Nigeria
Nigeria: Banks Blame CBN for Cash Shortages, Risking Sanctions as Cash Scarcity Worsens
Nigerian commercial banks are currently in a standoff with the Central Bank of Nigeria (CBN) over the ongoing cash scarcity, as each party ...
Nigeria
Nigeria: SEC Pledges Action Against Illegal Fund Managers
The Securities and Exchange Commission (SEC) has issued a stern warning to entities involved in illegal fund management, urging them to cease such ...
Nigeria
Nigeria: Bank-Fintech Collaboration Crucial for Nigeria’s $1 Trillion GDP Goal by 2026, Say NDIC and Stakeholders
Collaboration between banks and fintech companies is essential for Nigeria to achieve its ambitious goal of a $1 trillion Gross Domestic Product (GDP) ...
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 ...
