Falling oil price not good news for Nigerian economy

By Muda Yusuf Data from the Organisation of Petroleum Exporting Countries (OPEC) shows that oil prices are trending down at $59.96p/bl on 29th November from $88p/bl one month ago. This is below 2019-2021 Medium-Term Expenditure Framework (MTEF) benchmark of $60p/bl. The declining global oil price poses a major risk to FG’s economic projections for 2019 […]

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