Regulatory
CBN extends Naira 4 Dollar Scheme
The Central Bank of Nigeria, CBN, said it has extended its Naira 4 Dollar Scheme until further notice. The apex bank disclosed this ...
Regulatory
Adyen receives Major Payment Institution licence from the Monetary Authority of Singapore
Adyen has announced that its Singapore entity has received approval from the Monetary Authority of Singapore to carry out merchant acquisition services under ...
Regulatory
BaFin orders Deutsche Bank to implement additional safeguards
BaFin, the financial regulatory authority in Germany, has ordered Deutsche Bank to implement additional safeguards to prevent money laundering. The regulator asked the ...
Regulatory
The Reserve Bank of India to improve the risk-based supervision of banking sector
The Reserve Bank of India (RBI) has decided to improve the risk-based supervision (RBS) of banks and non-banking financial institutions (NBFCs) in the ...
Regulatory
Why CBN Sacked First Bank Board – Emefiele
Mr Emefiele has said for years the bank has been plagued by “bad credit decisions, significant and non-performing insider loans and poor corporate ...
News
First Bank confirms CBN’s directive as Adeduntan resumes duty as CEO
First Bank of Nigeria Limited has confirmed the Central Bank of Nigeria (CBN’s) directive to reinstate Adesola Adeduntan as MD/CEO. The organisation, in ...
Regulatory
Beijing summons online financial platforms and warns over unfair market practices
China’s top financial regulators have summoned 13 of the country’s technology companies that run online financial businesses, including Tencent Holdings and Tik Tok-owner ...
Regulatory
Turkey Drafting Crypto Regulation — Central Bank Says No Intention to Ban Cryptocurrencies
The Turkish government is reportedly creating a regulatory framework for cryptocurrencies after two crypto exchanges in the country abruptly halted trading and are ...
Regulatory
PenCom asks PFAs to raise shareholders funds to N5bn
The National Pension Commission (PenCom) has asked the Pension Funds Administrators to raise their shareholders’ funds from N1bn to N5bn. Some operators disclosed ...
Regulatory
Nigeria-CBN Queries First Bank for Removing CEO without Approval
The Central Bank of Nigeria (CBN) has queried the Board of the First Bank of Nigeria Plc for removing Dr Adesola Adeduntan, the ...