Nigeria’s 2026 budget assumes oil at $64.85 per barrel. If crude rises toward $100 amid escalating tensions involving Iran, the
Nigeria’s fragile currency could receive unexpected support from rising global oil prices as geopolitical tensions in the Middle East drive
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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