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NGN/USD 1,540.20 ↓ 0.4% BRENT CRUDE $82.14 ↑ 1.2% NGX INDEX 99,240.50 ↑ 0.1% INFLATION 33.95% ↑ 1.8% MPR 26.25% stable
NGN/USD 1,540.20 ↓ 0.4% BRENT CRUDE $82.14 ↑ 1.2% NGX INDEX 99,240.50 ↑ 0.1% INFLATION 33.95% ↑ 1.8% MPR 26.25% stable

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Nigeria’s 2026 budget under threat as Citi forecasts Brent crude could slide to $60

NIGERIA’S 2026 budget may come under renewed pressure after global financial services firm Citi projected that Brent crude prices could decline to about $60 per barrel by the end of the year, raising concerns over government revenue and fiscal stability. The forecast suggests Nigeria could face a significant revenue shortfall if crude prices weaken further, […]

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May 13, 2026 post

Nigeria to spend $11.6bn on debt servicing in 2026, up 130% from 2025

PRESIDENT Bola Tinubu has disclosed that Nigeria will spend about $11.6 billion on debt servicing in 2026, representing nearly half of the country’s projected revenue, as he criticised the global financial system for undermining Africa’s industrial growth. The figure represents a 130 percent increase from $5.2 billion debt servicing cost reported in 2024. Speaking during […]