6 results for “budget”
Nigeria produced 1.626 million barrels per day in the first half of 2026, below the 1.84 million budget benchmark, leaving a potential $2.49 billion revenue gap.
Finance Minister Taiwo Oyedele expects Nigeria's fiscal deficit to come in below 4.2 per cent of GDP, even as public debt rises to $121 billion and the World Bank warns of a wider consolidated gap.
Nigeria produced 402.86 million barrels of crude worth about N52.12 trillion between January and September 2026, a gross value lifted by conflict-driven Bonny Light prices rather than by hitting budget production targets.
More stocks fell than rose across 17 African exchanges on Thursday, with Uganda leading index gains and Ghana the weakest, while attention shifted to Enoch Godongwana medium-term budget on 21 October and a possible R70 billion revenue windfall.
Brent slipped toward $104 and WTI to about $94 as supply-route fears eased, a move with direct consequences for Nigeria's budget and FX earnings.
Federal interest payments consumed 124.2% of federal revenue in the first half of 2026, a stark illustration of how debt service is squeezing out investment.