N1
Download Nigeria One App Now Breaking News • Latest Stories • Nigeria

0 Mga view· 10/04/26·

Nigeria's economy hit hard by collapse in oil prices


wisdom
Mga subscriber

#Nigeria is officially in #recession for the first time in more than a decade, bringing an end to three years of low but positive growth. The African country's economy relies heavily on oil exports, but the coronavirus #pandemic has slashed global demand and the price of oil has plunged. That's bad news for a country whose budget plans relied on getting a certain price per barrel, a price that now means Nigeria is selling crude at a loss. Our correspondent Moïse Gomes reports from Lagos. 

Subscribe to France 24 now:
http://f24.my/youtubeEN

FRANCE 24 live news stream: all the latest news 24/7
http://f24.my/YTliveEN

Visit our website:
http://www.france24.com

Subscribe to our YouTube channel:
http://f24.my/youtubeEN

Like us on Facebook:
https://www.facebook.com/FRANCE24.English

Follow us on Twitter:
https://twitter.com/France24_en

Magpakita ng higit pa

Susunod


0 Mga komento