LATEST ARTICLES
Afghanistan
Herbert Smith Freehills
In the context of the claimant Afghan bank's entitlement to enforce certain counter-guarantees provided by the defendant Indian bank, the High Court has granted limited declaratory...
Bahrain
Raees + Co
The financial sector plays a pivotal role in Bahrain's economic growth, acting as the largest non-oil contributor to the Kingdom's GDP. Acknowledged as the GCC'S most established sector...
Egypt
Andersen in Egypt
بجانب ظهور تقنيات تحديد الهوية الرقمية والبيومترية "التعريف الآلي "، لقد مهدت الإقا&#
Andersen in Egypt
E-residency, along with the rise of digital and biometric identification technologies, has paved the way for innovative solutions that challenge traditional notions of entrepreneurship...
Nigeria
Andersen in Nigeria
On 28 March 2024, the Central Bank of Nigeria (CBN) in line with Section 9 of the Banking and Other Financial Institutions Act (BOFIA) of 2020 released a circular...
Pavestones Legal
The Central Bank of Nigeria ("CBN") on March 28, 2024, published a circular reviewing the minimum capital requirements for Commercial, Merchant, and Non-interest Banks in Nigeria.
PUNUKA Attorneys & Solicitors
The Banking Sector Regulation Programme is a regulatory initiative of the Central Bank of Nigeria that requires banks operating in Nigeria, to increase their minimum paid-in common equity capital to a specified amount ...
Templars
If the 2008 global financial crisis and subsequent failures of various banks around the world have taught us anything, it is that regulatory capital is pivotal in sustaining the resilience of banks...
Bloomfield Law
On March 29, 2024, it was reported that stock investors gained Four Trillion, Four Billion Naira (N4,400,000,000,000) as the Nigerian Exchange Group (the "NGX") concluded the month positively...
Aarndale Solicitors
In January 2021, the Securities Exchange Commission governed by the Investment and Securities Act, 2007 (as amended) released the "Crowdfunding Rules" or the "Rules" for the regulation of unregulated crowdfunding activities in Nigeria.
Aarndale Solicitors
In recent years, crowdfunding has surged in popularity as a viable alternative investment option in Nigeria.
SimmonsCooper Partners
In the fast-paced world of Nigerian startups, securing financial support is a critical step toward growth. Many startups in Nigeria face the challenge of finding enough financial support...
Bloomfield Law
On February 23, 2024, the Central Bank of Nigeria (the "CBN") issued a circular with reference number FPR/DIR/- PUB/CIR/002/006. The circular is titled "Revised Regulatory and Supervisory...
LeLaw Barristers & Solicitors
The recent debacle that the CBN's currency change just
around Nigeria's 2023 general elections represented, the
magnitude of avoidably huge (and in some cases irreparable) losses,
the untold...
Saudi Arabia
Alvarez & Marsal
Kingdom of Saudi Arabia – 18 March, 2024 – Leading global professional services firm Alvarez & Marsal (A&M) has released its 4th annual edition of the Kingdom of Saudi Arabia (KSA) Banking Pulse for fiscal year 2023.
South Africa
Adams & Adams
The Financial Advisory and Intermediaries Services Act ("the Act") defines a Financial Service Provider ("provider") as any person who...
ENS
Banks designated as systemically important financial institutions ("SIFIs") by the South African Reserve Bank ("Reserve Bank") and their holding companies will be required to meet minimum...
ENS
The National Financial Ombud ("NFO") is a new and potentially effective way of resolving disputes between financial service providers and consumers. Companies...
Swart Attorneys
Business email compromise ("BEC") is a type of scam in terms of which a party's email is compromised and used to send fraudulent messages...
Shikana Group
How many of us in Tanzania know "informal" lenders who are lending millions per day to entrepreneurs?
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