Ghana
Ghana: Government Halts Implementation of 15% VAT on Electricity
The Ministry of Finance has announced the official suspension of the planned 15 percent Value Added Tax (VAT) on domestic electricity consumption, following ...
Nigeria
Nigeria: House of Representatives to Probe Banks’ Non-Adherence to 24-Hour FX Sell Down Directive
The House of Representatives has announced plans to investigate banks and financial institutions for non-compliance with directives from the Central Bank of Nigeria ...
Nigeria
Nigeria: NIBSS Reports Surge in Cashless Transactions to N611 Trillion
The Nigeria Inter-Bank Settlement System (NIBSS) announced on Wednesday a significant rise in cashless transactions in the country, reaching a total of N611.06 ...
Nigeria
Nigeria: United Capital Endorses CBN’s Collaborative Approach with Stakeholders
United Capital Group, an asset management firm, has voiced its support for the Central Bank of Nigeria’s decision to engage stakeholders in future ...
Regulatory
Global: EU Watchdog Raises Concerns Over Europol’s Plan for Migrant Biometric Data Exchange
A European data watchdog is closely examining a proposal to enhance Europol’s collaboration with Frontex and other agencies, aiming to increase the exchange ...
Regulatory
Global: European Markets Organization Cautions UK on Stablecoin Regulations and Securities
The European markets organization has issued a cautionary note to the United Kingdom regarding stablecoin regulations and securities, urging careful consideration and alignment ...
Nigeria
Nigeria: CBN Implements Comprehensive Strategy to Tackle Forex Crisis, Says Cardoso
In the face of challenges stemming from a scarcity of dollars, the Central Bank of Nigeria (CBN) has assured the public that it ...
Nigeria
Nigeria: NCC Urges States to Reduce Telecom Taxes to Boost Industry Growth
The Nigerian Communications Commission (NCC) is calling on states and local government councils nationwide to reconsider the taxes imposed on telecom companies, warning ...
Nigeria
Nigeria: CBN Proposes Establishment of “Gateway Bank” to Oversee Correspondent Banking Activities
The Central Bank of Nigeria (CBN) has unveiled plans to introduce a unified foreign currency (FCY) gateway bank to streamline all correspondent banking ...
Global
Global: EU Nears Finalization of AI Act Technical Details Amid Concerns Over Biometric Surveillance
The European Union’s Artificial Intelligence Act has reached its final stages, with EU countries reaching an agreement on its technical details last Friday. ...
