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U.S. Airports Face Severe Disruptions as TSA Staffing Crisis Deepens

Air travel across the United States has been thrown into disarray following a mass staffing shortfall within the , with 3,120 officers reportedly absent from duty on Wednesday, triggering unprecedented delays at major airports nationwide. Passengers encountered security lines stretching up to four and a half hours, as checkpoint capacity struggled to cope with surging […]

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OpenAI Shutters Sora Video App Amid Mounting Losses and Strategic Reset

has discontinued its Sora video-generation application following escalating operational costs and weak commercial performance, marking a significant recalibration of its consumer-facing AI strategy. Internal figures indicate that Sora was costing an estimated $15 million per day to operate, driven largely by the intensive compute requirements associated with high-fidelity video generation. In contrast, the product reportedly

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Hormuz Crisis Ripples Through Global Economy as Airfares Rise, Supply Chains Tighten

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Dubai — The escalating disruption around the is beginning to hit global markets, with early signs of impact on aviation, agriculture, and regional security. Air travel costs are already rising, with the CEO of warning that airfares have increased by about 20 per cent, driven by higher fuel costs and rerouted flight paths to avoid

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Nigeria: Fuel Prices Surge Despite Record Reserves as Oil Rally Bites Consumers

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Abuja/Lagos — Nigeria is facing a sharp rise in fuel costs even as external reserves climb to a 13-year high, highlighting a growing disconnect between macroeconomic gains and everyday living conditions. Petrol and Diesel Prices Climb Petrol prices have surged to around ₦1,275 per litre and rising, following multiple upward adjustments by the within a

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Global Trade Disrupted as Strait of Hormuz Traffic Collapses

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Dubai — Global trade faces severe disruption as shipping through the Strait of Hormuz, one of the world’s most vital energy corridors, has collapsed. Data from the United Nations Conference on Trade and Development (UNCTAD) show vessel traffic through the strait has plunged from around 130 ships per day to single digits in early March

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Strait of Hormuz Shutdown Triggers African Rush for Dangote Crude

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As Iranian retaliation chokes the world’s most critical oil corridor, Nigeria’s Dangote Refinery emerges as the continent’s most consequential alternative supplier — but supply headroom is narrowing fast. LAGOS — When Iranian forces enforced a blockade across the Strait of Hormuz in retaliation for Operation Epic Fury — the coordinated US-Israeli strikes on Iranian strategic

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Dangote Refinery Assures Fuel Supply Stability Amid Global Oil Market Volatility

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Lagos — The Dangote Petroleum Refinery says it will continue to meet Nigeria’s fuel demand despite growing disruptions in global energy markets, assuring consumers of stable domestic supply. Speaking during a media chat, Managing Director and Chief Executive Officer David Bird said the refinery’s local production capacity is helping shield Nigeria from supply shocks affecting

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OPEC members Slash Oil Output as Global Supply Tightens

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Riyadh — Several leading oil-producing countries in the Middle East have reportedly implemented significant production cuts, a move that could further tighten global crude supply and heighten volatility in international energy markets. According to a report by Bloomberg News, Saudi Arabia has reduced its oil output by between 2 million and 2.5 million barrels per

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Stable but Watchful: Naira Tracks Dollar, Pound in Narrow Corridor

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Abuja/Lagos The Naira is expected to trade within a narrow range on Tuesday, March 3, 2026, as the second trading day of the month begins, with analysts projecting continued relative stability against the US Dollar and the British Pound. Market data from the Nigerian Foreign Exchange Market (NFEM) on Monday showed only mild fluctuations, a

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Transcorp Hotels Rewards Shareholders as Profit Surges 138% in 2025

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Abuja Transcorp Hotels Plc has reported ₦97 billion in revenue for the 2025 financial year, representing a 38 per cent increase compared to the previous year, as the hospitality group declared a final dividend of ₦1.30 per share for shareholders. Speaking at the company’s 12th Annual General Meeting (AGM) in Abuja on Thursday, Chairman Awele

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