Regulatory
Global: EU MiCA Stablecoin Regulations Now in Effect
The European Union’s Markets in Crypto-Assets Regulation (MiCA) partially took effect in June, with new rules for stablecoins implemented on June 30. As ...
Nigeria
Nigeria: CBN Governor Advocates Regional Cooperation Against Money Laundering
The Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, has called for increased cooperation among monetary authorities in the West ...
Regulatory
Uganda Reiterates Ban on Using National ID Cards as Loan Collateral
Uganda’s Minister of Information, Communications Technology, and National Guidance, Chris Baryomunsi, has issued a stern warning against the illegal practice of money lenders ...
Gabon
Gabon Unveils New National Digital ID System
After over a decade of anticipation, Gabonese citizens can now apply for and receive a national digital ID card. The new identity credential, ...
Nigeria
Nigeria: CBN Governor Highlights Financial Stability Risks from Increasing NBFI and Fintech Transactions
The Governor of the Central Bank of Nigeria (CBN), Yemi Cardoso, has voiced concerns about the rising transaction volumes of Non-Bank Financial Institutions ...
Africa
African ICT Leaders Advocate for Tax Cuts on Digital Gadgets
At the LEAP summit in Shanghai, China, African telecom and ICT leaders urged governments across the continent to lower taxes on digital gadgets ...
Nigeria
Nigeria: NIA Advocates for Passage of Insurance Reform Bill
The Nigerian Insurers Association (NIA) has committed to intensifying its efforts to ensure the passage of the Nigerian Insurance Reform Bill 2024, currently ...
Nigeria
Nigeria: CBN Engages Organised Private Sector to Enhance Productive Sector
The Central Bank of Nigeria (CBN) recently convened a dialogue with the Organised Private Sector (OPS) and key stakeholders to discuss strategies for ...
Nigeria
Nigeria: NESG Supports CBN’s Decision to End Price Verification System for Forex Transactions
The Nigerian Economic Summit Group (NESG) has expressed support for the Central Bank of Nigeria’s (CBN) recent decision to discontinue the Price Verification ...
Nigeria
Nigeria: CBN Introduces New Forex Deposit Rules to Stabilize Exchange Rates
The Central Bank of Nigeria (CBN) announced on Friday new guidelines for Deposit Money Banks (DMBs) to deposit excess foreign currency notes at ...