How Nigeria Can Survive $30 Crude Oil Price — Drinks & Mics Panel Weighs In

How Nigeria Can Survive  Crude Oil Price — Drinks & Mics Panel Weighs In

The Drinks & Mics Panel Discussion 2025, hosted by Nairametrics, addressed the critical question of how Nigeria can navigate a $30 per barrel crude oil price, a dire scenario for an economy heavily reliant on oil, which accounts for 90% of export earnings and 56% of 2025 government revenue (Economic Confidential, Nairametrics). Held amid a … Read more

Brent Crude Rally Lifts Some Pressure Off Nigerian Naira

Brent Crude Rally Lifts Some Pressure Off Nigerian Naira

LAGOS, Nigeria — May 6, 2025 A recent rally in Brent crude oil prices has provided a modest reprieve for the Nigerian naira, which has faced significant pressure in recent months due to fluctuating oil revenues and foreign exchange (FX) challenges. Brent crude, a global benchmark closely tied to Nigeria’s Bonny Light crude, surged past … Read more