🇳🇬NigeriaWest Africa
Nigeria's Central Bank introduces new BVN guidelines effective May 1, 2026
via Punch Nigeria1 min read
The Central Bank of Nigeria has announced new BVN guidelines, effective May 1, 2026, which will significantly alter how Nigerians manage their bank accounts. These updates include enhanced security measures such as limiting logins to a single device, implementing a one-time phone number change policy, and potentially imposing temporary restrictions on accounts identified with suspicious activity. The new regulations apply to all BVN holders, and customers are encouraged to update and secure their information before the deadline to prevent service interruptions. While the policy aims to combat fraud and bolster digital banking security, there are ongoing concerns regarding its potential impact on accessibility, particularly for users already contending with Nigeria's banking and network challenges.
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This summary was AI-generated from a story originally published by Punch Nigeria.
Rising artiste Akinlolu Emmanuel, known as eMQUE, has released a new song featuring afrobeats singer Niniola. This collaboration marks a significant step in eMQUE's music career, blending his street-inspired sound with Niniola's Afro-house style. eMQUE stated that his inspiration for the collaboration stemmed from his respect for Niniola's originality and a desire to merge their distinct sounds to create something new. He also sought to challenge himself and expand his sonic range. Niniola's energetic delivery and unique style complement eMQUE's storytelling approach on the track.
Real Madrid striker Kylian Mbappe experienced a "muscle overload" in his left hamstring during the team's 1-1 La Liga match against Real Betis, a club source informed AFP. Mbappe requested a substitution in the final 10 minutes of the game, which left Real Madrid eight points behind league leaders Barcelona. The France captain's injury does not appear to be serious, pending further tests, which alleviates concerns ahead of the World Cup this summer. Coach Alvaro Arbeloa stated he had no information on Mbappe's condition, noting the player felt discomfort and his status would be monitored in the coming days. This incident follows Barcelona's Lamine Yamal suffering a hamstring injury, ruling him out for the rest of the season, though he is expected to be fit for the World Cup.
The Young Progressives Party YPP has announced its schedule for the 2026 electoral cycle, including dates for congresses, primaries, and its national convention. The party has set the presidential nomination form at ₦50 million. This information was shared by YPP National Publicity Secretary, Egbeola Martins, following the party's 25th National Executive Committee meeting in Abuja. The NEC approved nomination fees for all elective positions, with governorship forms at ₦20 million, Senate aspirants at ₦8 million, House of Representatives at ₦3 million, and state assembly hopefuls at ₦1.5 million. Expression of interest forms remain free. The YPP also introduced a 50 percent concession on nomination fees for individuals under 40, women, and persons with disabilities to promote wider participation. The sale of forms has commenced. State Houses of Assembly primaries are scheduled for May 24, House of Representatives and Senate primaries for May 25, governorship primaries for May 26, and the national convention and presidential primary for May 30. The NEC also voiced significant concern regarding the escalating insecurity nationwide, particularly the increase in kidnappings for ransom and violent attacks, urging the President to demonstrate stronger political will to address the crisis.
Canada has approved a multi-billion-dollar expansion of a west coast natural gas pipeline, aiming to increase exports to Asia and reduce reliance on the United States. Prime Minister Mark Carney has characterized Canada as an "energy superpower," stating that increased oil and gas sales to Asia could mitigate losses from strained trade relations with the United States. The Ministry of Natural Resources confirmed that the project supports Canada's trade diversification strategy by enhancing its capacity to meet natural gas demand from Asian markets. The pipeline expansion could also facilitate liquefied natural gas sales to the United States, potentially offering Canada leverage in upcoming negotiations with President Donald Trump regarding the North American Free Trade Agreement. The CAN$4 billion $2.9 billion expansion of Enbridge's pipeline system in British Columbia is scheduled to commence this summer, with completion anticipated by late 2028. While this timeline does not offer immediate relief to the global LNG market, which is currently under pressure from the US-Iran conflict, the International Energy Agency has warned of long-term strains on LNG supplies due to the conflict. Experts suggest that Canadian energy products, which do not require transit through the Middle East, could become more appealing in Asian markets given the disruption to global supply chains.