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Nigeria grapples with end of fuel subsidy
Nigeria grapples with end of fuel subsidy
by  AFP

Nigerians are struggling with surging fuel prices after newly elected President Bola Tinubu declared an end to popular subsidies, a move analysts and experts said was long overdue. On his first day in office, Tinubu kept to his campaign promise and announced an end to the long-running arrangement, which has given Nigerians access to cheap petrol.

Saudi-Russian discord clouds OPEC+ talks
Saudi-Russian discord clouds OPEC+ talks
by  AFP

Signs of discord between top crude oil producers Saudi Arabia and Russia are set to overshadow an OPEC+ output policy meeting on Sunday that will test their alliance. Analysts are now divided over whether Saudi Arabia and Russia will keep the group on course with its current output policy, or further curtail production in a bid to prop up prices.

US averts first-ever default with 11th-hour debt deal
US averts first-ever default with 11th-hour debt deal
by  AFP

US senators voted to suspend the federal debt limit Thursday, capping weeks of fraught negotiations to eliminate the threat of a disastrous credit default just four days ahead of the deadline set by the Treasury. Around 80 years ago, lawmakers introduced a limit on how much federal debt could be accrued.

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