information Technology Development Agency (NITDA) has intensified efforts to establish Nigeria’s National Regulatory Sandbox, calling on regulators across key sectors to ...
Nigeria
Nigeria: NAICOM revokes Nigeria Reinsurance’s licence over recapitalisation non-compliance
The National Insurance Commission (NAICOM) has revoked the operating licence of Nigeria Reinsurance Corporation after the company failed to meet the statutory Minimum ...
Nigeria
Nigeria: NDIC says over 98% of Nigerian bank depositors, 281 million accounts protected by deposit insurance
The Nigeria Deposit Insurance Corporation (NDIC) has reaffirmed the strength of Nigeria’s financial safety net, disclosing that more than 98 per cent of ...
Regulatory
Global: Fed’s Daly backs decision to hold interest rates steady amid inflation concerns
Federal Reserve Bank of San Francisco President Mary Daly has reaffirmed her support for the U.S. Federal Reserve’s decision to keep interest rates ...
