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Kenya Introduces 1.5% Digital Tax.

Kenya’s National Treasury is taking a bold step into the future of digital economy management by proposing a 1.5% digital tax on local online...

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BREAKING NEWS: Reps Order Pause on Cybersecurity Levy Implementation

The House of Representatives on Thursday, 9th of May 2024 called upon the Central Bank of Nigeria (CBN) to suspend the enforcement of the recently proposed...

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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 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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NDPC Unveils New Code of Conduct. 

Welcome to the latest compliance news update! In this edition, we bring you the latest developments and updates from the Nigeria Data Protection...

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Nigeria restricts access to cryptocurrency websites.

Governments and regulatory bodies worldwide continually adapt policies to address emerging challenges and foster economic resilience. From Nigeria’s...

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House Committee to Penalize Agencies for TSA Violations.

Welcome to this week’s edition of Compliance Updates. Our goal is to provide you with the latest compliance news across Africa. Our team of experts has...

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CBN Finds FX Violations, KRA Simplifies VAT, FIRS Delays Guidelines.

In the ever-evolving landscape of financial and tax regulations, recent announcements from central banks and revenue authorities shed light on significant...

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CBN Fires Bank Boards and CEOs

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

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