Regulatory
CBN disburses N237bn banknotes to merchants, others in 2019
The Central Bank of Nigeria (CBN) disbursed lower denomination banknotes worth N237.14 billion to microfinance banks (mfbs), merchants, shopping malls, market associations among ...
Regulatory
FG Warns MDAs against Breach of Financial Regulations
The Accountant General of the Federation (AGF), Mr. Ahmed Idris, has warned ministries, departments and agencies (MDAs) of Government against clear violation of ...
Regulatory
CBN: N1.66bn Cases Handled under New Debt Recovery Initiative
The Central Bank of Nigeria (CBN) has said that it has handled cases involving 26,057 accounts valued at N1.660 billion. The cases were ...
Regulatory
France Central bank Policy maker questions authenticity of Bitcoin
A leading French academic and central bank policy maker has called bitcoin (BTC) a “myth” and a “pseudo-currency,” and dismissed the token’s chances ...
Regulatory
CAMA reduces regulatory burden on SMES – Dr Jumoke Oduwole
The special Adviser to the President on Ease of Doing Business, Dr Jumoke Oduwole, said the new Companies and Allied Matters Act 2020 ...
Regulatory
CBN urged to enforce guidelines to push industry growth
The Central Bank of Nigeria (CBN), has been urged to enforce guidelines that would mandate commercial banks to stick to their core business ...
Regulatory
Lagos announces additional tax incentives for businesses
Waiver of penalty for late payment of liabilities under PAYE that were due during the period when the state was under lockdown. The Lagos ...
Regulatory
Oracle And Salesforce Hit With $10 Billion GDPR Class-Action Lawsuit
Tech giants, Oracle and Salesforce will face class-action lawsuits for breaching and sharing of personal data to sell online advertising in the UK ...
Regulatory
China’s P2P Lending Crackdown Leaves $115B In Losses
China’s peer-to-peer (P2P) lending sector, once 6,000 businesses strong, has been reduced to fewer than three dozen as the government tightened regulations, leaving billions ...
Regulatory
Lagos state government set to propose guidelines for ride hailing companies
The Lagos State Government has set guidelines for E-ride hailing companies to be implemented on August 20. The provision means that the state ...