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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,…
Wema Bank eyes Tier-1 status with planned acquisitions, as PBT hits N221.9bn
Shareholders of Wema Bank have approved the Management’s plans for bold acquisitions that would see the institution reach a Tier-1 status in the country. The shareholders, Wednesday, also endorsed the bank’s move to fast-track growth and attain Systemically Important Bank…
Cement firms report impressive Q1 growth, applaud reformed forex for stabilizing industry
Nigeria’s cement manufacturing firms, including; BUA, Dangote and Lafarge have reported impressive first quarter financial statements. The growth comes amid claims of inclement operating environment riddled with high operating costs, logistics, and other overheads which have seen the market price…
FG begins certification processes for 5 proposed deep seaports
Federal Government has approved certification processes for five proposed deep seaports. Federal Government has approved certification processes for five proposed deep seaports in the country. The move is aimed at halting a reported loss of over 70 per cent of…
Tinubu appoints Aina to replace retiring Oloyede at JAMB
President Bola Tinubu has appointed Professor Segun Aina as the new Registrar of the Joint Admissions and Matriculation Board (JAMB) to replace the retiring Professor Is-haq Oloyede, whose two-term tenure expires on July 31, 2026. Prof. Aina who only turns 40…
Domestic carriers hike fares, despite slash in JET-A1 pump price by local refinery
Domestic airlines operators have hiked the price of flight tickets across all local routes. The increase comes barely one day after a local refinery had slashed the pump price of the JET A1 ( aviation fuel), as well as other…
Stock market losses N1.62trn, as CBN retains interest rate at 26.50%
Central Bank of Nigeria (CBN) has retained the country’s Monetary Policy Rate (MPR) at 26.50 per cent. The CBN Governor, Mr Olayemi Cardoso, who disclosed this during a press briefing at the end of the 305th Monetary Policy Committee (MPC) meeting…
FG introduces unified, mandatory tax ID for all Nigerians
Federal Government, through the Nigeria Revenue Service (NRS), formerly the Federal Inland Revenue Service (FIRS), has launched a compulsory Tax ID system for all taxable Nigerians and businesses. The new Tax ID framework will replace the existing TIN Validation API…
