
What $55 Oil Means for Nigeria
CardinalStone’s central case—an average oil price of about $55 per barrel in 2026—is materially below the Federal Government’s 2026 budget

CardinalStone’s central case—an average oil price of about $55 per barrel in 2026—is materially below the Federal Government’s 2026 budget

Nigeria’s 2026 federal budget, projected at approximately ₦58.2 trillion, is not merely another annual spending plan. It is a defining












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