Regulatory
Global: Bank of England Maintains 5.25% Interest Rate, Awaits Further Inflation Clarity
For the fourth consecutive meeting, the Bank of England has opted to keep the interest rates steady at 5.25%, citing the need for ...
Regulatory
Global: Indian Regulator Shuts Down Paytm’s Bank Due to Ongoing Compliance Issues
The Reserve Bank of India (RBI) has ordered Paytm Payments Bank, responsible for processing transactions for Indian FinTech Paytm, to halt its operations ...
Nigeria
Nigeria: Federal Government Unveils Plans for Innovative Investment in Data Protection
In a bid to revolutionize data protection and leverage the potential of the digital economy for economic growth, the Federal Government has announced ...
Nigeria
Nigeria: CBN Issues Guidelines to Curtail Foreign Currency Manipulation by Banks
In a bid to address unethical banking practices related to foreign currency manipulation, the Central Bank of Nigeria (CBN) has released fresh guidelines ...
Nigeria
Nigeria: CBN Takes Measures to Halt Forex Speculation and Hoarding by Banks
In an effort to curb foreign exchange (forex) speculation and enhance risk mitigation, the Central Bank of Nigeria (CBN) has issued a new ...
Nigeria
Nigeria: CBN Introduces Fresh Measures to Mitigate Foreign Currency Risks
In a circular dated January 31, 2024, the Central Bank of Nigeria (CBN) expressed its apprehension about the increasing foreign currency exposures of ...
Regulatory
Global: FCC Chair Proposes Ban on AI-Generated Robocalls
In a recent announcement on January 31, Chairwoman Jessica Rosenworcel of the United States Federal Communications Commission (FCC) has put forth a proposal ...
Nigeria
Nigeria: NIMC Boosts NIN Enrolment with Additional Equipment Nationwide
The National Identity Management Commission (NIMC) has taken steps to enhance National Identification Number (NIN) enrolment across the country by approving the deployment ...
Nigeria
Nigeria: CBN Directs Banks to Sell Excess Dollars by February 1 to Stabilize Exchange
The Central Bank of Nigeria (CBN) has issued a circular instructing Deposit Money Banks to divest their surplus dollar holdings by February 1, ...
Regulatory
Tanzania: TCRA Introduces Tanzanite Portal for Streamlined Communication Services Licensing
Tanzania Communications Regulatory Authority (TCRA) has achieved a significant milestone with the launch of the Tanzanite Portal system, marking a new era of ...
