03/16/2022
Standard Bank won't finance any new coal power plants, backing gas and renewables instead
The group aims to achieve net-zero carbon emissions from its operations by 2040 and that of its finance portfolio by 2050.
Regulation,Tax & Compliance
03/16/2022
Banks Temporarily Suspend, Reviews International Transaction of Naira Cards
Banks had in 2020 reviewed monthly international spending using naira cards from $500 to $300 and ultimately to $100 and also stopped the use of naira cards for ATM foreign currency withdrawals.
03/15/2022
Mauritius: An Overview of the New Regulatory Framework of Virtual Assets and Initial Token Offerings
On 17 September 2018, via a guidance note, the Financial Services Commission (FSC) recognised digital assets as an asset-class for investment by sophisticated and expert investors.
03/15/2022
South African Reserve Bank Set to Launch Project Khokha 2 Blockchain Report in April 2022
Project Khokha 2 was launched by the Intergovernmental Fintech Working Group (IFWG) to explore the policy and regulatory implications of tokenization in the financial markets in South Africa.
03/15/2022
FBNQuest to host Islamic estate planning clinic in Abuja
This forum aims to educate Muslims about the importance of Estate Planning in line with Islamic law.
03/14/2022
How Nigeria Serviced World Bank, IMF, Other Debts with $13.1bn in 11 years
Spent $1.3bn in first 3 months of 2021. $5.77bn paid in 2020 is highest
03/14/2022
UAE to inject money in Sudanese banks: minister
The head of the Sovereign Council was in UAE to attend Dubai’s Expo 2020 world fair.
03/11/2022
APBEF-UBA: A new agreement on settlement of disputes between banks
The second agreement concerns the Mediation and Arbitration Centre of the Union of Arab Banks, with a partnership agreement aimed at resolving disputes between the various Tunisian banks.
03/10/2022
‘Freedom Coin’ cryptocurrency not licensed and approved by Bank of Ghana – Public cautioned
Cryptocurrencies such as Bitcoin are not regulated under any laws in Ghana – BoG
03/09/2022
South Africa’s biggest pension fund announces increases from April
Pensioners who retired after 1 April 2021 are to receive a proportionate increase based on the number of months they have been in receipt of pension by 31 March 2022.
03/09/2022
BoG, EOCO flag more ponzi companies
It said unsuspecting recipients of such messages who click on the hyperlink or forward such messages compromised the safety of their funds, their WhatsApp accounts and other social media profiles, as well as those of friends and family on their contact li
03/09/2022
CBN’s Push for Private Sector Credit
The forbearance included the restructuring of the loan repayment plans, moratorium as well as the CBN reducing interest rates on all its intervention programmes to five per cent from nine per cent till the end of March 2022.
03/09/2022
Fidelity Bank backs CBN $200bn forex policy
Imam said that the financial institution would not relent in its efforts to bridge the knowledge gap in the non-oil sector space by facilitating the necessary processes and documentation for the new policy, with the goal of increasing FX repatriation thro
03/07/2022
Wema Bank: How POS Channel Boosts Financial Inclusion
Specifically, Bolodeoku said the PoS business has witnessed 86% growth in the last two years and has helped to bring a large segment of Nigeria’s informal and unbanked population into the formal financial system.
03/04/2022
A Bit too insecure
Tulip, a Seychelles incorporated company, whose ultimate beneficial owner claims to have created Bitcoin under the pseudonym “Satoshi Nakamoto”, was ordered to pay security for costs.
03/04/2022
Banks, others to get regulators’ clearance for offers
SEC stated that the new requirement become necessary in a bid to further improve the Commission’s transaction turn-around period and enhance integrity of capital market instruments.
03/04/2022
The FSCA releases draft strategy for supporting transformation in the financial sector
The purpose of such engagement will be to assess current levels of transformation within the financial sector
03/03/2022
South Africa is heading for big interest rate changes – what you should know
“The upward trend will be slower – taking at least three years – than the large rate cuts seen in the first half of 2020."
03/02/2022
SA court rules that maintenance orders will only prescribe after 30 years
The court found that the maintenance obligations in terms of the consent paper constituted a judgment debt as contemplated in section 11(a)(ii) of the Prescription Act, as opposed to an order of court.
03/02/2022
FirstBank: Our FGT has Contributed Towards Boosting Intra African Trade
More awareness should be created amongst the populace on the existing CBN intervention measures