Nigeria
Nigeria: CBN Intervenes with $360M to Stabilize Naira Amid FX Volatility
The Central Bank of Nigeria (CBN) injected $360 million into the foreign exchange (FX) market over five days, curbing pressure on the naira ...
Global
Global: U.S. Senate Votes to Repeal CFPB Oversight of Big Tech Payment Platforms
The U.S. Senate has voted to overturn a Consumer Financial Protection Bureau (CFPB) rule that would have extended regulatory oversight to major Big ...
Regulatory
South Africa to Raise VAT to 16% by 2026 to Strengthen Revenue Generation
South Africa’s Finance Minister, Enoch Godongwana, has announced a phased increase in the country’s value-added tax (VAT), outlining the measure during his 2025 ...
Nigeria
Nigeria: Access Bank’s Africa Trade Conference Paves the Way for Enhanced Intra-African Commerce
Access Bank PLC successfully hosted the inaugural Africa Trade Conference in Cape Town, South Africa, bringing together industry leaders, policymakers, and trade experts ...
Fintech
Visa to Introduce Tokenization and Digital Wallet Features for Fleet Cards
Visa is set to enhance its Fleet card offerings by integrating tokenization and mobile wallet provisioning, enabling issuers and FinTechs to securely embed ...
Innovation
South Africa to Scrap Luxury Tax on Smartphones to Promote Digital Inclusion
In a bid to make smartphones more affordable for low-income households, the South African government has announced plans to eliminate the luxury excise ...
News
South African Major Banks to Boost Loss-Absorbing Capacity from 2026 – Fitch
South Africa’s systemically important banks (D-SIBs) are set to enhance their loss-absorbing capacity starting in 2026 by issuing new loss-absorbing debt (FLAC), according ...
Fintech
UK Government Moves to Abolish Payment Systems Regulator, Consolidate Oversight Under FCA
UK Prime Minister Keir Starmer has announced plans to dissolve the Payment Systems Regulator (PSR) as part of a broader initiative to streamline ...
Nigeria
Nigerian Lawmakers Urge CBN to Halt ATM Charge Hike Over Economic Concerns
The House of Representatives has called on the Central Bank of Nigeria (CBN) to suspend the recent increase in Automated Teller Machine (ATM) ...
Global
FCA Seeks Regulatory Clarity to Boost AI Adoption in UK Banking Sector
The UK’s Financial Conduct Authority (FCA) is set to host a roundtable discussion with banking industry leaders to address concerns that stringent compliance ...
