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Nigerian Navy Restricts Movement on Calabar–Oron Waterway for 13 Hours to Curb Piracy and Smuggling 0
- NEWS
- May 4, 2026
The Nigerian Navy has imposed a 13-hour restriction on movement along the Calabar–Oron water channel as part of intensified operations to combat piracy, smuggling, and other criminal activities in the area. The restriction, which runs from 5:00 p.m. to 6:00 a.m., is intended to strengthen surveillance and improve the military’s response to threats along the
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Academy of Motion Picture Arts and Sciences Tightens AI Rules, Expands Eligibility for Academy Awards 0
- LIFESTYLE
- May 3, 2026
The Academy of Motion Picture Arts and Sciences has introduced sweeping rule changes ahead of the 99th Academy Awards in 2027, targeting the growing influence of artificial intelligence, acting nominations, and international film eligibility. Under the new rules, actors can now receive multiple nominations within the same category if more than one of their performances
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Somali Pirates Hijack Oil Tanker in Gulf of Aden as Maritime Insecurity Worsens 0
- FOREIGN
- May 3, 2026
Somali pirates have seized an oil tanker, identified as MT Eureka, off the coast of Yemen in the Gulf of Aden, with the vessel reportedly being taken toward Somali waters, according to security officials. The incident occurred in the early hours near the port of Qana, with Yemen’s coastguard confirming the hijacking around 05:00 local
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OPay Targets $4bn US IPO as It Engages Top Global Investment Banks 0
- BUSINESS
- May 3, 2026
Nigerian fintech giant OPay is reportedly preparing for a major initial public offering in the United States, targeting a valuation of around $4 billion, according to industry reports. The company has engaged leading global investment banks—Citigroup, Deutsche Bank, and JPMorgan Chase—to advise on the planned listing, although final timing and structure are still under review.
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Bola Tinubu Economic Adviser Warns Inflation Could Hit 20% as Oil Prices Rise, Urges States to Borrow 0
- NEWS
- May 3, 2026
The Federal Government has warned that Nigeria’s inflation rate could climb to around 20% if the current rise in global crude oil prices continues. The warning was issued in Lagos by the President’s Chief Economic Adviser, Dr. Tope Fasua, during a presentation at the Nigeria–South Africa Chamber of Commerce breakfast session. He explained that although
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Fuel Crisis Forces Spirit Airlines Shutdown, Thousands of Passengers Stranded 0
- BUSINESS
- May 3, 2026
Operations at Spirit Airlines have come to an abrupt halt following a surge in jet fuel prices tied to rising geopolitical tensions involving Iran, leaving passengers stranded and putting thousands of jobs at risk. The airline, already battling financial instability, was pushed over the edge by escalating fuel costs—one of the most critical expenses in
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