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  • Nigeria’s commodity curse – and blessing
 

Nigeria’s commodity curse – and blessing

Nigeria’s commodity curse – and blessing

by magna / Monday, 02 February 2015 / Published in Capital Market News

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,…

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Source : BusinessDay

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