Nigeria’s economy is bracing for fresh turbulence as global oil market analysts warn of a potential decline in crude prices below $50 per barrel in the second half (H2) of 2025.
The outlook, driven by weakening global demand growth and surging supply, could severely undermine the West African nation’s 2025 budget, which is heavily reliant on oil revenues.
As of mid-June, global benchmark Brent crude is trading around $67 per barrel, buoyed by short-term optimism over potential breakthroughs in U.S, China trade negotiations. However, this
