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ALTON says FCCPC suspends digital lending rules for telecom Operators Amid Regulatory Uncertainty
Nigeria’s telecom sector is facing fresh regulatory uncertainty after the Association of Licensed Telecommunications Operators of Nigeria (ALTON) said the Federal Competition and Consumer Protection Commission (FCCPC) has suspended its digital lending guidelines as they apply to telecom operators. The development adds another layer of complexity to how lending services linked to mobile networks are…
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NIMC warns Nigerians over fake NIN correction portal targeting identity data.
Nigeria’s Identity Management Agency is warning citizens about a growing wave of online scams built around fake National Identification Number (NIN) correction portals, as fraudsters increasingly exploit public demand for identity updates and verification services. The National Identity Management Commission (NIMC) says it has identified unofficial websites and links circulating on social media and messaging…
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SPAR exits the UK after a decade-long struggle to compete in a crowded supermarket market.
SPAR’s exit from the UK market marks the end of a long, difficult attempt to build a stronger foothold in one of Europe’s most competitive grocery retail environments, where price pressure, scale advantages, and shifting consumer habits have reshaped the sector. The supermarket brand, known globally for its franchise model and convenience-focused stores, has operated…
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Mauritius Commercial Bank plans $1 billion push into Africa’s trade finance market.
Mauritius Commercial Bank (MCB) is preparing a major expansion into Africa’s trade finance space with plans to deploy up to $1 billion, signalling renewed interest in cross-border lending as African trade flows continue to grow and become more complex. The move reflects a broader shift among African and island-region financial institutions that are looking to…
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CBN extends POS agent Operating Radius to 70 metres, Reshaping Nigeria’s agent banking rules.
Nigeria’s Central Bank has adjusted one of the key operational rules governing Point-of-Sale (PoS) agents, expanding the permitted distance between PoS terminals to 70 metres as part of ongoing efforts to tighten structure around the country’s fast-growing agent banking network. The change reflects how central PoS agents have become in Nigeria’s financial system. With limited…
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South Africa moves to tighten crypto regulation after court ruling exposes legal gap.
South Africa is moving to close regulatory gaps in its crypto sector after a court ruling highlighted weaknesses in how digital assets are currently classified and supervised, adding fresh pressure on authorities to bring clearer oversight to one of Africa’s most active crypto markets. The issue stems from longstanding ambiguity around how cryptocurrencies fit into…
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