Nigeria
Nigeria: CBN Successfully Clears Airlines’ Forex Backlog with Additional $64.44 Million Payment
The Central Bank of Nigeria (CBN) has fulfilled its commitment to address the backlog of foreign exchange owed to foreign airlines operating in ...
News
Global: EU Regulator Proposes Stricter Rules for Foreign Crypto Firms
The European Securities and Markets Authority (ESMA) has unveiled proposed regulations that would impose restrictions on cryptocurrency companies headquartered outside the European Union ...
Regulatory
Global: U.S. Justice Department Exposes $1.89 Billion Cryptocurrency Fraud Scheme
The U.S. Justice Department has brought charges against two individuals and obtained the guilty plea of a third in connection with an extensive ...
Nigeria
Nigeria: CBN Issues Warning Against Financial Market Manipulation by Banks
The Central Bank of Nigeria (CBN) has issued a stern warning to deposit money banks, cautioning them against engaging in financial market manipulation ...
Regulatory
Global: ECB Facilitates Easier Access to Euro Lending for Non-EU Countries in Times of Crisis
In a move to enhance financial support during crises, the European Central Bank (ECB) announced on Monday its decision to lower the eligibility ...
Regulatory
Global: FTC Initiates Probe into Generative AI Partnerships, Examining Competitive Impact
The Federal Trade Commission (FTC) has launched an investigation into investments and partnerships within the generative artificial intelligence (AI) sector. Google parent company ...
Regulatory
Global: CFTC Issues Warning on AI Scams, Urges Public to Exercise Caution
The Commodity Futures Trading Commission (CFTC) has recently issued a customer advisory, urging the public to exercise caution and be vigilant regarding potential ...
Nigeria
Nigeria: CBN Sets Ambitious 21.4% Inflation Target for 2024
In the face of persistent price volatility, the Central Bank of Nigeria (CBN) has outlined an ambitious goal, targeting a 21.4% inflation rate ...
Regulatory
Global: EU Commission Unveils Comprehensive Support Measures, Including AI Factories, for Startups and SMEs
In a significant move to bolster the development of trustworthy artificial intelligence (AI) aligning with European Union (EU) values and regulations, the European ...
Nigeria
Nigeria: FIRS Aims for N19.4 Trillion Revenue in 2024 After Surpassing 2023 Target
The Federal Inland Revenue Service (FIRS) exceeded its 2023 revenue target by N816 billion, achieving a remarkable 107% performance over the set goal. ...
