Regulatory
Global: HSBC Reports $21.6 Billion Pre-Tax Profit for H1 2024
HSBC has announced a pre-tax profit of $21.6 billion for the first half of 2024, reflecting a slight dip from the previous year’s ...
Regulatory
Global: UK Antitrust Regulator Examines Google’s Investment in AI Rival Anthropic
The UK’s antitrust regulator, the Competition and Markets Authority (CMA), has launched an early-stage review into Google’s investment in the U.S. AI company ...
Nigeria
Nigeria: Lagos State Government to Implement Tax on Remote Workers and Digital Influencers
In a bid to boost revenue in the digital economy, the Lagos State government is set to launch the Resident Global Digital Citizen ...
Nigeria
Nigeria: CBN Introduces Policy to Manage Dormant Account Balances: What You Need to Know
Last week, the Central Bank of Nigeria (CBN) unveiled a significant policy initiative known as the “Unclaimed Balances Trust Fund (UBTF) Pool Account,” ...
Nigeria
Nigeria: NCC Orders Immediate Restoration of Blocked SIMs Amid Subscriber Protests
The Nigerian Communications Commission (NCC) has directed telecommunication companies to promptly restore all telephone lines blocked due to the non-linkage of National Identification ...
Nigeria
Nigeria: EFCC Enhances Strategy to Combat Financial Corruption and Illicit Dollar Flow – Olukoyede
The Executive Chairman of the Economic and Financial Crimes Commission (EFCC), Ola Olukoyede, has announced that the Commission is “re-strategizing” to tackle financial ...
Nigeria
Nigeria: SEC Approves Extension of Fidelity Bank’s Public Offer
The Securities and Exchange Commission (SEC) has approved a 14-day extension for Fidelity Bank’s Public Offer and Rights Issue. Originally set to close ...
Nigeria
Nigeria: FintechNGR Reaffirms Partnership with SEC to Enhance Fintech Regulations in Nigeria
FintechNGR, under the leadership of President Ade Bajomo, has renewed its partnership with the Securities and Exchange Commission (SEC) to strengthen regulations and ...
Nigeria
Nigeria: CBN Designates Accounts Inactive for Over 10 Years as Dormant
The Central Bank of Nigeria (CBN) has announced that only accounts with inactivity exceeding 10 years will be classified as dormant and designated ...
Nigeria
Nigeria: Telcos Initiate Final Phase of SIM Disconnection Over NIN Linkage
Telecommunication companies in Nigeria have begun the final phase of disconnecting Subscriber Identity Module (SIM) numbers that are not linked to National Identification ...