China reduces refined oil exports amid Middle East crisis

China has tightened restrictions on exports of refined oil products as it moves to protect its economy from rising instability linked to the Middle East conflict, according to a Bloomberg News report. The decision comes as global energy markets remain volatile following the war involving the United States, Israel and Iran. The world’s second-largest economy…

Three Additional Senators Defect from PDP to APC

The Nigerian Senate has confirmed the defection of three more lawmakers from the Peoples Democratic Party (PDP) to the ruling All Progressives Congress (APC). The senators are Amos Yohanna, who represents Adamawa North Senatorial District; Aminu Iya Abbas of Adamawa Central Senatorial District; and Ikra Aliyu Bilbis of Zamfara Central Senatorial District. Their letters…

CBN Orders Banks to Install Automated Anti-Money Laundering Systems Within 18 Months

The new standards apply to deposit money banks, mobile money operators, international money transfer operators, payment service providers, and other regulated financial institutions. According to the Central Bank of Nigeria (CBN), the policy is designed to strengthen the country’s financial crime detection framework as financial services become increasingly digital. “The Baseline Standards provide a framework…

Troops Kill Terrorists, Recapture Military Base in Borno

The Nigerian Army has successfully recaptured its Forward Operating Base in Ngoshe town, located in Gwoza Local Government Area of Borno State. According to Daily Trust, the operation was carried out with the support of members of the Civilian Joint Task Force (CJTF), as well as local vigilante and hunters’ groups. The development comes days…

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