Fintech
Global: JP Morgan Set to Secure Merchant Banking License in Nigeria, Accelerates African Expansion
Global banking leader JP Morgan is reportedly advancing plans to transform its Lagos representative office into a fully licensed merchant banking operation, signaling ...
Nigeria
Nigeria: ISA 2025 Set to Accelerate Economic Growth and Capital Market Innovation — SEC
The Securities and Exchange Commission (SEC) has described the upcoming Investments and Securities Act (ISA) 2025 as a transformative legislative framework poised to ...
Global
SEC Restructures Regional Offices to Strengthen Regulatory Oversight and Operational Efficiency
In a strategic move aimed at enhancing regulatory efficiency and oversight, the U.S. Securities and Exchange Commission (SEC) has announced a comprehensive restructuring ...
Nigeria
Nigeria: SEC Warns Ponzi Scheme Operators: 10-Year Jail Term, N20 Million Fine Under New Law
The Securities and Exchange Commission (SEC) has declared that individuals and entities promoting or operating Ponzi schemes now face a minimum fine of ...
Nigeria
Nigeria: NESG Advocates VAT Increase to Sustain Government Revenue Amid Tax Reforms
The Nigeria Economic Summit Group (NESG) has urged the Federal Government to increase the Value-Added Tax (VAT) rate as part of its ongoing ...
Fintech
Mastercard Expands Embedded Virtual Card Technology to Transform Commercial Payments
Mastercard is set to revolutionize commercial payments with the launch of a new program designed to integrate embedded virtual card technology seamlessly into ...
Fintech
Nigeria’s cNGN Stablecoin Seeks Listings on Yellow Card, Roqqu to Accelerate Adoption
The Africa Stablecoin Consortium (ASC), developers of Nigeria’s first regulatory-approved stablecoin, cNGN, are in early-stage discussions with leading African crypto exchanges, Roqqu and ...
Nigeria
Nigeria: NDIC to Commence Liquidation Dividend Payments for Heritage Bank’s Uninsured Depositors in April 2025
The Nigeria Deposit Insurance Corporation (NDIC) has announced plans to initiate the first phase of liquidation dividend payments for uninsured depositors of the ...
Global
European Payment Alliance Advances Instant Cross-Border Transactions
The European Payment Alliance (EuroPA) has initiated a major shift towards instant cross-border payments by integrating mobile transfer schemes such as Italy’s Bancomat, ...
Global
FDIC Introduces ‘New Approach’ for Banks Engaging in Crypto Activities
The Federal Deposit Insurance Corporation (FDIC) has announced a significant shift in its regulatory approach, allowing FDIC-supervised institutions to engage in cryptocurrency-related activities ...
