Five reasons why Nigeria’s next economic recession will be worse than ever

On Friday, February 28, 2020, Nigeria reported the first confirmed case of the Corona virus. Prior to this, Nigeria has been feeling the impact of the virus through declining crude oil prices in the international market. Oil price (Bonny light) declined from US$70 per barrel (pb) in January 2020 to US$50pb on February 28th, below the 2020 budget...

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