Nigeria
Nigeria: CBN to Penalize Banks for ATM Cash Dispensing Failures, Plans N1.4 Trillion Cash Injection
The Central Bank of Nigeria (CBN) has announced its intention to sanction banks that fail to dispense cash through their Automated Teller Machines ...
Regulatory
Global: Recent Inflation Data Strengthens Argument for Further Federal Reserve Rate Cuts
The latest inflation figures from August have reinforced the rationale Federal Reserve officials used to justify a recent half-percentage-point interest rate cut, prompting ...
Regulatory
Global: German Finance Minister Raises Concerns Over UniCredit’s Potential Takeover of Commerzbank
Germany’s finance minister, Christian Lindner, has expressed his concerns to Italy’s Treasury regarding a potential takeover of Commerzbank by Italian lender UniCredit, according ...
Regulatory
Global: U.S. Imposes Sanctions on Russian Crypto Platforms for Money Laundering
The United States government has sanctioned two Russian cryptocurrency exchanges and two individuals for their involvement in illicit financial activities linked to underground ...
Regulatory
Global: UK Government Proposes Fraud, Error, and Debt Bill to Strengthen Fraud Prevention
The UK Government has introduced the Fraud, Error, and Debt Bill, which is projected to save £1.6 billion over the next five years ...
Nigeria
Nigeria: CBN to Penalize Banks Over ATM Failures, Plans to Inject N1.4 Trillion Into Circulation
The Central Bank of Nigeria (CBN) has announced its decision to impose penalties on banks that fail to dispense cash through their Automated ...
Regulatory
Global: FCA Proposes New Safeguarding Rules to Protect Customers When Payment Firms Fail
The Financial Conduct Authority (FCA) is introducing new measures to protect customers in the event that payment and e-money firms go bankrupt, as ...
Regulatory
Global: FTC Targets Deceptive AI Projects, Including “AI Lawyer” Services
The U.S. Federal Trade Commission (FTC) has initiated a crackdown on companies accused of misleading consumers with deceptive claims about artificial intelligence (AI), ...
Nigeria
Nigeria: CBN Sells US Dollars to BDCs at N77.42 Discount to Stabilize Naira
The Central Bank of Nigeria (CBN) has taken steps to stabilize the exchange rate by offering discounted US dollar sales to Bureau de ...
Regulatory
Nigeria: FEC Approves Tax Committee’s Recommendations, Offers Tax Breaks to Firms
The Federal Executive Council (FEC) has approved the recommendations put forward by the Presidential Committee on Fiscal Policy and Tax Reforms as part ...
