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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.

Banks Raise ₦4.65trn as CBN Ends Recapitalisation Drive

The Central Bank of Nigeria (CBN) has announced the successful conclusion of its banking sector recapitalisation programme, with Nigerian banks raising a total of ₦4.65 trillion over a 24-month period to strengthen the financial system and support economic growth.

SPECIAL REPORT: How Illegal Levies Exploit Traders, Drivers in Abuja, by Oyeyemi Abolade

In Nigeria’s bustling informal economy, payments rarely come with clarity, receipts, or even definitions. Across markets and transport hubs, traders and workers navigate a complex web of compulsory levies that are collected routinely but scarcely explained.