Nigeria
Nigeria: NITDA Director General Calls for Integration of Digital Skills in School Curriculum
The Director General of the National Information Technology Development Agency (NITDA), Kashifu Inuwa Abdullahi, has urged a collective effort to update and enhance ...
Regulatory
Global: EU Cybersecurity Label Should Be Inclusive, Say European Industry
A proposed EU cybersecurity certification scheme (EUCS) for cloud services should be non-discriminatory and inclusive, according to 26 European industry groups. They cautioned ...
Ethopia
Ethiopia to Permit Foreign Banks to Establish Local Subsidiaries
Ethiopia, with a population exceeding 100 million, is one of Sub-Saharan Africa’s largest economies and has long been an attractive prospect for foreign ...
Regulatory
Global: Malaysia Emerges as Data Center Powerhouse Amid Booming AI Demand
Malaysia is rapidly becoming a major data center hub in Southeast Asia, driven by increasing demand for cloud computing and artificial intelligence (AI). ...
Nigeria
Nigeria: FIRS Drops Tax Charges Against Binance Executives, Lists Exchange as Sole Defendant
In March 2024, the Federal Inland Revenue Service (FIRS) filed tax evasion charges against Binance, alleging that the cryptocurrency platform violated four tax ...
Nigeria
Nigeria: Wema Bank Secures Regulatory Approval for N40bn Rights Issue
Wema Bank has received regulatory approval for the allotment of its N40 billion rights issue, which began in December 2023. This marks the ...
Regulatory
Global: Fed Penalizes Evolve Bank for Inadequate Fintech Partnership Risk Management
The Federal Reserve announced on Friday that it has mandated Evolve Bancorp Inc. to enhance its risk management programs concerning fintech partnerships and ...
Regulatory
Global: Australia and Japan Unveil Cross-Border Verifiable Credentials Initiative
In recent years, both Australia and Japan have introduced digital identity initiatives that enable their citizens to verify their identities online. Now, the ...
Nigeria
Nigeria: NDPC Levies ₦400 Million in Fines on 7 Companies for Data Breaches
The National Data Protection Commission (NDPC) has imposed ₦400 million in fines on seven companies for various data breaches. Olatunji, a spokesperson for ...
Kenya
Kenya Increases Minimum Bank Capital Tenfold to Align with Regional Peers
The Central Bank of Kenya (CBK) will significantly raise the minimum capital requirement for commercial banks, increasing it tenfold to $77.8 million (KES ...
