Nigeria is facing a mounting economic crisis as Brent crude prices fall below $60 per barrel, threatening the country’s fragile fiscal balance and exposing the naira to renewed foreign exchange volatility. The sharp downturn in oil markets, driven by a combination of expanded OPEC+ supply and declining global demand, has rattled policymakers and investors alike. [...]The post Nigeria faces twin economic shocks as oil prices plunge below budget benchmark appeared first on National Daily Newspaper.
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