Jet Fuel Price Surge Sparks Calls for FG To Suspend Aviation Charges Airline operators temporarily shelve plan to suspend operations Keyamo appeals for calm, assures govt will address issues
Chinedu Eze in Lagos and Emmanuel Addeh in Abuja
Rising jet fuel prices are
intensifying pressure on Nigeria’s aviation sector,
prompting industry analysts and stakeholders to call for
urgent government intervention. Analysts warned that without
the suspension of multiple Continued on page 5
CBN, FMDA Unveil NOFR as Nigeria’s New Money Market Benchmark...
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Saturday April 18, 2026 Vol 31. No 11332
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Tinubu Signs N68.32trn Budget, Orders Disciplined Spending, Implementation Begins April 1
President assents to bill extending implementation of capital component of 2025 budget from March to June Analysts urge prioritisation of capital projects
Deji Elumoye, Ndubuisi Francis and James Emejo in Abuja President
Bola
Tinubu
has assented to the 2026 Appropriation Bill, which provides for an aggregate expenditure of N68.32 trillion.
This comes as analysts advised the federal government to prioritise capital budget. The President also signed
into law the bill extending the implementation period for the capital component of the 2025 budget from March 31, 2026, to
June 30, 2026. Presidential spokesperson, Bayo Onanuga, while giving a breakdown of the 2026
Appropriation Act in a statement yesterday, stated that the N68.32
Continued on page 5
Oil Prices Fall 11% as Iran Reopens Strait of Hormuz to Global Shipping Brent crude drops to $90.38 per barrel amid easing tensions Trump hails reopening but keeps naval blockade on Iran
Sunday Ehigiator with agency report The price of oil plunged sharply and two U.S. stock indexes hit all-time highs yesterday, after Iran’s foreign minister said the Strait of Hormuz was open for commercial vessels. U.S. crude oil plunged 11.4 percent to $83.85 per barrel, its lowest level since March 10, while Brent crude slid nine percent to $90.38 per barrel. Yesterday was the secondlargest one-day drop since the war began for both U.S. and Brent crude oil. “In line with the ceasefire in Lebanon, the passage for all commercial vessels through Strait of Hormuz is declared completely open for the remaining period of ceasefire, Continued on page 5
PRESENTING OGUN APC 2027 GOVERNORSHIP CANDIDATE TO THE PRESIDENT...
L-R: Ogun State Governor, Prince Dapo Abiodun; President Bola Tinubu; Former Ogun State Governor, Chief Olusegun Osoba, presenting the Ogun State 2027 Governorship candidate, Senator Solomon Olamilekan Adeola ‘Yayi’ to the President at the Presidential Villa in Abuja….yesterday
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