Nigeria
Nigeria: FIRS Grants Full Waiver on Tax Penalties and Interests in Nigeria
The Federal Inland Revenue Service (FIRS) in Nigeria has announced the approval of a complete waiver on penalties and interests for all outstanding ...
Nigeria
Nigeria: CBN Issues New Guidelines for BVN and NIN Integration; What Customers and Banks Need to Know
The Central Bank of Nigeria (CBN) has introduced new operational guidelines for deposit money banks (DMBs) aimed at enhancing the proper profiling of ...
Nigeria
Nigeria: CBN Sets March 1, 2024 Deadline for BVN-NIN Linkage, Imposes Restrictions on Non-Compliant Accounts
The Central Bank of Nigeria (CBN) has issued a directive stating that as of March 1, 2024, all accounts lacking both the Bank ...
Regulatory
Global: Google Urges UK Antitrust Action Against Microsoft in Cloud Market
Google has urged Britain’s antitrust regulator, the Competition and Markets Authority (CMA), to take action against Microsoft, alleging that Microsoft’s business practices unfairly ...
Nigeria
Nigeria Eliminates Deadline for Submission of Old Banknotes
In October 2022, the former Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, unveiled plans to redesign and introduce a new ...
Regulatory
Global: Italian Regulatory Authority Restrains Intesa Sanpaolo from Unilateral Customer Migration to App-Only Unit
Intesa Sanpaolo faces a directive from Italy’s competition authority, Autorità Garante Della Concorrenza e del Mercato (AGCM), to cease the migration of 2.4 ...
Nigeria
Nigeria: CBN Mandates Banks to Accept Both Old and Redesigned Banknotes
The Central Bank of Nigeria (CBN) has instructed all of its branches to continue issuing and accepting all denominations of Nigerian banknotes, encompassing ...
Regulatory
Global: U.S. Warns Crypto Companies: Act Against Illicit Finance or Face Isolation
Deputy Treasury Secretary Wally Adeyemo issued a stark warning to cryptocurrency companies, stating that the U.S. government will sever their ties with the ...
Regulatory
Global: Bitcoin Group Enhances Controls in Response to Regulatory Concerns
Germany’s Bitcoin Group announced on Wednesday that it is taking decisive steps to strengthen its internal control system, following an order from the ...
Regulatory
Global: Australia to Overhaul Laws to Regulate Digital Payments, Including Apple and Google Pay
Australia’s government announced on Monday its intention to introduce legislation that would place digital payment services such as Apple Pay, Google Pay, and ...
