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Oil price surge offers budget relief but raises risk for Nigeria

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Dulue Mbachu

Dulue Mbachu, an experienced journalist, covers business and politics for Allen Dreyfus.
  • Israel-Iran war lifts Brent prices, helping revenue
  • Political tensions and low output threaten gains

Abuja, Nigeria – Nigeria is set to get some relief from difficulties in funding its 2025 budget as the conflict between Israel and Iran triggers a spike in crude oil prices, the country’s main export.

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Ghana ex-vice president Mahamudu Bawumia to lead opposition NPP in 2028 polls. Photo: Bawumia/Facebook page
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