Tag: National Assembly

Jan 08
Plunging Oil Prices Pose Risks to Nigeria’s 2026 Budget Amid Increased Global Supply

Nigeria’s fiscal outlook for 2026 faces significant challenges as Brent crude prices have dipped below the government’s benchmark of $64.85 per barrel, driven by expectations of heightened global oil supply following recent U.S.-Venezuela developments.   On January 7, Brent crude settled around $60 per barrel, with spot prices hovering near $60.50 as of today, reflecting […]