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Hormuz: IMF, World Bank, IEA warn of acute fuel scarcity
Amid escalating prices of petroleum products, as well as, the liquefied petroleum gas (LPG) across parts of Nigeria, and the rest of the world, leaders of the International Monetary Fund (IMF), World Bank and International Energy Agency (IEA) have warned of…
Crude oil market continues climb, amid Strait of Hormuz uncertainties
Global crude oil market remained volatile, Friday, amid uncertainties by investors over the inability of United States and Iran to reach a peace agreement that would allow shipping traffic to return to normal in the Strait of Hormuz. Brent crude futures…
Airbnb defies growing global restrictions, rolls out expanded app
United States-based online marketplace for short and long-term accommodation, experiences and services in various countries and regions, Airbnb has launched an expanded app that now includes provisions for boutique hotels, grocery delivery, car rentals, and others. According to Airbnb, Friday,…
Nigeria’s crude oil production rises by 7.6%, as global carbon pricing revenue tops $107bn
Nigeria’s crude oil production increased by 7.66 percent in April 2026, representing a rise from 1.383 million barrels per day (bpd) recorded in March to 1.489 million bpd in April 2026, according to the Organisation of the Petroleum Exporting Countries…
Airbus cites ‘severe bottlenecks’ over A350, A320neo delivery delays
Commercial aircraft manufacturer, Airbus has blamed ‘severe bottlenecks’ for the delays experienced in delivery of the A350 and A320neo family aircraft to customers. According to the manufacturer, the delays could stretch from one month to four years. Explaining the delay,…
Bitcoin rush grows over alarming $39trn U.S debt crisis
United States government’s towering debt burden is once again rattling global financial markets, reviving fears about the long-term stability of the US dollar and fueling a fresh wave of speculation that bitcoin and gold could emerge as the biggest…
Global market has lost 880mb of oil ‘forever,’ says Saudi Aramco
Saudi Aramco has issued one of the starkest warnings yet about the state of the global energy market, declaring that nearly 880 million barrels of liquid hydrocarbons have effectively vanished from global supply chains as the Strait of Hormuz crisis…
Emirates reports $6.6bn PBT, high cash reserves, amid Gulf conflict
Aviation giants, the Emirates Group says it remains upbeat on outlook, as the carrier posted a record $6.6 billion profit in its 2025–26 annual report, although the impact of regional conflict was only felt during the final month of…
West African Development Bank gets own office
Victor Nze West African Development Bank (BOAD) has inaugurated the new premises of its resident mission in Dakar, Senegal, marking another step in strengthening its integration within the Senegalese economy and the UEMOA region. BOAD was previously located at the…
M/East conflict: Iran, Nigeria, others count losses
Nearly three weeks into the enforcement of a United States’ naval blockade in the Strait of Hormuz, restricting all ships originating from and entering Iranian ports, the Wall Street Journal (WSJ) has calculated that the development may be costing Iran…
