Regulatory
Global: Newsom Vetoes Controversial California AI Bill
California Governor Gavin Newsom has vetoed a bill that would have introduced strict safety testing requirements for artificial intelligence (AI) companies developing models ...
Nigeria
Nigeria: CBN Extends Suspension of Cash Deposit Processing Fees to March 2025
The Central Bank of Nigeria (CBN) has extended its suspension of cash deposit processing fees until March 31, 2025. This extension moves the ...
Regulatory
Global: NBK Warns Against Bank Impersonation Scams in Kuwait
The National Bank of Kuwait (NBK) has issued a strong warning to individuals and businesses, urging them to verify identities before sharing sensitive ...
Regulatory
Nigeria: SEC Seeks Stakeholder Collaboration to Unlock Capital Market’s Full Potential
The Securities and Exchange Commission (SEC) has called for increased collaboration among stakeholders to fully harness the potential of Nigeria’s capital market. This ...
Regulatory
Global: Central Bank of Kuwait Releases 2023 Financial Stability Report
In its continued commitment to transparency and the provision of reliable data on the financial and banking sector, the Central Bank of Kuwait ...
Nigeria
Nigeria’s Central Bank Introduces 0.005% Cybercrime Levy on Electronic Transactions, Reinforces Cybersecurity Standards
The Central Bank of Nigeria (CBN) has confirmed the implementation of a 0.005% cybercrime levy on all electronic transactions for the 2024-2025 fiscal ...
Regulatory
Global: UK Prepares for 2027 T+1 Settlement Switch, Independent of EU Model
A recent report from the UK Accelerated Settlement Taskforce’s T+1 technical group has laid out draft recommendations for the country’s transition to a ...
Nigeria
Nigeria: Presidential Tax Reform Committee Selects FCT as Model for Tax Harmonisation
The Presidential Fiscal Policy and Tax Reform Committee has announced that the Federal Capital Territory (FCT) will serve as a model for implementing ...
Ghana
Ghana: Bank of Ghana Reduces Policy Rate from 29% to 27%
The Bank of Ghana has lowered its monetary policy rate by 200 basis points, reducing it from 29% to 27%. Dr. Ernest Addison, ...
Regulatory
South African Regulator Issues Ultimatum to StarSat: Shutdown or Face Closure
n June 2024, the Independent Communications Authority of South Africa (Icasa) ordered the pay-TV provider StarSat to cease operations by September 18, 2024. ...
