Governance & Policy

Regulations, laws, directives and policies, that affect African startups, the financial sector, telecoms, cyber security, among others. It's unpredictable nature either enables, stifles or is neutral on innovation

Why Kenya wants to tax content creators and influencers

Chimgozirim Nwokoma

1 month ago

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Governance & Policy

Will your BVN expire? CBN says no, but a now-deleted/restricted page says otherwise

After reports surfaced about the ten-year expiry date for BVNs, the CBN has come out to deny them. However, a search of the CBN's BVN FAQ page confirms the existence of a document stating that BVNs will expire after ten years.

Chimgozirim Nwokoma

4 weeks ago

Governance & Policy

What is Nigeria's blockchain policy, and why should you care?

The Nigerian government approved the national blockchain policy on May 3, 2023. But what does this mean for the country and why should Nigerians care?

Bolu Abiodun

1 month ago

Governance & Policy

Why Kenya wants to tax content creators and influencers

The Kenyan Revenue Authority has indicated an interest in taxing content creators in amendments made to the Finance Bill. Should the amendments be approved by President William Ruto, content creators will pay a 15% withholding tax.

Chimgozirim Nwokoma

1 month ago

Governance & Policy

Ghana's Driver and Vehicle Licensing Authority pauses collection of Digital Transport Fees

Few days after new fees for ride-hailing users in Ghana came into force, the Driver and Vehicle Licensing Authority (DVLA) of Ghana has instructed ride-hailing companies to stop collecting digital transport fees.

Chimgozirim Nwokoma

2 months ago

Governance & Policy

CBN affirms that old ₦‎200, ₦‎500, and ₦‎1,000 remain legal tender

The Central Bank of Nigeria has issued an official statement endorsing the use of old banknotes as legal tender.

Chimgozirim Nwokoma

3 months ago

Governance & Policy

One week after the Supreme Court ruling, Nigerians remain stranded as the CBN is yet to issue a statement

Despite a Supreme Court ruling, the CBN's silence over the status of old naira notes means many Nigerians remain stranded.

Chimgozirim Nwokoma

3 months ago

Governance & Policy

Nigeria's Central Bank issues open banking operational guidelines

The Central Bank of Nigeria has issued operational guidelines for open banking.

Chimgozirim Nwokoma

3 months ago

Governance & Policy

"They are all legal tender." CBN spokesperson encourages Nigerians to accept old naira notes

Isa Abdulmumin, the Central Bank of Nigeria's (CBN) Acting Director, Public Communications Department, has said the old and new naira notes are now legal tenders. Although the CBN is yet to issue a statement, Abdulmumin assures Nigerians that they can start spending old...

Bolu Abiodun

3 months ago

Governance & Policy

Supreme Court orders old naira notes to remain legal tender until December 2023

Old naira notes will remain legal tender until December 31, 2023 according to a ruling by the Supreme Court.

Chimgozirim Nwokoma

3 months ago

Governance & Policy

Old ₦‎200 notes to remain legal tender in Nigeria until April 10, 2023

President Muhammadu Buhari has directed the CBN to release old ₦‎200 notes into the economy, extending its use to April 10, 2023.

Chimgozirim Nwokoma

4 months ago

Governance & Policy

All you need to know about AfriGo, the CBN’s domestic card scheme

The Central Bank of Nigeria has launched the first domestic card scheme in Africa. Here are some things to know about the new card.

Chimgozirim Nwokoma

4 months ago

Governance & Policy

CBN’s regulatory sandbox goes live as regulator seeks to improve quality of financial services in Nigeria

The CBN has announced that its regulatory sandbox is live as it seeks to improve the quality of financial services in the country.

Chimgozirim Nwokoma

4 months ago

Governance & Policy

Nigeria makes ₦‎125 billion from transfer levies

According to the Federal Inland Revenue Service, income generated from the electronic money transfer levy rose by 10.24% between 2021 and 2022.

Chimgozirim Nwokoma

5 months ago

Governance & Policy

The Central Bank of Somalia has announced plans to redesign its 1,000-shilling notes to curb inflation

Following Kenya's and Nigeria's leads, Somalia has announced plans to replace 1,000-shilling notes.

Victoria Fakiya

5 months ago

Governance & Policy

New naira notes will only be available via ATMs as CBN bans their withdrawal over the counter

The CBN has banned over-the-counter withdrawals of new naira notes, making them available only via ATMs.

Bolu Abiodun

5 months ago

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