Oil Prices Rally Brightens Naira, CBN Foreign Reserves’ Prospects
With Brent crude trading around $69 per barrel above Nigeria’s 2026 federal budget benchmark of $64.85, the price rally would largely bolster the country’s fiscal revenues, foreign exchange reserves and promote exchange rate stability. Analysts posit that a full-scale conflict disrupting the Strait of Hormuz—a chokepoint for about 20 per cent of global oil flows […]
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