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CBN Announces Major Regulatory Overhaul for BDC Operators

The Central Bank of Nigeria (CBN) has announced significant updates to the regulatory guidelines for Bureau De Change (BDC) operators, marking a pivotal shift...

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Nigeria’s Insurance Sector Faces Deadline Pressure

With the deadline for the submission of the 2023 Audited Financial Accounts looming, insurance companies operating in Nigeria are facing significant challenges...

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Nigeria’s President Halts Controversial Cybersecurity Levy.

A significant directive from President Bola Tinubu has put the implementation of the controversial cybersecurity levy by the Central Bank of Nigeria (CBN) on...

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CAC Sets July 2024 Deadline for Nigeria’s PoS Agent Registration

The Corporate Affairs Commission (CAC) of Nigeria has taken a significant step to enhance the regulatory framework of the financial technology sector by...

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URA Chief Debunks DTS Cost Concerns, Highlights Compliance Benefits for Uganda’s Economy

In an insightful address during the Private Sector Foundation Uganda’s unveiling of a PwC report on Digital Tracking Solutions’ (DTS) impact in...

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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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