Kenya's Parliament Finance Committee has proposed an 8-year deadline for commercial banks to meet new capital requirements, citing concerns over the initial 3-year timeline's potential impact on smaller lenders.
Morocco's central bank governor announces draft law to regulate crypto assets, marking a significant step towards addressing challenges and opportunities posed by crypto in the country.
Nigeria's Central Bank imposes fines on 29 banks for violating anti-money laundering and counter-terrorism financing regulations, highlighting the need for stronger compliance measures in the financial sector.
Nigeria's Central Bank will impose penalties on commercial banks that fail to provide cash to customers at ATMs and branches, amid a prolonged cash crunch in the country.
Nigeria's central bank tightens grip on fintechs, imposing stricter compliance measures to combat fraud and money laundering, as the country aims to exit the FATF greylist by January 2025.
President-elect Donald Trump selects Andrew Ferguson as the next Federal Trade Commission chair, promising to reverse Lina Khan's 'anti-business agenda' and combat tech 'censorship'.
Nigeria's Central Bank has imposed a ₦150 million fine on banks and financial institutions caught selling newly minted banknotes to currency hawkers, exacerbating the country's cash shortage crisis.
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