SEC flags unregistered investment schemes by PWAN/PWAN MAX
The SEC has warned the public about PWAN and PWAN MAX operating outside regulatory frameworks. PWAN/PWAN MAX is not registered to solicit funds or engage in capital raising activities.
SEC warns against Tofro.com, flags crypto platform as unregistered and fraudulent
The SEC warned that Tofro.com is not registered or authorized to solicit investments from the Nigerian public. Tofro.com displays multiple red flags associated with Ponzi schemes, including promises of unusually high returns.
Ghana Set to Regulate Crypto by September 2025
The Bank of Ghana is set to begin regulating cryptocurrency platforms by September 2025. The regulation will be enabled by the passage of the Virtual Asset Providers Act.
BREAKING: UBA posts 33% rise in Q1 2025 profit as interest income surges
UBA reported a 33% increase in first-quarter profit, reaching ₦189 billion. Interest income surged 36% to ₦599 billion compared to ₦440 billion last year.
Zone wants to create an Ethereum blockchain where government-backed regulators have oversight
Zone aims to create a regulated blockchain network that allows financial institutions to facilitate payments without third-party involvement. The proposed blockchain would enable regulators to monitor transactions in real-time, embedding compliance into the network's operations.
