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Nigeria’s financial institutions faced losses of 52.26 billion Naira (US$34.8 million) in 2024 due to fraud, primarily linked to the misuse of Bank Verification Numbers (BVNs). Instances of fraud involved …
Urgent Call for Liveness Detection in Nigeria’s Financial Sector Read More
The FRA has approved new rules for Egypt’s Settlement Guarantee Fund to strengthen market stability and mitigate counterparty risks. The measures include increasing resources by 650% and allowing fund members …
FRA Approves New Regulations for Egypt’s Settlement Guarantee Fund Read More
The Central Bank of Nigeria is enhancing regulatory oversight to strengthen the financial sector, prevent financial crimes, and ensure compliance with global standards. There was a recent workshop emphasizing the …
CBN Enhances Regulatory Oversight to Fortify Nigeria’s Financial System Read More
The Bank of Ghana has prohibited photocopying Ghana Cards for banking activities, emphasizing the necessity of biometric verification for identity authentication. This directive aligns with existing regulations and aims to …
BoG Directs Banks to Cease Photocopying Ghana Cards for Transactions Read More
The FCCPC has instructed MultiChoice Nigeria to maintain its current subscription fees while an investigation into proposed price hikes is conducted. MultiChoice had announced a price increase effective March 1, …
FCCPC Directs MultiChoice to Maintain Subscription Prices Amid Investigation Read More
The CBN has reinforced its commitment to a transparent financial system by enhancing regulatory compliance and risk management. At a training workshop, officials emphasized adherence to global banking standards and …
CBN Enhances Regulatory Oversight to Fortify Nigeria’s Financial System Read More
Flutterwave has obtained a Payment System license from the Bank of Zambia, facilitating its entry into the Zambian market. The fintech firm aims to provide businesses with secure and efficient …
Flutterwave Secures Payment System License from Bank of Zambia Read More
Fraudsters exploited static images for BVN registration, stealing N329 million. Unethical agents facilitated this by creating fraudulent accounts that enabled quick transactions. The report emphasized an overall rise in financial …
Fraudulent BVN Enrollment Leads to N329 Million Theft in Nigeria Read More
Ola Olukoyede of the EFCC highlights the issue of employment fraud in Nigeria, costing N40 billion yearly. Collaboration with NECA is sought to combat financial crimes. The EFCC’s focus on …
Employment Fraud in Nigeria Costs N40 Billion Annually, Says EFCC Chairman Read More
Radius Gold has expanded its Tierra Roja Copper Project in Peru, acquiring additional mineral claims. This strategic move enhances its potential for copper production, reflecting the growing demand for copper …
Radius Gold Expands Tierra Roja Copper Project in Peru Read More