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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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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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South Africa Advances in Crypto Regulation

In a significant move towards regulating the burgeoning crypto market, South Africa’s Financial Sector Conduct Authority (FSCA) has officially recognized...

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CBN slashes the loan-to-deposit ratio (LDR) to 50 percent.

In a significant policy shift, the Central Bank of Nigeria (CBN) has unveiled a new regulatory directive intended to invigorate the nation’s real sector...

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Kenya Proposes New Bank Capital Bars for Growth & Risk Protection.

Kenya Plans to Set New Capital Bars for Banks to Safeguard Against Risks and Drive Growth. In a bold move to enhance its banking sector’s resilience and...

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NGX Implements Stricter Compliance Officer Standards.

Thank you for joining us on this week’s edition of Compliance Updates. Our aim is to keep you informed about the latest compliance developments across...

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