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REA Disburses N9bn for Mini-Grid Projects

The Rural Electrification Agency (REA) has disbursed about ₦9 billion to support mini-grid projects in Taraba, Kogi, Kwara, and Niger States, as part of efforts to expand renewable energy access.

Refiners, NLC Demand More Crude, Lower Fuel Prices as Output Hits 1.8mbpd

Nigeria’s crude oil production has risen to about 1.8 million barrels per day (mbpd), prompting local refiners and organised labour to renew calls for increased crude supply to domestic refineries and lower fuel prices.

Power Supply: Tinubu Approves N3.3trn Electricity Debt Payment

President Bola Tinubu has approved the payment plan to finally settle the outstanding debts under the Presidential Power Sector Financial Reforms Programme.

‎S’Arabia Non-Oil Sector Contracts as PMI Falls to 48.8

‎Saudi Arabia’s non-oil private sector slipped into contraction in March for the first time in nearly five years, as escalating conflict in the Middle East disrupted supply chains and dampened business confidence.

OPEC+ Approves 206,000bpd Increase for May

OPEC+ is set to raise its oil production quota by 206,000 barrels per day (bpd) in May 2026, according to sources who spoke to Reuters.

Nigeria Emerges Aviation Fuel Supplier to Europe Amid Middle East Disruptions

Nigeria has stepped in as a crucial alternative supplier of aviation fuel to Europe, as US‑Iran tensions disrupt traditional Middle Eastern flows.