Oil Slump, Coronavirus Create a Perfect Storm for Nigeria’s Economy

The crash in oil rates and the financial fallout from the coronavirus jointly pose what could be an existential menace for Africa’s most significant economy and major crude producer.

Nigeria, a state of 200 million persons, is slashing generation quicker than any other major oil economy following the precipitous plunge in worldwide rates. Cargo ships entire of hundreds of thousands of barrels of Nigerian crude have nowhere to go, with much of the globe on lockdown. Nigerian oil providers are desperately competing to fill the previous couple vacant tankers…

Next Post

European Countries Move Closer to Reopening Continent

PARIS—European governments are making ready to unlock the continent’s economic system by introducing regulations and tips that total to a sweeping reconfiguration of day-to-day lifestyle, from subway seating to classroom sizing. Governments from Paris to Madrid are navigating a minefield as they glance for approaches to revive their economies without […]