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The Central Bank of Nigeria requires money transfer operators to open naira settlement accounts locally from May 1. Authorities aim to improve transparency and curb parallel foreign exchange market activity. The reform targets billions of dollars in remittances, a of Nigeria’s external liquidity. The Central Bank of Nigeria (CBN) has tightened regulations for international money transfer operators. The new rules will require companies such as Western Union and MoneyGram to open naira-denominated settlement accounts with licensed banks in Nigeria. The measure will take effect on May 1. The decision directly affects millions of Nigerians living abroad and their families at home. The CBN issued a circular on Tuesday, March 24, mandating all international money transfer operators to route transactions through local banking channels. In practice, every transfer sent from cities such as London, New York, or Dubai must pass through these designated accounts before reaching the final beneficiary. Previously, a portion of these flows bypassed official oversight and fed into the parallel foreign exchange market, which authorities have sought to curb for several years.

Cleanup crews and navy personnel remained deployed along Mexico’s Gulf coast on 26 March after crude oil polluted beaches in Veracruz and Tabasco. Authorities said 128 tonnes of contaminated waste had been removed, while the source remains under investigation.

Two robotic dogs are now patrolling public spaces in one of Caracas’s wealthiest districts. Officials say the technology is meant to support, not replace, police officers on the ground.

Sarah Mullally was installed as the first female Archbishop of Canterbury on 25 March 2026, marking a historic shift for the Church of England in its 1,400-year history amid ongoing internal divisions.

South African anti-graft investigators have arrested 12 senior police officers on allegations of corruption and fraud, prosecutors said Wednesday. The officers appeared later in a court in the capital, Pretoria.

By Elizabeth Adegbesan Capital importation into the country increased year-on-year (YoY) by 88.5 percent to $23.21 billion in 2025 from $12.31 billion in 2024. Vanguard  analysis of data from the National Bureau of Statistics, NBS, Capital Importation Report for 2025 showed that in Q1’25, capital imported into the country  stood at $5.64 billion. In Q2’25, capital […] The post Nigeria’s capital importation rises 88% to $23.2bn in 2025 appeared first on Vanguard News.

•Calls it “cost-of-living crises” in Nigeria •Says it will continue months after middle-east crises By Udeme Akpan,  Energy Editor AT the backdrop of excruciating retail prices of petrol across Nigeria despite the operation of domestic refining capacity, management of Dangote Refinery has indicated that the cushioning effect expected from its operations has been affected by […] The post Why petrol prices’ll remain high —Dangote appeared first on Vanguard News.

“As the apex regulatory authority, the CBN remains committed to acting in accordance with its mandate and established legal processes,” the statement read. The post CBN reaffirms oversight, assures stability of Union Bank after court ruling appeared first on Premium Times Nigeria.

Egypt's Foreign Minister Badr Abdelatty said during a press conference on Wednesday that his country's mediation between Iran and the US "continues in cooperation with Pakistan and Turkey," adding that the war should end "based on a win-win situation, not a zero-sum game." He also offered to host an

The agreement was signed on Tuesday at the commission’s headquarters in Abuja and will run for three years The post NUPRC signs agreement to boost offshore exploration appeared first on Premium Times Nigeria.