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Lower oil prices: Is Nigeria’s 2025 budget at risk?

Oil prices touched below $70 a barrel this month analysts at Citi expect brent to hover around $60 a barrel in the second half of the year, while Goldman Sachs estimates Brent could drop to the low-to-mid $60s by the end of 2026 in a scenario where OPEC and allies increase supply for 18 months. How will this outlook impact the implementation of Nigeria’s 2025 spending plan with an oil peg of $75 per barrel. Kelvin Emmanuel, CEO of Diary Hills joins CNBC Africa more.
Thu, 13 Mar 2025 11:51:01 GMT

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