Nigeria
Nigeria: CIIN Advocates for Smart, Innovative Regulations to Boost Industry Efficiency
The Chartered Insurance Institute of Nigeria (CIIN) has emphasized the need for regulations that promote innovation and efficiency within Nigeria’s insurance sector. This ...
Nigeria
Nigeria: CBN Expands eNaira for Government Transactions
The Central Bank of Nigeria (CBN) has announced plans to extend the use of its digital currency, the eNaira, to facilitate payments into ...
Regulatory
Global: FDIC Proposes New Rule to Enhance Recordkeeping for Custodial Accounts
The Federal Deposit Insurance Corporation (FDIC) has introduced a proposed rule aimed at bolstering recordkeeping for bank deposits made by third-party, non-bank entities ...
Nigeria
Nigeria: FIRS Explains Key Drivers Behind Nigeria’s Tax System Reforms
Dr. Zaach Adedeji, Chairman of the Federal Inland Revenue Service (FIRS), highlighted the critical factors driving Nigeria’s ongoing tax system reforms, citing the ...
Nigeria
Nigeria: CBN Introduces 0.005% Cybercrime Levy in New Guidelines for 2024-2025
The Central Bank of Nigeria (CBN) has reaffirmed its commitment to enforcing the cybercrime levy on all electronic transactions, setting the charge at ...
Regulatory
Global: Australia Prioritizes Wholesale CBDC Over Retail in Strategic Digital Money Roadmap
Australia’s central bank and treasury have announced that they will prioritize work on a wholesale Central Bank Digital Currency (CBDC) over a retail ...
Nigeria
Nigeria: States Remit ₦237bn Pension Contributions Over Four Years — PenCom
The National Pension Commission (PenCom) has revealed that states have remitted a total of ₦236.7 billion in pension contributions to Pension Fund Custodians ...
Regulatory
Nigeria: CBN maintains 5% ways and means advances to govt
The Central Bank of Nigeria (CBN) has confirmed that it will maintain its Ways and Means Advances to the Federal Government at a ...
Nigeria
Nigeria: Insecurity, High Interest Rates, and Multiple Taxes Hamper Business Growth – CBN Survey
The Central Bank of Nigeria (CBN) has identified insecurity, high interest rates, and multiple taxation as the main challenges faced by businesses in ...
Regulatory
Global: FDIC’s New Merger Guidelines Elevate Focus on Banking Sector Stability
The landscape for bank mergers is changing as new regulatory guidelines from the Federal Deposit Insurance Corporation (FDIC) are set to raise the ...
