The price of Nigeria’s Bonny Light crude oil has experienced a sharp decline, falling by 10.6% from $84.02 per barrel on January 15th to $73.53 per barrel. This significant drop raises concerns over the Federal Government’s ability to meet its 2025 budget revenue projections. The 2025 national budget was structured around a crude oil benchmark … Continue reading Oil Price Drop to $73.5 Per Barrel Poses Threat to Nigeria’s 2025 Budget Revenue Target