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 ...
Regulatory
Nigerian Regulator Issues ‘Extreme Caution’ Crypto Investments Warning
Nigeria’s Economic and Financial Crimes Commission (EFCC) has become the latest body to warn of risks associated with cryptocurrency investments. In a public ...
Regulatory
Nigeria: CBN Licenses 10 More International Money Transfer Operators
The Central Bank of Nigeria (CBN) has granted operating licences to 10 additional international money transfer operators (IMTOs) as part of efforts to ...
Regulatory
FCA to introduce ‘regulatory nursery’ for newly-licenced firms
The UK’s Financial Conduct Authority is to establish a ‘regulatory nursery’ in the Autumn to ensure keener oversight of newly-authorised institutions. The initiative ...
Regulatory
SEC Commissioner on Banning Bitcoin: ‘It’s Very Difficult to Ban Peer-to-Peer Technology’
SEC Commissioner Hester Peirce believes that the U.S. government cannot ban bitcoin, stating that “it’s very difficult to ban something that’s essentially a ...
Regulatory
CBN asks banks, forex dealers to accept old, lower dollar notes
The Central Bank of Nigeria (CBN) has asked banks and foreign exchange (forex) dealers to begin to accept both old series and lower ...
Regulatory
Biden Administration Developing Cryptocurrency Regulation Treasury to Provide Direction to SEC
The Biden administration is reportedly developing a regulatory framework for the cryptocurrency markets. The new chairman of the U.S. Securities and Exchange Commission ...
Regulatory
Digital Ruble Front And Center In The Plans Of Russia’s Central Bank
Russia’s central bank recently introduced an in-depth roadmap for payments innovation in the nation for the three years to come, according to reports. ...
Regulatory
CBN includes sugar, wheat on FX restriction list
The Central Bank of Nigeria has announced plans to place sugar and wheat on its FX restriction list. The plan was disclosed by ...
