Nigeria
Nigeria: CAC Warns PoS Operators of Shutdowns as Registration Deadline Passes
The Corporate Affairs Commission (CAC) has reiterated its commitment to enforcing the registration of Point of Sale (PoS) operators, warning that businesses that ...
Nigeria
Nigeria: CBN Approves $20,000 for Eligible BDCs at N1,580 Exchange Rate
The Central Bank of Nigeria (CBN) has approved the allocation of $20,000 to each eligible Bureau de Change (BDC) operator at an exchange ...
Nigeria
Nigeria: PoS Operators Take Legal Action as Government Registration Deadline Passes
The Association of Mobile Money and Bank Agents in Nigeria (AMMBAN) has filed a lawsuit against the Corporate Affairs Commission (CAC) over its ...
Regulatory
Global: Binance Kazakhstan Receives Consent for Full Regulatory License
Binance has moved a step closer to becoming the first Digital Asset Trading Facility (DTAF) in Kazakhstan to obtain a full operating license. ...
Regulatory
Global: Federal Reserve Issues Cease and Desist Order to Texas Bank Over Crypto Dealings
The United States Federal Reserve has issued a cease and desist order to United Texas Bank, citing “significant deficiencies” in the bank’s risk ...
Egypt
Egypt’s Central Bank Holds Interest Rates Steady for Third Consecutive Time
The Central Bank of Egypt (CBE) has decided to maintain its benchmark interest rates unchanged for the third consecutive time, citing the balance ...
Nigeria
Nigeria: FRC Warns Against Misuse of Borrowing Proceeds
The Fiscal Responsibility Commission (FRC) has issued a strong warning against the misapplication of funds obtained through borrowing, stressing the need for greater ...
Nigeria
Nigeria Achieves 30% Progress on FATF Action Plan
Nigeria has made significant strides in meeting the Financial Action Task Force’s (FATF) requirements, having successfully completed 30% of its Action Plan. This ...
Regulatory
Nigeria: Telecom Operators Urge Government to Cut Taxes to Boost Investment
The Global System for Mobile Communications Association (GSMA) has called on the Federal Government to reduce taxes on the telecommunications sector to stimulate ...
Nigeria
Nigeria: Why SEC Granted Approvals to Crypto Exchanges
The Securities and Exchange Commission (SEC) has clarified that its recent approval-in-principle granted to two crypto exchanges aligns with the commission’s commitment to ...
