CBN Mandates AI-Powered Anti-Money Laundering Systems Across Nigeria’s Financial Sector

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Nigeria’s Central Bank has drawn a hard line on financial crime compliance, issuing a sweeping directive that requires every bank, fintech operator, and payment service provider in the country to deploy automated anti-money laundering technology. The move signals a decisive shift away from manual monitoring in a financial system that processed nearly 11 billion instant...
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From Rapper to Prime Minister: How Nepal’s Gen Z Revolution Just Rewrote the Political Playbook

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A four-year-old political party led by a former rapper has just delivered one of the most stunning electoral landslides in modern Asian history – and the implications stretch far beyond the Himalayan nation. The Rastriya Swatantra Party (RSP), or National Independent Party, has won over 117 of 165 directly elected seats in Nepal’s parliamentary elections,...
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N210 Trillion Question: Senate Summons Mele Kyari Over NNPCL’s Missing Billions

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The Nigerian Senate has thrown down one of the most consequential accountability challenges in the country’s oil sector history – summoning former NNPCL Group Chief Executive Officer Mele Kyari to explain alleged financial discrepancies totalling N210 trillion recorded between 2017 and 2023. The Senate Committee on Public Accounts, chaired by Senator Aliyu Wadada, issued the...
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FIFA Officially Ends Nigeria’s 2026 World Cup Dream

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FIFA has confirmed that the Democratic Republic of Congo will represent Africa in the intercontinental play-off tournament for the 2026 FIFA World Cup, definitively ending the Super Eagles’ hopes of competing on football’s biggest stage. The decision, communicated through an official accreditation notice to journalists on Wednesday, listed the six nations set to participate in...
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Africa Braces for Economic Fallout as Middle East Conflict Threatens Fuel Prices and Supply Chains

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The ripple effects of the U.S.-Iran war are being felt acutely across Africa, where rising oil prices and disrupted shipping routes threaten to worsen cost-of-living pressures on a continent already grappling with inflation and currency instability. As one AllAfrica headline put it succinctly: when Tehran burns, Africa pays. Nigeria, Africa’s largest economy and a major...
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Global Markets in Free fall as Iran War Widens and Strait of Hormuz Grinds to a Halt

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The escalating military conflict between the United States, Israel, and Iran has sent shockwaves through global financial markets, with Asian stock exchanges recording their steepest losses in years on Wednesday. South Korea’s KOSPI index led the carnage, plunging approximately 12% in a single session – its worst performance since the 2008 global financial crisis –...
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Dangote Sets His Sights on Steel and the Lights

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Aliko Dangote has a habit of entering industries that Nigeria desperately needs and that no one else is willing to bet on at scale. He did it with cement. He did it with fertiliser. And then, against extraordinary odds and with a price tag that swelled to over $20 billion, he did it with oil...
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