Regulatory
Zimbabwe’s New Currency ZIG Faces Resistance from Citizens
Recent reports indicate that Zimbabwe’s newly launched currency, the ZIG, introduced in early April, is encountering low acceptance among the population. Towards the ...
Regulatory
Global: CFTC Commissioner Proposes AI Fraud Task Force
Kristin Johnson, Commissioner of the United States Commodity Futures Trading Commission (CFTC), has put forward three proposals aimed at regulating artificial intelligence (AI) ...
Nigeria
Nigeria: Central Bank Governor Urges Collaboration to Tackle Inflationary Pressures
Olayemi Cardoso, the Governor of the Central Bank of Nigeria (CBN), has emphasized the necessity for fiscal authorities to address emerging sources of ...
Nigeria
Nigeria: Court Directs FCT Revenue Agency to Seal Off Non-Compliant Companies
In a recent development, a Magistrate Court situated in Wuse Zone 2, Abuja, has issued an order for the Federal Capital Territory Internal ...
Nigeria
Nigeria: Insurance NGO Urges Urgent Regulatory Reforms from New NAICOM Management
Transparent Protection Ltd/Gte, an insurance Non-Governmental Organisation (NGO), has called on the new management of the National Insurance Commission (NAICOM) to expedite regulatory ...
Regulatory
Global: UK Enacts Landmark Law to Enhance Security of Smart Devices
In combating cyber threats, the United Kingdom has taken a pioneering step by addressing a critical vulnerability: weak default passwords in smart devices. ...
Regulatory
Global: BlueSnap Agrees to $10 Million Settlement with FTC Over Processing Fraudulent Payments
Payments processor BlueSnap, along with its former CEO and senior vice president, has reached a $10 million settlement with the Federal Trade Commission ...
Namibia
Namibia Embraces India’s UPI Technology for Instant Payments System
The Bank of Namibia has enlisted the expertise of NPCI International Payments to aid in the development of an instant payments system inspired ...
Nigeria
Nigeria: Active Mobile Subscriptions Decline by 5.4 Million Due to NIN-SIM Linkage
Data from the Nigerian Communications Commission (NCC) has revealed a decrease in total active mobile subscriptions in the country, with a dip of ...
Nigeria
Nigeria: FIRS Mandates Banks to Impose 0.375% Stamp Duty on Mortgage-Backed Loans
Deposit money banks (DMBs) in Nigeria have received a directive from the Federal Inland Revenue Service (FIRS) to implement a 0.375% stamp duty ...