Nigeria
Nigeria: Majority of Nigerian Banks May Struggle to Meet Increased CBN Capital Requirements
A recent report by Ernst and Young suggests that 17 out of 24 Nigerian banks could face challenges meeting the capital requirements set ...
Regulatory
Global: Swedish Central Bank Urges Legislation to Safeguard Cash Usage
Amidst a declining trend in cash usage across Sweden, the central bank governor emphasizes the necessity for legislation to uphold the accessibility of ...
Regulatory
Global: Indonesia’s Financial Regulator Rolls Out New Crypto Regulations to Bolster Industry
Indonesia’s financial landscape is poised for transformation as the country’s financial services regulator, the Financial Services Authority (OJK), introduces new regulations aimed at ...
Nigeria
CBN Reaffirms: Banks Prohibited from Using FX Gains for Dividends or Expenses
The Central Bank of Nigeria (CBN) has reiterated its stance that deposit money banks are not permitted to utilize foreign currency gains accrued ...
Regulatory
Global: Crypto.com to Challenge €2.85 Million Fine by Dutch Regulator for Unregistered Operations
Crypto exchange Crypto.com has been slapped with a hefty fine of 2.85 million euros ($3.12 million) by the Dutch central bank, the regulator ...
Nigeria
Nigeria: CBN Directs Banks to Adhere to New Foreign Exchange Policy Reforms
The Central Bank of Nigeria (CBN) has issued a directive to all banks, emphasizing the necessity of strict compliance with recent foreign exchange ...
Regulatory
Global: European Union Lawmakers Pass Groundbreaking Regulation on AI
The European Union Parliament has made history by approving the world’s first significant regulatory framework for governing artificial intelligence (AI), a technology at ...
Nigeria
Nigeria: CAC Strengthens Regulations for Registered Entities to Enhance Service Standards
Hussaini Magaji, the Registrar General of the Corporate Affairs Commission (CAC), has announced that the commission is intensifying its regulatory measures on registered ...
Nigeria
Nigeria: CBN to Impose Sanctions on MfBs for Delayed or Non-Submission of Monthly Returns
The Central Bank of Nigeria (CBN) has issued a stern directive to all Microfinance Banks (MfBs), emphasizing the imperative of promptly submitting statutory ...
Nigeria
Nigeria: CBN Heightens Scrutiny on Banks’ Financial Reports to Combat Financial Crimes
The Central Bank of Nigeria (CBN) has escalated its vigilant oversight of banks to identify any infractions and ensure adherence to existing regulations, ...
