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CBN’s New Cybersecurity Levy Faces Major Backlash from SERAP, NLC, and Business Leaders

The Central Bank of Nigeria’s (CBN) decision to impose a 0.5 percent cybersecurity levy on most electronic transactions has sparked a wave of criticism...

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CBN Cybersecurity Levy: 16 Key Transactions Exempted.

The Central Bank of Nigeria (CBN) has recently mandated a new measure that will significantly impact the landscape of electronic transactions across the...

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CBN Unveils New Classification for Nigeria’s Banking Sector

On Wednesday, 8th of May 2024, the Central Bank of Nigeria (CBN) released a detailed inventory of Deposit Money Banks licensed to operate within the nation....

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CBN Halts Bank Charges on Cash Deposits 

In a significant move aimed at easing the financial burden on its citizens, the Central Bank of Nigeria (CBN) has announced a directive for banks to halt the...

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CBN Mandates Financial Institutions to Implement 0.5% National Cybersecurity Levy.

The Central Bank of Nigeria (CBN) has emphasized the need for strict compliance with the Cybercrimes (Prohibition, Prevention, Etc.) Act 2015, specifically...

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Bank of Uganda Introduces Mandatory ID Verification for High-Value Digital Transactions

The compliance landscape is constantly evolving, adapting to new challenges and threats that emerge within specific sectors. This means that regulatory...

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CAK Sets Sights on Unlicensed Courier Services

The Communications Authority of Kenya (CAK) is tightening the noose on Public Service Vehicles (PSVs) and e-commerce entities operating courier services...

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NDIC Launches Anti-Corruption Unit with ICPC’s Support

The Nigeria Deposit Insurance Corporation (NDIC) has taken a bold step in fortifying its stance against corruption by inaugurating its Anti-Corruption and...

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Kenya Ramps Up Crypto Regulation Efforts with Inter-Agency Task Force.

In a bold move to tighten oversight in the cryptocurrency arena, the Kenyan government has assembled an elite inter-agency task force. This powerhouse team,...

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New Charges for Ghana Card Services Starting May 2024

Effective May 1, 2024, the National Identification Authority (NIA) of Ghana has announced revised fees for select services following the enactment of new...

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