Nigeria
Nigeria: Wise Resumes Naira Payouts to Nigeria, Aligns with CBN’s New Regulatory Guidelines
UK-based fintech company Wise, known for its low-cost international money transfer services, has resumed naira payouts to Nigeria following the Central Bank of ...
Regulatory
Global: Canada Shifts Focus from CBDCs to Broader Payments Landscape
Canada has paused its experiment with a central bank digital currency (CBDC), shifting its focus to other pressing payment system issues. After years ...
Nigeria
Nigeria: SEC Guidelines Enhance Transparency in Banks’ Recapitalisation – DG
Dr. Emomotimi Agama, Director-General of the Securities and Exchange Commission (SEC), has emphasized that the guidelines issued by the commission prior to the ...
Regulatory
Bank of Korea Set to Begin CBDC Payment Trials in Supermarkets
South Korea’s central bank, the Bank of Korea (BOK), is set to launch a groundbreaking central bank digital currency (CBDC) payment trial in ...
Regulatory
Global: AI Could Trigger Inflationary Pressures, Warns Bank of Canada
Bank of Canada Governor Tiff Macklem has cautioned that the rise of artificial intelligence (AI) could result in short-term inflationary pressures and financial ...
Nigeria
Nigeria: SEC Advocates for Government Agencies to List on NGX
The Securities and Exchange Commission (SEC) has expressed its commitment to encouraging government agencies and state-owned enterprises to list on the Nigerian Exchange ...
Regulatory
Global: UK Government Targets Late Payments with New Legislation to Support SMEs
The UK government is set to introduce new legislation aimed at tackling late payments, replacing the Prompt Payment Code with a stronger Fair ...
Nigeria
Nigeria: CBN Warns Bank CEOs, Chairmen of Immediate Dismissal Over Unpublished Accounts
The Central Bank of Nigeria (CBN) has issued a stern warning to bank Chief Executive Officers (CEOs) and chairmen, mandating that they publish ...
Nigeria
Nigeria: CBN Maintains 5% Ways and Means Advances to Federal Government
The Central Bank of Nigeria (CBN) has announced that it will continue to limit its Ways and Means Advances to the Federal Government ...
Nigeria
Nigeria: CBN Limits BDC Forex Sales to $5,000
The Central Bank of Nigeria (CBN) has capped the amount of foreign exchange cash sales by Bureau de Change (BDC) operators at $5,000 ...
