Nigeria’s SEC cracks down on fintech fraud
The Securities and Exchange Commission details how it is enforcing smart regulations to protect investors and ensure compliance in a fast-evolving sector.
1:30
Nigeria approves Quidax, Busha as crypto platforms
The two exchanges were approved under the Commission's Accelerated Regulatory Incubation Programme.
3:00
SAP to pay $100m in Africa fraud settlement
The software vendor agreed to a monetary penalty with US Securities and Exchange Commission, for violating Foreign Corrupt Practices Act in five African countries.
2:10
FBI charges Nigerian fintech founder with securities fraud
According to the FBI the founder of Nigerian founded Nasdaq-listed agri-fintech startup, Tingo, reported hundreds of millions of dollars in fictitious revenues and assets for three companies he controls.
1:40
Kenya’s Lipa Later gets US approval to raise funds
Lipa Later, a fintech platform, has received historic approval for public fundraising in the United States.
1:50
Nigeria approves blockchain policy to shore up economy
The Nigerian government has since directed relevant regulatory bodies to start work on developing regulatory instruments for deployment of the technology.
2:30
From citizens to banks, Nigeria's CBN warns on digital currencies
Financial regulator says virtual currencies are not legal tenders and users do so at their own risk.