Nigeria
Nigeria Set to Introduce New Cryptocurrency Tax Laws by September 2024
Nigeria is preparing to introduce new tax laws aimed at regulating cryptocurrency transactions by September 2024. This move marks a significant step towards ...
Regulatory
Global: China’s Supreme Court Expands Anti-Money Laundering Law to Include Virtual Assets
China’s Supreme People’s Court and Supreme People’s Procuratorate have revised the country’s Anti-Money Laundering (AML) laws, officially recognizing “virtual asset” transactions as a ...
Regulatory
Global: Hong Kong Issues New Guidelines for Generative AI in Consumer Protection
The Hong Kong Monetary Authority (HKMA) has released new guidelines on the use of generative artificial intelligence (AI) in consumer-facing applications, aiming to ...
Regulatory
Global: Bank of Ireland Sounds Alarm Over Alarming Surge in Investment Scams
The Bank of Ireland has reported a significant 76% increase in investment fraud attempts during the first half of 2024, compared to the ...
Regulatory
Global: Bank of England to Develop Analytics Data Platform for ISO 20022
The increasing adoption of ISO 20022 standards for payment messaging in Real-Time Gross Settlement (RTGS) systems is driving many central banks to implement ...
Nigeria
Nigeria: SEC Repositions to Increase Youth Engagement in the Stock Market
In a bid to strengthen the capital market and enhance its resilience, the Securities and Exchange Commission (SEC) has announced plans to implement ...
Nigeria
Nigeria: NAICOM Steps In to Resolve Unpaid Annuity Claims Amid Rising Complaints
The National Insurance Commission (NAICOM) has taken decisive action to address the ongoing challenges in Nigeria’s N323 billion annuities market, particularly concerning unpaid ...
Nigeria
Nigeria: Federal Government to Harmonize Revenue Collection and Regulate Cryptocurrency
The Federal Government of Nigeria is preparing an executive bill aimed at overhauling the country’s revenue administration, harmonizing revenue collection, and introducing regulations ...
Nigeria
Nigeria: FIRS Confident in Achieving N19.4 Trillion Revenue Target, Says Chairman
The Federal Inland Revenue Service (FIRS) is on track to meet its ambitious N19.4 trillion revenue target for the year, according to its ...
Nigeria
Nigeria: African Alliance Committed to NAICOM’s Turnaround Plan – Executive Director
Wasiu Amao, the Executive Director (Technical) of African Alliance Insurance Plc, has confirmed that the company is actively working on a comprehensive turnaround ...