Regulatory
Global: Fed’s Schmid backs tighter monetary policy as inflation remains above target
Federal Reserve Bank of Kansas City President Jeff Schmid has called for tighter monetary policy, arguing that inflation in the United States remains ...
Nigeria
Nigeria: MDU Capital receives SEC licence to operate as fund and portfolio manager
Magen Doxa Umerim (MDU) Capital Limited has received approval from the Securities and Exchange Commission (SEC) to operate as a licensed fund and ...
Nigeria
Nigeria: Federal Government directs MDAs to strengthen data protection compliance
The Federal Government has directed all Ministries, Departments and Agencies (MDAs) to reinforce their data protection and privacy practices as part of efforts ...
Nigeria
Nigeria: African Alliance submits recapitalisation plan to NAICOM following regulatory handover
African Alliance Insurance Plc has announced that it has submitted its recapitalisation plan to the National Insurance Commission (NAICOM) and is awaiting further ...
Nigeria
Nigeria introduces 1.5% stamp duty on cryptocurrency purchases under new NRS tax rules
Buying cryptocurrencies such as Bitcoin, USDT and other virtual assets in Nigeria will now attract additional costs following the introduction of a 1.5 ...
Ghana
Ghana: Bank of Ghana flags 20 unlicensed digital loan apps, warns consumers
The Bank of Ghana (BoG) has cautioned the public against using 20 digital loan applications operating without the required regulatory approval, reiterating its ...
Nigeria
Nigeria introduces tax framework for cryptocurrency profits under new NRS guidelines
Profits and income generated from cryptocurrency and other virtual asset transactions are now taxable in Nigeria following the release of comprehensive tax guidelines ...
Regulatory
Global: CFTC imposes $8 million penalty on UBS over AML compliance failures
The U.S. Commodity Futures Trading Commission (CFTC) has fined UBS Financial Services Inc. (UBS FSI) $8 million for deficiencies in its anti-money laundering ...
Nigeria
Nigeria: Middle East tensions limit CBN’s policy flexibility in inflation fight
Escalating geopolitical tensions in the Middle East continue to pose significant risks to the global economy, narrowing the Central Bank of Nigeria’s (CBN) ...
Nigeria
Nigeria: CBN says stronger fintech regulations will promote fair competition
The Central Bank of Nigeria (CBN) has reaffirmed its commitment to strengthening regulatory oversight of the fintech and digital payments ecosystem, stating that ...
