August 31, 2020/Coronation Report
Nigeria’s public finances work well when oil prices are above US$50.00/bbl (better still, above US$60.00/bbl).
Though prices are trending in that direction the prospect the Democratic Party winning November’s presidential election puts a question mark over the trend next year. And the Organization of the Petroleum Exporting Countries (OPEC) insists on Nigeria cutting its production as prices rise. Nigeria’s reliance on oil is under the spotlight again.
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