Regulatory
Nigeria: FPIs and Banks Invest Heavily in OMO Bills Amid Robust Market Demand
Nigerian banks and foreign portfolio investors (FPIs) collectively invested a substantial N1.6 trillion in Open Market Operation (OMO) bills during two primary market ...
Nigeria
Nigeria: Business Leaders Push Back Against FCCPC’s Price Reduction Mandate, Citing Economic Challenges
Entrepreneurs, business owners, and industry stakeholders are raising concerns about the recent directive issued by the Federal Competition and Consumer Protection Commission (FCCPC), ...
Regulatory
Global: Brazilian Supreme Court Orders Suspension of Elon Musk’s X for Non-Compliance
The Brazilian Supreme Court has ordered the suspension of operations for X, the social media platform owned by Elon Musk, after the company ...
Regulatory
Global: Hong Kong SFC Accepts Crypto License Application After Deadline
The Hong Kong Securities and Futures Commission (SFC) has accepted a digital asset exchange license application from Hong Kong Digital Asset Xchange (HKDAEx), ...
Regulatory
Global: California’s Landmark AI Safety Bill – A Game-Changer for the Tech Industry
California’s recent passage of a groundbreaking artificial intelligence (AI) safety bill marks a significant shift in the AI landscape, with potential ripple effects ...
Regulatory
South African Regulator Probes Meta Over Election Transparency Dispute
The South African regulator has launched an investigation into Meta after a dispute arose over the company’s refusal to provide information related to ...
Regulatory
Uganda: NALA Secures Money Remittance License in Uganda Amid Flutterwave’s Market Expansion
NALA, a prominent fintech company, has obtained a money remittance license in Uganda, a significant step that opens up new opportunities for Ugandans ...
Regulatory
Nigeria: SEC Grants ‘Approval in Principle’ to Two Crypto Firms Under New Regulatory Program
The Securities and Exchange Commission (SEC) has granted “Approval-in-Principle” to two digital asset exchanges, Busha Digital Limited and Quidax Technologies Limited, allowing them ...
Regulatory
Global: BIS Warns Banks of Emerging Risks from Permissionless Blockchains
Permissionless blockchain networks, such as Ethereum, introduce several risks that banks are still grappling with, according to a recent paper published by the ...
Nigeria
Nigeria: Over 30 Million Nigerians Now Have Credit Scores, Says CRC Credit Bureau
CRC Credit Bureau has announced a significant milestone: more than 30 million Nigerians now have credit scores in its database. This achievement underscores ...
