Nigeria
Nigeria: CBN threatens license revocation for microfinance banks trading in FX
Microfinance banks operating beyond the scope of their license will have their license revoked, the Central Bank of Nigeria (CBN) has warned. In ...
Kenya
Kenya: Boost for e-Commerce as Pesapal Meets Regulatory Requirements in Kenya and Tanzania
E-commerce and payment gateway Pesapal Limited has received accreditation as a Payment Service Provider in Kenya and an Application Service License for Tanzania. ...
Ghana
Bank of Ghana to Tighten Monetary Policy as Growth Pressures Ease
The Central Bank of Ghana is expected to shift to moderate policy tightening in 2022, and hike the monetary policy rate (MPR) by 100 ...
Global
US: SEC officials under investigation for conflict of interest in Ripple lawsuit
United States regulator the Securities Exchange Commission (SEC) former officials are under scrutiny over alleged conflict of interest regarding the agency’s handling of ...
Africa
Central Bank of Somalia Launches New Payment System, Reveals Plans to Print New Shilling Banknotes
The Central Bank of Somalia (CBS) recently announced the setting up of a national payments system which it says will enable the country’s ...
Nigeria
Nigeria: CBN asks banks to block accounts of 18 companies
The Central Bank of Nigeria (CBN) has directed banks to place a post-no-debit on the bank accounts of 18 companies. A post-no-debit means that all ...
Global
China passes major data protection law as regulatory scrutiny on tech sector intensifies
China passed a major data protection law on Friday setting out tougher rules on how companies collect and handle their users’ information. The ...
Global
Global: CAT Certifies Mastercard class action over interchange fee charges
A £10 billion class action lawsuit against Mastercard over interchange fee charges is finally set to go ahead after getting certified by the ...
Global
Thailand’s central bank outlines safeguards for a future retail CBDC
The Bank of Thailand (BoT) has published the results of a new study into how to manage the implications of issuing a retail central bank ...
Nigeria
CBN Moves to Strengthen Cybersecurity in Other Financial Institutions
The Central Bank of Nigeria (CBN) yesterday moved to strengthen cyber resilience of Other Financial Institutions (OFIs) under its regulation in order to ...
