Nigeria’s commodity curse – and blessing

Plunging oil prices is synonymous with economic and political instability in oil producing nations. In Nigeria, the falling oil prices translate into an increased difficulty for the nation to balance its budget and maintain its currency’s value, forcing a burn through the often capricious oil savings to stave off a crisis. Paradoxically, this time around,…

This content is for Bronze, Silver and Gold members only. Visit the site and log in/register to read.

Source : BusinessDay

Tags: No tags

Comments are closed.