Nigeria Faces Fiscal Strain As Global Oil Prices Slip Below $64.85 Budget Benchmark

Global oil prices tumbled on Wednesday, January 21, 2026, dipping below levels critical to Nigeria’s fiscal stability. Brent crude fell toward $64 per barrel, officially sliding under the $64.85 benchmark set in the 2026 Appropriation Bill. This price decline comes at a vulnerable moment for the federal government, which just weeks ago presented a N58.18 … Continue reading Nigeria Faces Fiscal Strain As Global Oil Prices Slip Below $64.85 Budget Benchmark